Hallador Energy Company Prices 2.78M Share Offering at $18, Raising $50M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Source: Globenewswire
- Offering Pricing: Hallador Energy Company has priced its public offering of 2,777,778 shares at $18 each, expecting to raise approximately $50 million, indicating stable market demand for its stock.
- Underwriter Selection: Texas Capital Securities is acting as the sole bookrunner for the offering, with Northland Capital Markets and A.G.P./Alliance Global Partners as co-managers, ensuring professionalism and efficiency in the issuance process.
- Planned Use of Proceeds: Hallador intends to use the net proceeds from the offering for general corporate purposes, including funding initial financial commitments for its planned natural gas generating facility, highlighting the company's focus on future expansion.
- Registration Statement Validity: The securities are being offered under an automatic shelf registration statement filed on January 13, 2026, ensuring compliance and transparency in the offering, which enhances investor confidence.
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Analyst Views on HNRG
Wall Street analysts forecast HNRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HNRG is 28.50 USD with a low forecast of 28.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 18.210
Low
28.00
Averages
28.50
High
29.00
Current: 18.210
Low
28.00
Averages
28.50
High
29.00
About HNRG
Hallador Energy Company is an energy company operating in the state of Indiana. The Company's segments include Coal Operations (operated by Sunrise Coal, LLC) and Electric Operations (operated by Hallador Power Company, LLC). The Coal Operations segment includes the operating mining complexes Oaktown 1 and 2 underground mines, Prosperity surface mine, Freelandville surface mine, and Carlisle wash plant. The Electric Operations segment includes the electric power generation facilities of the Merom Power Plant. The Oaktown Mining Complex is a coal mining and processing operation located in Knox and Sullivan counties, Indiana, and Crawford and Lawrence counties, Illinois. The Oaktown Mining Complex operations consist of two active underground mines, Oaktown Fuels No. 1 Mine and Oaktown Fuels No. 2 Mine, and related infrastructure. The Company holds other recoverable coal reserves in the Illinois Basin (ILB). Its subsidiaries include Sunrise Energy, LLC, Sycamore Coal, Inc., and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Hallador Energy (HNRG) Prices $50M Public Offering at $18.00 per Share
- Offering Pricing: Hallador Energy announced the pricing of its public offering at $18.00 per share for approximately $50M, issuing 2,777,778 shares, despite a pre-market decline of 7.95% to $18.98, indicating market caution regarding the financing.
- Underwriter Option: The company granted underwriters a 30-day option to purchase up to an additional 416,666 shares, enhancing liquidity and investor participation in the stock.
- Use of Proceeds: The net proceeds from this offering are intended for general corporate purposes, which may include funding certain initial financial commitments, reflecting the company's strategic intent for expansion and investment.
- Expected Closing Date: The public offering is expected to close on or about January 15, 2026, indicating the company's anticipation of future market conditions and the urgency of its funding needs.
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