July 6, 2018 - 8:10 AM EDT
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Today's Research Reports on Stocks to Watch: Aegean Marine Petroleum and Sunrun

NEW YORK, NY / ACCESSWIRE / July 6, 2018 / Aegean Marine Petroleum saw its shares explode over 200% on Thursday after the company said it had reached an agreement on a $1 billion refinancing and a potential strategic partnership with Mercuria Group. Shares of Sunrun Inc. also headed higher and even hit a new high despite any news from the company. Last week Sunrun had announced that it is now offering solar services and home batteries to Puerto Rico.

RDI Initiates Coverage on:

Aegean Marine Petroleum Network Inc.
https://rdinvesting.com/news/?ticker=ANW

Sunrun Inc.
https://rdinvesting.com/news/?ticker=RUN

Aegean Marine Petroleum Network Inc. shares closed up roughly 222% on Thursday on skyrocket volume compared to usual. The stock traded nearly 38.8 million shares compared to an average trading volume of just under 1.4 million shares. The big jump came after it was revealed that Mercuria Group has said it would provide a $1 billion trade finance facility to the company. Greek-based Aegean Marine said that Mercuria will invest at least $30 million in cash to begin and that the two companies are exploring "a potential broader strategic partnership between the company and Mercuria, including operational services, trading and hedging arrangements". Upon closure of the said deal, Aegean Marine will issue new share equal to 30% of its common stock to Mercuria and invite a Mercuria representative to its board of directors. Global head of trading for Mercuria, Magid Shenouda, stated, "We look forward to further developing our relationship with Aegean and providing the flexibility to execute a strategy that enhances the company's operations and positions the company for long-term success." It was a big jump for the stock yesterday after it hit a record low earlier in the week when the company announced writing off of $200 million of receivables on grounds that they were "without economic substance and improperly accounted for".

Access RDI's Aegean Marine Petroleum Network Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ANW

Sunrun Inc. shares closed up 5.71% yesterday on about 4.5 million shares traded. The stock soared to a new high of $15.21 despite any catalyst to explain the jump. It was last week that the largest residential solar, storage and energy services company said it is now offering solar-as-a-service and home batteries to households in Puerto Rico. The company's Chief Executive Officer as well as co-founder, Lynn Jurich, stated, "Sunrun is proud to support Puerto Rico's vibrant solar economy by creating jobs and offering residents the freedom to make their own energy. Puerto Rico is embracing the opportunity to rebuild a cleaner and more resilient electricity grid with home solar and batteries. The island can be a model for America's future energy system." Puerto Rico's governor Ricardo Rosselló Nevares said, "We welcome and thank Sunrun for providing us with a solution of alternative clean energy and continuing to be part of the journey of progress and development towards a self-sustained power grid for Puerto Ricans.”

Access RDI's Sunrun Inc. Research Report at:
https://rdinvesting.com/news/?ticker=RUN

Our Actionable Research on Aegean Marine Petroleum Network Inc. (NYSE: ANW) and Sunrun Inc. (NASDAQ: RUN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com


Source: ACCESSWIRE Investor Awareness (July 6, 2018 - 8:10 AM EDT)

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