LIGHTSTONE GENERATION LLC TL B is this week’s winner, up 3.4% from $74.84 to $77.35 as the group remains atop the list of distressed issuers despite the recent decline in the supply of distressed securities which had previously seen steady weekly growth.
Lagardere (MMBFP) increased 5.5% from $99.07 to $104.52 last week after Vivendi agrees to buy Amber Capital’s stake in the company to create media empire.
Peabody Energy Corp. (BTU) increased 4.5% from $80.72 to $84.37 last week as demand for U.S. coal exports and natural gas increases, and industrial demand for energy recovers from its pandemic slump.
Edison Intl (EIX) increased 3.6% from $100.64 to $104.25 last week after California’s record-breaking power prices show the market’s desire for more reliable gas generation and highlight the overall value of fossil fuel.
Navios Acquisition (NNA) increased 24.2% from $80.69 to $100.18 last week after the international owner and operator of tanker vessels announced a merger with dry cargo vessel operator, Navios Partners.
Coca-Cola (KO) increased 3.6% from $197.62 to $204.66 last week as investors seek to pour into more recession-resistant investments with reliable growth given the current economic downturn.
PBF Holding Co. increased 26.5% from $51.83 to $65.56 last week after the company announced its plans to evaluate conversion of an idle hydrocracking unit into a renewable diesel fuel producing plant to mitigate RFS costs.
Barrick Gold Corp. increased 2.4% from $127.81 to $130.83 last week after joining industrywide efforts to decarbonize surface mining through large scale haul truck electrification.
ZAMBIN increased 13.8% from $65.84 to $74.93 last week after Zambia’s new president elect, Haikainde Hichilema, agreed to start a $2 billion mining investment expansion project in the region.
AESGEN increased 6.2% from $59.82 to $63.54 last week after Chilean presidential primaries in July brought some relief to the market. It is likely that growth will continue to accelerate across renewables and energy efficient applications and services in the region.