Totalenergies Se Stock Price, News & Analysis

TotalEnergies has successfully delivered its first liquefied natural gas (LNG) cargo to the Dhamra LNG terminal in Odisha, India. This terminal, a joint venture with Adani, significantly boosts India's regasification capacity by 5 million metric tons annually, enhancing its position as the fifth largest LNG importer globally. The terminal’s commercial operations are anticipated to commence by the end of May 2023. TotalEnergies aims to increase the natural gas share in its sales mix to 50% by 2030, reinforcing its commitment to reducing carbon emissions and supporting India's transition from coal to natural gas.

SunPower (NASDAQ:SPWR) announced securing over $450 million in financing commitments aimed at enhancing its residential solar and storage loan program. The funding comes from HASI (NYSE:HASI) and Crédit Agricole CIB, allowing SunPower to offer loans to customers with terms up to 25 years. This initiative reinforces SunPower's commitment to providing attractive financing options and demonstrates the resilience of consumer credit markets. The financing will allow SunPower to effectively manage growing customer demand, with a reported 99% growth in their loan business in 2022. SunPower plans to participate in the U.S. Treasury's new bonus incentive program for solar lease financing, further supporting energy transition in qualified communities.

On April 3-6, 2023, TotalEnergies (Euronext: TTE) executed a share repurchase program authorized by shareholders on May 25, 2022. A total of 2,239,872 shares were bought back during this period, with an overall expenditure of €128,458,622.41. The average purchase price per share was approximately €57.35. The individual transaction details are available on TotalEnergies' website. The share repurchase aligns with the company’s strategy to enhance shareholder value. TotalEnergies is committed to providing cleaner and more affordable energy, operating in over 130 countries with a workforce of more than 100,000 employees.

TotalEnergies (Euronext Paris: TTE) has accepted an acquisition offer from Pacific Avenue Capital Partners for three product lines—Wingtack®, PolyBD®, and Dymalink®—from its affiliate Cray Valley. The deal encompasses four U.S. production sites, the Cray Valley Italy affiliate, and its customer portfolio. This strategic move allows Cray Valley to concentrate on its specialty C4 and pure-monomer resin businesses while TotalEnergies will continue producing Ricon®, Krasol®, and Cleartack® resins in France, the U.S., and the Czech Republic. This transaction aligns with TotalEnergies’ focus on enhancing its specialty chemical product offerings, driving growth within its portfolio.

SunPower Corp. (NASDAQ: SPWR) is set to discuss its first quarter 2023 financial results on May 3, 2023, at 8:00 a.m. Eastern Time. The results will be publicly released at 7:45 a.m. ET. A live audio webcast will be available on its investor website, along with supplemental financial information. Analysts interested in participating in the Q&A session must register for a personal link. SunPower is a prominent solar and energy services provider in North America, offering solar + storage solutions that empower customers with control over electricity consumption and resiliency during outages.

TotalEnergies (Paris:TTE) confirms the terms of the Gas Growth Integrated Project (GGIP) with the Iraqi Government, following recent meetings between Prime Minister Al-Sudani and CEO Patrick Pouyanné. The partnership consists of TotalEnergies (45%), Basrah Oil Company (30%), and QatarEnergy (25%). This consortium will invest approximately $10 billion to enhance Iraq’s natural resources, improve electricity supply, and recover flared gas. Additionally, a 1 GW solar power plant will be developed to supply the Basrah regional grid, with Saudi company ACWA Power invited to join.

TotalEnergies SE announced a share repurchase on March 27 and 28, 2023, following shareholder authorization on May 25, 2022. A total of 963,522 shares were bought back, with a daily weighted average purchase price of €52.64, amounting to approximately €50.72 million. The repurchases occurred on various markets, including Euronext Paris. This strategic move reflects the company's ongoing commitment to enhancing shareholder value.