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Stock Ratings / Utilities / HNRG
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Hallador Energy Company (HNRG) — RQD Stock Rating Cockpit

$10.60 -5.53% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.47

Hallador Energy Company (HNRG) carries a Roarable Rating of D+ (Sell) with 54/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $528.9M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on HNRG Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is HNRG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
▼

As of 2026-11-03, Hallador Energy Company (NASDAQ: HNRG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $10.60 (-5.53% 1D, market cap $528.9M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 17/20. Across 116 tracked Utilities issuers, HNRG ranks #50 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does HNRG compare to NNE and EDN in the Utilities sector?
▼

Within the Utilities sector (Electric Utilities: Central), HNRG carries a Roarable D+ (54/100 RQD), trailing P/E of 13.2x, gross margin of —, and ROIC of 26.9%. By comparison, NNE (Nano Nuclear Energy Inc.) holds a E grade (28/100 RQD, P/E N/A, ROIC -6.7%, cap $625.6M) and EDN (Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)) posts a D grade (44/100 RQD, P/E N/A, ROIC —, cap $707.1M). Among the 5-stock peer group, HNRG leads on earnings multiple (13.2x) while HNRG leads on capital efficiency (26.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for HNRG?
▼

Per HNRG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000788965), Hallador Energy Company generated $469.5M in revenue (+16.2% YoY), $41.9M in net income, and $11.9M in free cash flow against $408.1M in total assets and $29.7M in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $10.47 (-1.19%)🧬 Cannibal Buyback (-2.64% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 2.5% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 54/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.7% avg 90D alpha vs SPY • 51.0% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510054
2-of-3 Quant Analysts Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR RQD RADARRw D · Rk C-
Cash (10)Whales (3)SEC (14)Macro (10)CEO (17)
Each axis scored 0–20
12M PRICE TARGET CONE-1.8% Base Target
$26 Bull$10 Base$8 Bear
📬 FREE HNRG RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HNRG)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (54/100 Composite)
🔍 WHY HNRG SCORES 54/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+17/20 pts (31% of score)

SEC Form 4 / 13F Thermometer: 85% Net Buy • Cannibal Buyback (-2.64% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+14/20 pts (26% of score)

Altman Z-Score 2.75 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 7/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
62
Grade C+$13.95-18.7% Next Q
Q2 (-2Q)
59
Grade C$11.34+4.8% Next Q
Q3 (-1Q)
57
Grade C$11.88-10.8% Next Q
Current
54
Grade D+$10.60-0.7% Hist 90D α
Trajectory: C+ (62) → D+ (54)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a HNRG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While HNRG currently carries a cautious 54/100 (D+) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Company leadership has skin in the game with net positive insider conviction.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.05) and Max Pain ($11.13) forces dealer call-delta covering toward $25.93.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-2.64% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HNRG• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “HNRG Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 54%NO 46%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
37.830 Oversold · 70 Hot
ALTMAN-Z SHIELDWATCH ZONE (1.8–3.0)
2.75>3.0 Fortress Safe
PIOTROSKI F-SCOREHIGH QUALITY (7–9)
7 / 99-Pt Accounting
52-WEEK LASER RANGE2% OF RANGE
L: $11$10.60H: $25
1. Money & Cash Health● WEAK
Are profits real cash in the bank?

Weak cash conversion or heavy valuation strain compared to actual cash earned.

Factor Grade: DRQD 10 / 20
2. Big Money & Insiders● TRIMMING
Are whales & executives buying or selling?

Insiders and big institutional desks have been trimming shares rather than stepping up to buy.

Factor Grade: DRQD 20 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: C-RQD 24 / 40
MULTI-MODEL QUANT PANEL DELIBERATION

2-of-3 Quant Analysts Bearish Warning on HNRG

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
BEARISH (50)

26.9% ROIC with 42.0% gross margin and 2.16% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
BULLISH (70)

Altman-Z 2.75 and Piotroski 7/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BEARISH (50)

20/40 institutional & smart-money positioning score with 10/20 macro alignment.

