These Stocks, Red Hot in 2022, Won't Repeat the Feat in 2023

Coal stocks like Peabody Energy (NYSE: BTU) and Consol Energy (NYSE: CEIX) may be among 2022's biggest winners, but don't look for the same sort of bullish results in 2023. The circumstances driving thermal coal names higher this year are already unwinding as we prepare to flip the calendar. To this end, the International Energy Agency estimates worldwide coal consumption will rise 1.2% this year, eclipsing 8 billion tonnes of usage for the first time.