What’s in the Charts for SunCoke Energy (SXC)?

SunCoke Energy Inc. (SXC) operates as an independent producer of coke in the Americas. It offers metallurgical and thermal coal. The company also provides handling and/or mixing services to steel, coke, electric utility, coal producing, and other manufacturing-based customers…

SunCoke Energy Inc. (SXC) has been benefiting from increased global demand for steel. It specializes in cokemaking, which is the process of heating coal to very high temperatures to produce a solid carbonaceous residue. Cokemaking is key in the production of steel. Since there is a tight supply of steel, SXC benefits.

While the company only has $55 million in cash as of the end of the most recent quarter, that still compares favorably to no short-term debt. Earnings have grown 82.4% over the past year and are expected to soar 344% year over year in the current quarter. This has led to a Growth Grade of A in our POWR Ratings system.

In addition, the stock looks undervalued with a forward P/E of only 11.26. SXC has shown mixed performance since February. This is evident in the chart below.

Take a look at the 1-year chart of SXC below with added notations…

See chart and continue reading at STOCKNEWS.com