Coal stocks soared on Thursday, adding to their impressive rally so far in December.
There didn’t appear to be any major news, other than some comments earlier in the week from EPA Administrator Gina McCarthy at an event reported in The Hill indicating that the agency would give states significant flexibility in meeting new standards for coal fired plants.
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It appears that was enough to send investors swooping in to buy some of this year’s most beaten-down names:
Coal Stocks on Fire