The latest update is out from TotalEnergies SE ( (FR:TTE) ).
TotalEnergies has completed significant acquisitions in Europe, Africa, and Canada to bolster its renewable energy portfolio. These strategic moves, including the acquisition of VSB Group and SN Power, aim to enhance TotalEnergies’ integrated electricity business, particularly in Germany and Uganda, and further expand its renewable capacity in Canada. These acquisitions are expected to contribute to the company’s goal of achieving 35 GW of renewable capacity by 2025 and over 100 TWh of electricity production by 2030, while also supporting its profitability targets and integrated power business expansion.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various forms of energy, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in approximately 120 countries, focusing on providing sustainable and reliable energy solutions.
YTD Price Performance: 15.05%
Average Trading Volume: 1,658,750
Technical Sentiment Signal: Strong Sell
Current Market Cap: €125.2B
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