Totalenergies Se Stock Price, News & Analysis

SunPower Corp. (NASDAQ:SPWR) announced the appointment of Steve Louden to its Board of Directors, effective March 14, 2023. Louden, currently CFO at Roku, brings over 30 years of finance and strategy experience from high-growth companies including Expedia and Disney. His tenure at Roku included leading a successful IPO. Peter Faricy, SunPower's CEO, expressed confidence in Louden's ability to drive the company's mission of facilitating America's transition to renewable energy. Louden is expected to leave Roku in Summer 2023 to focus on enhancing SunPower's leadership in the solar industry.

TotalEnergies SE conducted a share repurchase program from March 6 to March 10, 2023, authorized by shareholders on May 25, 2022. A total of 2,201,186 shares were repurchased at an average price of EUR 58.73, amounting to EUR 129,278,644.37. The transactions were executed across various markets, with the most significant volume on XPAR. For detailed information on individual trades, investors can visit the TotalEnergies website. The company continues to focus on sustainable energy solutions while being active in over 130 countries.

TotalEnergies (Euronext Paris: TTE) has launched the Front-End Engineering and Design (FEED) phase for the Papua LNG project, featuring four electrical LNG trains with a total capacity of 4 Mt/y. These trains will integrate with the existing PNG LNG liquefaction plant to optimize costs and reduce carbon intensity by re-injecting native CO₂. TotalEnergies has signed a head of agreement to sell a 2% interest in Papua LNG to JX Nippon, enhancing its 40.1% stake. The project is anticipated to boost LNG supply security in Asia and contribute significantly to the economy of Papua New Guinea, with production expected to commence four years after the Final Investment Decision planned for late 2023 to early 2024.

TotalEnergies SE announced share repurchases from February 27 to March 03, 2023, as authorized by shareholders on May 25, 2022. During this period, the company repurchased a total of 2,199,968 shares at a weighted average price of €58.78 per share, amounting to a total expenditure of €129,304,883.30. The report includes daily purchase details across multiple transactions, showcasing significant daily volumes, with the highest being 294,518 shares on February 27. Full transaction details are available on TotalEnergies' website.

TotalEnergies (Paris:TTE) is expanding its renewable energy operations in Poland by acquiring Polska Grupa Biogazowa (PGB), the country's leading biogas producer, along with a 200 MW solar project pipeline. PGB, which operates 17 facilities, will boost TotalEnergies' biogas production capacity to 1.1 TWh, positioning it as a key player in Poland's renewable sector, which has significant biogas potential. The solar projects are expected to commence by 2025. TotalEnergies aims to produce at least 20 TWh of renewable gas annually by 2030, supporting its net-zero goals and the European Green Deal.

TotalEnergies (TTE) has signed an agreement with CEPSA to acquire upstream assets in the United Arab Emirates with an effective date of January 1, 2023. This acquisition includes a 20% interest in the SARB and Umm Lulu offshore concession and a 12.88% indirect interest in the Mubarraz concession. The SARB and Umm Lulu fields are operated by ADNOC, which holds a 60% interest in the concession. This move underscores TotalEnergies' strategy to focus on low-cost, low-emission assets while enhancing its longstanding partnership with ADNOC in the region. All transactions are subject to customary conditions precedent.

TotalEnergies SE (TTE) has reported share repurchases conducted between February 20 and February 24, 2023, as authorized by shareholders on May 25, 2022. A total of 2,192,770 shares were bought at an average price of €58.79, totaling approximately €128.91 million. The shares were acquired across various markets, including XPAR and CEUX. This activity reflects the company's commitment to enhancing shareholder value through strategic buybacks.

TotalEnergies has entered into Corporate Power Purchase Agreements (CPPA) with Sasol and Air Liquide in South Africa to supply 260 MW of renewable electricity over 20 years. This includes a 120 MW solar plant and a 140 MW wind farm, generating approximately 850 GWh per year for Sasol’s Secunda site. These projects, aimed at decarbonizing production, are expected to create jobs and contribute to South Africa's energy transition from coal to renewables. The projects are slated to be operational in 2025, pending regulatory approvals. TotalEnergies aims to increase its renewable capacity to 100 GW by 2030.