Bull Case: Why Buyers Like HNRG
  • ✓Company leadership has skin in the game with net positive insider conviction.
Bear Case: What Could Go Wrong
  • !Sensitive to high interest rates and tighter Federal Reserve market liquidity.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring HNRG)

  • ✓Walkthrough of HNRG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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HNRG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -31.88%🛡️ HOLDING TREND SUPPORT
2026-11-03O $11.73H $11.73L $10.60C $10.60VOL 828.2K
RES: $15.44SUP: $9.63SMA50: $14.05SMA200: $16.45
$23.23$19.80$16.38$12.96$9.54RES $15.44SUP $9.63$10.602026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HNRG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HNRG Butterfly Map → + Track HNRG →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
4.5%/yr Implied 5Y Growth

vs. +16.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on HNRG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HNRG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for HNRG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HNRG)

Utilities Rank #50 of 116 ⚔️ NNE vs HNRG Full Matrix →

1. Head-to-Head Utilities Peer Comparison (HNRG vs. NNE, EDN, GFUZ, ELLO)

Industry: Electric Utilities: Central (56 Tracked Issuers)

Across 116 tracked Utilities securities in the Roarable RQD universe, Hallador Energy Company (HNRG) ranks #50 by composite RQD confidence (54/100, grade D+) and #86 by equity capitalization ($528.9M). Within this direct 5-issuer industry benchmark cohort, HNRG leads on earnings valuation at 13.2x trailing P/E, while HNRG leads on capital efficiency and profitability with 26.9% ROIC and — gross margin. HNRG currently leads its immediate peer cohort in composite quantitative strength at 54/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
HNRG ACTIVE
Hallador Energy Company
D+ 54/100 13.2x — 26.9% -5.53% $528.9M Benchmark Subject
NNE
Nano Nuclear Energy Inc.
E 28/100 — — -6.7% -5.92% $625.6M /nne-vs-hnrg →
EDN
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)
D 44/100 — — — -3.01% $707.1M /edn-vs-hnrg →
GFUZ
General Fusion Group Ltd.
E 29/100 — — -35.0% +1.33% $381.9M /gfuz-vs-hnrg →
ELLO
Ellomay Capital Ltd (Israel)
D 46/100 — — — +0.99% $281.2M /ello-vs-hnrg →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000788965 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Hallador Energy Company (HNRG) reported GAAP revenue of $469.5M (+16.2% vs. FY2024 revenue of $404.2M , and -26.1% cumulative change since FY2023) , GAAP net income of $41.9M, operating cash flow of $81.1M, and free cash flow of $11.9M (-5.2% YoY). On the balance sheet, HNRG closed FY2025 with $408.1M in total assets against $29.7M in total debt (Altman Z-Score: 2.75, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $469.5M $41.9M $81.1M $11.9M $408.1M $29.7M
FY2024 (FY) 2024-12-31 $404.2M -$226.1M $65.9M $12.6M $369.1M $37.4M
FY2023 (FY) 2023-12-31 $634.9M $44.8M $59.4M $59.4M — —

3. HNRG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HNRG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Hallador Energy Company (NASDAQ: HNRG) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 54/100 at a spot price of $10.60 (-5.53% 1D, market cap $528.9M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 17/20. Across 116 tracked Utilities issuers, HNRG ranks #50 in composite RQD confidence.

How does HNRG compare to NNE and EDN in the Utilities sector?

Within the Utilities sector (Electric Utilities: Central), HNRG carries a Roarable D+ (54/100 RQD), trailing P/E of 13.2x, gross margin of —, and ROIC of 26.9%. By comparison, NNE (Nano Nuclear Energy Inc.) holds a E grade (28/100 RQD, P/E N/A, ROIC -6.7%, cap $625.6M) and EDN (Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)) posts a D grade (44/100 RQD, P/E N/A, ROIC —, cap $707.1M). Among the 5-stock peer group, HNRG leads on earnings multiple (13.2x) while HNRG leads on capital efficiency (26.9% ROIC).

What are the biggest fundamental strengths and SEC risk factors for HNRG?

Per HNRG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000788965), Hallador Energy Company generated $469.5M in revenue (+16.2% YoY), $41.9M in net income, and $11.9M in free cash flow against $408.1M in total assets and $29.7M in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is HNRG trading relative to its 50-day, 200-day, and 52-week technical levels?

