If things weren't bad enough for metallurgical coal producers lately, it looks like several Wall Street analysts want to add to the frustration. Both Goldman Sachs and UBS have recently downgraded Walter Energy (NYSE: WLT ) and Alpha Natural Resources (NYSE: ANR ) , respectively. With so many analysts predicting the price for metallurgical coal remaining in the range of $120-$130 per ton for this year and well into next year, it will continually put a strain on these companies, which are highly dependent on coking coal exports.
There is pretty much one element that will make or break the metallurgical coal market over the next couple of years, and that is China. Find out more about the particular issues that have caused UBS and Goldman to be so bearish on these two stocks and what investors should make of the future of these two companies.
America's $600 billion energy problem means invest in these three stocks today
A dark specter is looming that is ready to stop America's Energy boom right in its tracks, and no one is talking about it. This one critical element could cost us over $600 billion, but every day we wait that number grows and grows. The U.S. government thinks investment in this sector is so important, even the Internal Revenue Service will give you a free pass if you invest in this select group of stocks. Our analysts at The Motley Fool have combed over this special class of stocks and we have identified three that could make you rich! Find out the names of these IRS-gift-wrapped stocks in our special report "3 Stocks The IRS Is Begging You To Buy." Simply click here and we'll give you free access to this valuable investing resource.