Alliance Resource Partners Stock Keeps Falling
Shares of Alliance Resource Partners LP (NASDAQ: ARLP) fell as much as 22.2% today. That's not quite news. After all, shares of the coal producer have tumbled 77% in the last year in a nearly uninterrupted slide. But the coronavirus pandemic means this time really might be different.
Local, state, regional, and national lockdowns around the world are likely to reduce electricity demand and industrial output in 2020. For instance, China, the world's industrial powerhouse, has yet to bring all of its manufacturing assets online despite asserting that it has no new local COVID-19 infections. All of that is sure to lower demand for coal, which would weigh on the revenue and earnings of the partnership.
As of 12:09 p.m. EDT, the dividend stock had settled to a 15.7% loss.
Source Fool.com
