TotalEnergies to Buy 50% of US Renewables Company Clearway [MarketWatch]
SunPower Corporation (SPWR)
Last sunpower corporation earnings: 2/12 04:05 pm
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Source: MarketWatch
The French energy company said that Global Infrastructure Partners will receive $1.6 billion in cash plus an interest of 50% minus one share in a TotalEnergies subsidiary which holds a 50.6% ownership in SunPower Corp., a U.S. residential solar power company. The transaction values Clearway Energy at $35.1 a share and SunPower at $18 a share, TotalEnergies said. "The acquisition brings TotalEnergies' renewable portfolio in the U.S. to more than 25 GW," the company said. Clearway Energy Group controls and owns 42% of subsidiary Clearway Energy Inc., TotalEnergies said. Write to Cecilia Butini at cecilia.butini@wsj.com
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News
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- SunPower Co. (NASDAQ: SPWR) had its price target lowered by analysts at Susquehanna from $4.50 to $3.00. They now have a "neutral" rating on the stock.MarketBeat
SPWR
Earnings
- 2/15/24 - Miss
SPWR
Sec Filings
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- 3/25/24 - Form 144
- SPWR's page on the SEC website