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TERRE HAUTE, Ind. - Hallador Energy Company (NASDAQ:HNRG), an Independent Power Producer (IPP) with a market capitalization of $735 million and demonstrating remarkable momentum with a 99% return over the past year, has announced the appointment of Todd Telesz as its new Chief Financial Officer effective June 23, 2025. According to InvestingPro data, the company has shown strong performance with a 36% return in the past six months. Telesz will be taking over from Marjorie Hargrave, who has decided to leave the company to pursue other opportunities.
Hargrave, who joined Hallador in April 2024, played a key role in reducing the company’s operating and overhead expenses and enhancing financial reporting efficiency. She will be assisting in the transition process.
Telesz brings a wealth of experience from the power sector to his new role at Hallador. Previously, he served as CFO at Tri-State Generation and Transmission Association and as CEO of Basin Electric. His tenure at CoBank, ACB, as Senior Vice President, further solidifies his expertise in the energy industry.
Brent Bilsland, President and CEO of Hallador, expressed his gratitude to Hargrave for her contributions and welcomed Telesz to the team. Bilsland is confident that Telesz’s experience and industry relationships will be instrumental as Hallador seeks to expand its generation acquisitions, particularly from energy cooperatives moving away from fossil-based generation.
Hallador is transitioning from a coal producer to an IPP, with a current focus on its Merom Generating Station, which has a capacity of one gigawatt. The company also operates Sunrise Coal, LLC, which supplies fuel to Merom and other entities. With annual revenue of $411 million and operating with moderate debt levels, Hallador maintains a stable financial position despite the transition. InvestingPro subscribers can access detailed financial health scores and 11 additional investment tips for deeper analysis.
This leadership change comes amid Hallador’s strategic efforts to grow and diversify its operations within the power market. The company’s forward-looking statements indicate a focus on executing agreements and transactions that aim to deliver long-term value and enhance growth and cash flow. Analyst price targets range from $15 to $24 per share, reflecting market confidence in the company’s transformation strategy. For comprehensive analysis and detailed valuation metrics, investors can access the full Pro Research Report available on InvestingPro.
The information in this article is based on a press release statement from Hallador Energy Company.
In other recent news, Hallador Energy Company reported its Q1 2025 earnings, exceeding analyst expectations with an earnings per share of $0.23, which was a significant improvement over the anticipated loss of $0.13. The company’s revenue reached $117.8 million, surpassing the forecasted $100.25 million. In addition to financial performance, Hallador Energy faced a setback when a major agreement with a global data center developer was terminated, which was initially seen as a strategic move for the company. Despite this, Hallador remains hopeful about future opportunities and is in discussions with other interested parties.
Furthermore, Northland analysts initiated coverage of Hallador Energy with an Outperform rating, setting a price target of $23.00, highlighting the company’s potential with ongoing negotiations for a long-term contract with a data center. Additionally, Hallador Energy’s shareholders approved the extension of the 2008 Restricted Stock Unit Plan, increasing the shares available by 2,000,000 and extending the plan’s term until 2035. Directors were also elected to serve until the 2026 annual meeting. These recent developments underscore Hallador Energy’s dynamic environment as it navigates strategic and financial challenges.
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