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Hallador Energy Company (NASDAQ:HNRG) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts.

Hallador Energy Company (NASDAQ:HNRG) operates as an independent power producer and fuel company in the United States. It operates in two segments, Electric Operations and Coal Operations.

Hallador Energy Company (NASDAQ:HNRG) received a boost on March 26 when Jefferies upgraded the stock from ‘Hold’ to ‘Buy’, while also bumping its price target from $17.50 to $22.50. The raised target reflects an upside of 48% from the current levels.

The upgrade comes after Hallador Energy Company (NASDAQ:HNRG) locked in capacity hedges at approximately $470/MW-day for two years, meaningfully exceeding its latest print of $230/MW-day. Moreover, the company ‘curiously’ only hedged through the summer of 2028, specifically leaving open the fall of 2028 for any presumed capacity offtake by hyperscalers.

As a result, Jefferies analyst Julien Dumoulin-Smith upped his forecasts for the company’s 2028 EBITDA and free cash flow by 14% and 22%, respectively, significantly exceeding consensus. The analyst now values Hallador’s base business excluding data center and gas deals at $15.5/share, up 11% from his previous estimate.

While we acknowledge the potential of HNRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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