The Zacks Analyst Blog Highlights: TOT, Alphabet, CVX and Royal Dutch
For Immediate Release
Chicago, IL – October 14, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include TOTAL SE TOT, Alphabet GOOGL, Chevron Corp. CVX and Royal Dutch Shell Plc RDS.A.
Here are highlights from Tuesday’s Analyst Blog:
TOTAL and Google Cloud's Solar Mapper to Drive Solar Energy Use
TOTAL SEand Alphabet’s Google Cloud have developed a unique tool, Solar Mapper, which aims to accelerate the deployment of solar panels for individuals by providing an accurate and rapid estimate of the solar energy potential of their homes. This mapper will be initially used in Europe and then worldwide.
TOTAL has been increasing renewable operations and plans to become a net-zero emission company by 2050. By 2050-end, it expects 40% sales to be generated from the renewable power generation business. The company predicts renewables and electricity to deliver a cash flow of more than $1.5 billion per year by 2025.
The acquisition of SunPower Corporation has been enabling the company to expand solar operations since 2011. TOTAL is gradually building the clean electricity generation portfolio through organic means, research and developments, acquisitions, partnerships, as well as joint ventures.
Benefits From Solar Mapper
The Solar Mapper — developed through research & development (R&D) activities — will assist TOTAL to access solar potential in individual houses and fast deploy solar panels on the roofs, in order to provide customers with more affordable and accessible solar energy.
Solar Mapper will utilize brand-new artificial intelligence algorithms that provide better results than current tools by improving the quality of the data extracted from satellite images. In France, Solar Mapper will provide more than 90% geographical coverage, allowing many more people to assess the solar potential of their homes, with greater accuracy than before.
TOTAL has been investing nearly $1 billion a year in the R&D program. A substantial amount of the same is utilized for the development of products that will help in curtailing emissions and assisting the company to achieve the emission reduction target. This innovative tool will assist TOTAL to achieve long-term emission reduction goals.
Global Scenario for Renewables
Per the International Energy Agency (“IEA”) report, net additions of renewable electricity capacity are likely to decline 13% in 2020 from 2019. This is reflective of delays in construction activity due to supply chain disruption, lockdown measures, social distancing guidelines and the emerging financing challenges.
However, IEA also forecast that renewables are expected to show their resilience in 2021, when the majority of the delayed projects are expected to come online, leading to a rebound in new installations. As a consequence, 2021 is likely to see the same level of renewable electricity capacity additions as in 2019.
The renewable energy space will offer enough growth opportunities to investors. In addition to TOTAL, oil and gas companies like Chevron Corp. and Royal Dutch Shell Plc, among others, are also investing heavily in the renewable energy space.
Price Performance
In the year-to-date period, TOTAL’s shares have outperformed the industry.
Zacks Rank
TOTAL currently has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot stocks we're targeting >>
Join us on Facbook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
TOTAL S.A. (TOT) : Free Stock Analysis Report
Chevron Corporation (CVX) : Free Stock Analysis Report
Royal Dutch Shell PLC (RDS.A) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
