China’s coal plant boom is undercutting clean energy push
China’s planners said coal is still needed as backup to balance out the intermittent electricity provided by wind and solar.
International Coal Group (NYSE:ICO) hit a new 52-week high Thursday as it is currently trading at $14.52, above its previous 52-week high of $14.51 with 6.9 million shares traded as of 1:21 p.m. ET.