Daniel Timothy Hudson, serving as a director at Hallador Energy Co (NASDAQ:HNRG), has executed a series of stock purchases totaling $86,520. The acquisitions were finalized between June 24 and June 25, 2026, with share prices fluctuating between $17.04 and $17.70.
On June 24, Hudson purchased 3,000 shares of common stock at a price of $17.04 per share. The following day, June 25, he acquired an additional 2,000 shares at $17.70 each. Following these transactions, Hudson directly holds 5,000 shares of Hallador Energy common stock.
At the time of these purchases, the stock was trading at $18.14, reflecting a 9% decline over the preceding week according to InvestingPro data. The energy company, which carries a market capitalization of $842 million, currently trades below its Fair Value, suggesting potential upside.
Recent corporate developments include a significant miss in the first-quarter 2026 earnings report. Hallador Energy reported an earnings per share (EPS) of -0.2, falling short of the forecasted -0.08, marking a 150% negative surprise. Revenue also came in below expectations at $101.8 million, compared to the anticipated $104.1 million.
Additionally, Hallador Energy announced that its subsidiary, Hallador Power Company, was selected by the U.S. Department of Energy to begin negotiations for up to $27.2 million in federal funding. This funding aims to support the modernization of the Merom Generating Station in Indiana, with the total project cost estimated at approximately $56.9 million. The modernization project focuses on upgrading the facility's water management systems.
Meanwhile, Jefferies reported a rise in local opposition to data center construction across the United States, although the Midwest, Southeast, Texas, and Northwest regions remain favorable for development.