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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Total SE    FP   FR0000120271

TOTAL SE

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Total : Sells 50% Stakes in Two Renewables Portfolios

02/23/2021 | 02:44am EST

By Giulia Petroni

Total SE said Tuesday that it is selling half its equity in two French renewables portfolios to Banque des Territoires and Credit Agricole Assurances.

The French oil-and-gas major said the portfolios in full have a total capacity close to 340 megawatts and are valued at around $600 million.

Banque des Territoires will acquire a 50% stake in a portfolio of eight solar farms in the French territory of New Caledonia, while Credit Agricole Assurances a 50% stake in a portfolio of nine wind farms and 44 solar power plants.

"These farm downs are the implementation of the business model we have defined for the development of renewable energies aiming to achieve over 10% return on equity," said Julien Pouget, senior vice president of Renewables at Total.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

02-23-21 0243ET

Stocks mentioned in the article
ChangeLast1st jan.
TOTAL SE -0.70% 38.59 Real-time Quote.10.01%
WTI 0.56% 60.581 Delayed Quote.29.66%
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Financials (USD)
Sales 2020 127 B - -
Net income 2020 -6 881 M - -
Net Debt 2020 39 166 M - -
P/E ratio 2020 -17,7x
Yield 2020 6,60%
Capitalization 123 B 123 B -
EV / Sales 2020 1,28x
EV / Sales 2021 1,04x
Nbr of Employees 107 776
Free-Float 90,3%
Chart TOTAL SE
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Technical analysis trends TOTAL SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 53,13 $
Last Close Price 46,79 $
Spread / Highest target 32,1%
Spread / Average Target 13,6%
Spread / Lowest Target -37,6%
EPS Revisions
Managers and Directors
NameTitle
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Chief Technology Officer
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Lead Independent Director
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1st jan.Capitalization (M$)
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