HNRG last traded at $10.60 (-5.53% on volume of 876,871 shares), positioning the stock -24.56% below its 50-day simple moving average ($14.05) and -35.56% below its 200-day simple moving average ($16.45). Across its 52-week range of $10.69 to $24.70, HNRG sits at the 0.0% percentile with a 14-day RSI of 37.8 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($9.28 to $11.92).

Direct Sub-Reports: HNRG RQD Cockpit HNRG 12M Forecast HNRG Earnings & Move HNRG Dividends & DRIP HNRG Insiders & 13F HNRG Whale Options HNRG Profit Sankey HNRG News & Why
ROARABLE RATING BRIEF • RQD 54/100 (D+) ✓ SEC XBRL & RQD VERIFIED

HNRG — Hallador Energy Company: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Hallador Energy Company (HNRG) earns a live Roarable RQD composite score of 54/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $10.60 (-5.53% 1D, market capitalization $528.9M).

  • Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of 26.9%, gross margin of —, operating margin of 13.0%, and free cash flow yield of 2.16%.
  • Whale 13F & Options Flow (3/20) + Insider Conviction (17/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (10/20) + Forensic Balance Sheet (14/20): Incorporates a 1.00x equity beta, Altman Z-Score of 2.75, Piotroski F-Score of 7/9, and Debt/Equity of 0.19x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Hallador Energy Company (HNRG) is a NASDAQ-listed issuer in the Utilities sector, specifically the Electric Utilities: Central industry. The profile identifies the company as operating in this industry with a market capitalization of $0.6B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Hallador Energy Company (HNRG) reported $469.5M in annual revenue (up from $404.2M in FY2024, +16.2% YoY) and $41.9M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($634.9M revenue, $44.8M net income) through FY2025, HNRG scaled operating cash flow to $81.1M and free cash flow to $11.9M, backed by $408.1M in total assets against $29.7M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 54/100): Company leadership has skin in the game with net positive insider conviction. Free cash flow yield of 2.16% and institutional whale pillar of 3/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $10.69 – $24.70 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 13.2x trailing P/E and 4.8x EV/EBITDA against 13.0% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

There are no upstream or downstream links and no proprietary signals recorded, so no supply-chain dependencies can be mapped from the source. Sector correlations and 2nd-order bottlenecks are — A prospective investor should watch whether the contracted power sales referenced in the news wire translate into reported revenue and cash flow in future filings.

  • Key Question #1: Can HNRG sustain or expand its 13.0% operating margin and 26.9% ROIC against Electric Utilities: Central peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $469.5M and free cash flow of $11.9M, how will capital allocation balance growth reinvestment against $29.7M in total debt?
  • Key Question #3: How sensitive is HNRG's 11.1x forward P/E multiple to Utilities capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

HNRG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Hallador Energy Company (HNRG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to HNRG Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

HNRG Bull vs. Bear Conversation Board — What's Your Call at $10.60?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON HNRG 🐻 33% BEARISH CONVICTION
1. Pick Your Side on HNRG:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $14.59 (+30.0%)
📌 Pinned Debate

Insider-conviction flow (17 of 20) and a 26.9% ROIC support the case that the operating business generates strong returns on capital.

Here is why I am bullish on HNRG here at $11.22: Insider-conviction flow (17 of 20) and a 26.9% ROIC support the case that the operating business generates strong returns on capital.. Compare HNRG's 13.0% operating margin and 26.9% ROIC against the rest of Electric Utilities: Central. As long as cash conversion holds up, dips toward $10.66 are getting bought.

VolSurface_Trader 🐂 BULL

@RiskArb_Desk Shorting a 3/20 institutional whale-flow stock at $11.22 is dangerous when funds are rotating into Utilities.

RI RiskArb_Desk RQD DEBATE OPENER • Hedged Event Driven 🐻 BEARISH 🎯 Target: $8.98 (-20.0%)
Spot @ $11.22

A 2.16% FCF yield and a 3 of 20 whale-flow score leave little cash cushion or institutional support at the current price.

I respect the product at Hallador Energy Company, but the stock at $11.22 is a different story. A 2.16% FCF yield and a 3 of 20 whale-flow score leave little cash cushion or institutional support at the current price.. FCF yield is 2.16% and RQD sits at 54/100 (D+) — why pay up here when you can wait for next quarter's numbers?

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