NEW YORK (TheStreet) -- Shares of Alpha Natural Resources Inc. (ANR) are up 17.79% to $2.45 after yesterday's Congressional elections, which may improve the prospects of increased coal usage.
The supplier and exporter of coal could benefit from GOP policy because the Republicans could slow down EPA rules on coal, according to Strategas Research Partners analyst Daniel Clifton, rules that have limited coal's use by utilities, according to Barron's.
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A Republican Congress will also have the votes to push through approval for the Keystone XL pipeline, Clifton added, freeing up some rail transport for coal.
Separately, TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by multiple 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 deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and generally high debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows: