Peabody Energy rated Buy amid improving coal prices and operational ramp-up despite recent share weakness.

Peabody Energy Corporation is rated a Buy due to recent share price weakness presenting a good entry point. The company benefits from rising coking coal prices and the operational ramp-up of its Centurion project in Australia, which is expected to boost earnings significantly. Despite a Q1 2026 EBITDA decline caused by ramp-up challenges, Peabody's stock remains attractively valued with a forward EV/EBITDA of 3.7, or about 2 on aggressive estimates, offering potential upside amid commodity and operational risks.