NACCO Industries: Back To Profit In 2024, Shares Look Cheap (Rating Upgraded) [Seeking Alpha]
NACCO Industries, Inc. (NC)
US:NYSE Investor Relations:
nacco.com/investor-relations/investor-relations-home/default.aspx
Company Research
Source: Seeking Alpha
Temporary boiler failure at Red Hills Power Plant caused a write-down on earnings, leading to a negative net income in 2023. The high probability of a stock price recovery is supported by expectations of positive net income in 2024 and long-term growth opportunities. A Buy Recommendation for NACCO Industries This analysis assigns a “Buy” rating to NACCO Industries, Inc. ( NYSE: NC ) shares, representing an upgrade from the previous Hold recommendation, as this price level after the impact of temporary issues looks like an opportunity given the good prospects for a recovery in stock. In the previous analysis, this company was considered to be able to continue to provide a financial basis for dividends and for its growth and diversification plans to lead NACCO into the future energy transition, even with some negative factors temporarily impacting the profitability of its operations. NACCO Industries: What Happened in 2023 Due to a temporary issue related to a boiler failur
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News
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American CoalPR Web
- Jeff Martin Auctioneers to Manage Sale of Sabine Mining Company Assets for North American Coal [Yahoo! Finance]Yahoo! Finance
- NACCO INDUSTRIES ANNOUNCES DATES OF 2024 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALLPR Newswire
- NACCO Industries, Inc. (NYSE: NC) was downgraded by analysts at TheStreet from a "b-" rating to a "c+" rating.MarketBeat
- NACCO Industries, Inc. (NYSE:NC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
NC
Analyst Actions
- 3/8/24 - TheStreet
NC
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- 4/3/24 - Form 4
- NC's page on the SEC website