Ready or Not: Cloud Peak Gains on Upgrade as Peabody Soon to Exit Bankruptcy

Two pieces of info to report from coal land today: an upgrade of Cloud Peak Energy ( CLD ) from FBR , and the announcement that Peabody Energy is set to exit bankruptcy in April . And they're not as disconnected as they might appear on first glance. This year hasn't been a great one for coal stocks, despite Donald J. Trump's election win , which many bet would be good news for coal miners. Arch Coa l ( ARCH ) has dropped 16% so far in 2017, while Cloud Peak Energy has tumbled 27%, though it is still double where it was trading 12 months ago. So why are FBR's Lucas Pipes and Ted Beachley feeling optimistic? It all starts with Peabody's exit from bankruptcy: