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Total’s (TOT +0.2%) $1.37B offer for SunPower (SPWRA +36.5%) lifts other solar stocks,...

  • Friday, April 29, 2011, 9:37 AM ET
    Total’s (TOT +0.2%) $1.37B offer for SunPower (SPWRA +36.5%) lifts other solar stocks, responding to the deal’s fat premium and the notion that oil giants may be interested in buying solar companies. FSLR +3.3%, CSIQ +4.5%, LDK +3.8%, JASO +3.9%, TSL +2.9%, ASTI +3.2%, SOLR +2.8%.
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This news story has 2 comments:

  •  
    Finally the sun shines on solar.
    All this sand in the American west can help quench the thirst for clean electric power.
    All the dirty sand in Canada is still needed for the oil -- I just hope they make a breakthrough and find a way toward cleaner extraction of the material.
    29 Apr 2011, 09:53 AM Reply Like
  •  
    I recall Exxon's diversification attempts around '70. They went into coal mining and bought Emerson Electric. Never worked. Of course if this deal doesn't work out we'll hear that Total bought them to shut down a competitor.
    29 Apr 2011, 04:09 PM Reply Like
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