NEW YORK (TheStreet) -- Walter Energy (WLT) shares closed trading Thursday up 4.1% to $4.51, bouncing back from a week that saw the stock drop -5% on news that the EPA is considering new regulations that could affect the coal producer.
Walter Energy responded to news that the EPA was proposing to cut carbon emissions by 30% by 2030 by releasing the following statement, "Because the rules issued today by the EPA are aimed at controlling CO2 emissions from existing domestic power plants, we do not expect the regulation will have any material impact on Walter Energy. We primarily mine and sell metallurgical grades of coal that are used in making steel, not generating electricity."
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TheStreet Ratings team rates WALTER ENERGY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate WALTER ENERGY INC (WLT) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."