Tue, Oct 21, 2014, 8:42 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

SunPower Corporation Message Board

  • jai4524 jai4524 Dec 25, 2011 7:28 AM Flag

    New deal

    The huge news of the day is SunPower (Nasdaq: SPWR  ) acquiring Tenesol SA, a solar subsidiary of Total (NYSE: TOT  ) . Tenesol is involved in the design, engineering, manufacturing, installation, and managing of solar energy systems. The company will add to SunPower's downstream capabilities with experience installing over 15,000 solar systems totaling 500 MW.
    The deal itself is for $165.4 million in cash, but it's accompanied with a private stock sale to total of 18.6 million shares for $8.80 a piece, a 50% premium to last night's closing price. While the announcement didn't say if the deal would be accretive Telesol will have approximately 200 million euros in revenue this year so it will be a nice boost to the top line.
    The overall deal does two things for SunPower, it expands the amount of captive demand the company has for modules and also reinforces Total's commitment to the company. A giant in the energy sector like Total is nice to have in your corner.

 
SPWR
31.76+1.41(+4.65%)Oct 21 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.