Published on 8 May 2024 on Insider Monkey via Yahoo Finance

CONSOL Energy (CEIX) Fell Due To Moderately Lower Coal Pricing

Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter.  A copy of the letter can be downloaded here. In the first quarter, the Greenlight Capital funds returned 4.9% net of fees and expenses, compared to 10.6% for the S&P 500 index. The year's first quarter saw a bullish market, with investors focusing on AI, cryptocurrency, and meme stocks. Despite the market's strong performance, the long and short portfolios didn't fare as well. The long portfolio only saw a modest increase of 2.2%, net of fees and expenses, while the single-name short portfolio broke even.  In addition, please check the fund’s top five holdings to know its best picks in 2024.

Greenlight Capital featured stocks like CONSOL Energy Inc. (NYSE:CEIX) in the first quarter 2024 investor letter. Headquartered in Canonsburg, Pennsylvania, CONSOL Energy Inc. (NYSE:CEIX) engages in the production of bituminous coal. On May 7, 2024, CONSOL Energy Inc. (NYSE:CEIX) stock closed at $86.52 per share. One-month return of CONSOL Energy Inc. (NYSE:CEIX) was 2.94%, and its shares gained 33.29% of their value over the last 52 weeks. CONSOL Energy Inc. (NYSE:CEIX) has a market capitalization of $2.562 billion.