tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

TotalEnergies Sells 50% Stake in Portuguese Renewable Assets

Story Highlights
  • TotalEnergies sold 50% of its renewable assets in Portugal for €178.5 million.
  • The company will continue operating the assets and buying their production post-tariff expiration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TotalEnergies Sells 50% Stake in Portuguese Renewable Assets

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

TotalEnergies ( (TTE) ) just unveiled an update.

On July 2, 2025, TotalEnergies announced the sale of 50% of its renewable energy assets in Portugal, consisting of wind, solar, and hydroelectric operations, to a consortium for €178.5 million. The company will continue to operate these assets and purchase their production after the expiration of regulated tariffs, aligning with its strategy to optimize capital allocation and enhance profitability in its electricity segment.

The most recent analyst rating on (TTE) stock is a Buy with a $72.00 price target. To see the full list of analyst forecasts on TotalEnergies stock, see the TTE Stock Forecast page.

Spark’s Take on TTE Stock

According to Spark, TipRanks’ AI Analyst, TTE is a Outperform.

TotalEnergies’ strong financial performance and favorable valuation underpin its overall score. The company’s robust production growth and cost discipline, highlighted in the earnings call, are key strengths. Technical indicators suggest some short-term weakness, but the stock’s valuation and dividend yield offer attractive investment potential. Geopolitical uncertainties remain a risk factor.

To see Spark’s full report on TTE stock, click here.

More about TotalEnergies

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, reliable, and affordable energy solutions.

Average Trading Volume: 1,657,089

Technical Sentiment Signal: Buy

Current Market Cap: $132.4B

For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1