Walter Energy (WLT) +6.5% premarket after reporting a strong start to the year thanks to higher...

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

Walter Energy (WLT) +6.5% premarket after reporting a strong start to the year thanks to higher prices for coal used in steelmaking and rising production. A Brean Capital analyst says that while the performance was not surprising, many investors had feared the worst. Coal names are trading higher: JRCC +4.3%, ANR +2.4%, ACI +1.8%, BTU +1.5%, CLF +1.1%.