Totalenergies Se Stock Price, News & Analysis

TotalEnergies SE (Euronext Paris: TTE) has reported its estimated financial indicators for the first quarter of 2023. Hydrocarbon production is expected to exceed 2.5 Mboe/d, a rise of nearly 50 kboe/d over the previous quarter, attributed to the launch of operations in Oman and acquisitions in the UAE. However, the overall performance of the integrated LNG segment will be negatively impacted by lower demand in Europe due to mild winter conditions. Refining and chemicals outcomes are projected to improve owing to sustained refining margins. TotalEnergies will release detailed results for the Integrated LNG and Integrated Power segments on April 27, 2023. Additionally, sensitivities for 2023 show various impacts based on changes in oil and gas prices.

From April 11 to April 14, 2023, TotalEnergies (Euronext Paris: TTE) repurchased a total of 2,181,597 shares under the authority granted by its shareholders during the meeting held on May 25, 2022. The average purchase price per share during this period was 58.475373 EUR, amounting to an overall transaction value of 127,569,698.26 EUR. The purchases were conducted across various markets, including XPAR, CEUX, TQEX, and AQEU. This share repurchase initiative aligns with TotalEnergies' strategy to enhance shareholder value. Detailed transaction information is available on the TotalEnergies website.

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.

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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.

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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.