Total buys stake in world's largest solar developer

  • Total (NYSE:TOT) has agreed to acquire a 20% stake in India's Adani Green Energy, the world's largest solar developer, for $2.5Bn
  • Total also will take a 2.35 GW portfolio of operating solar assets owned by Adani Green, as well as a seat on the company's board
  • Total says the partnership will help reach its objective of reaching 35 GW of gross production capacity from renewable sources by 2025, up from ~7 GW last year
  • Adani has 54 wind and solar projects in operation across India, including one of the world's largest solar projects in Kamuthi
  • The deal is the third in a week for Total in the renewables area, following the acquisitions of a French biogas producer and a stake in a large U.S. solar portfolio

    Expectations Total

    For this year the company from Parijs could earn a total revenue around 152.84 billion euros. This is according to the average of the analysts' estimates. This is quite lower than 2019's revenue of 176.25 billion euros.

    Historical revenues and results Total Fina Elf plus estimates 2020

    financiële analyseTotal

    The analysts expect for 2020 a net profit of 3.81 billion euros. The majority of the analysts expects for this year a profit per share of 1.43 euros. Based on this the price/earnings-ratio is 25.86.

    Huge dividend Total Fina Elf

    Per share the analysts anticipate on a dividend of 2.99 euros per share. The dividend yield is then 8.09 percent. The average dividend yield of the oil & gas producers is a limited 0.5 percent.

    Recent target prices around 43 euros

    The latest 3 recommendations for the oil & gas producer were provided by Credit Suisse , Morgan Stanley and Sanford C. Bernstein & Co.

    Total Fina Elf 's market capitalization is based on the number of outstanding shares around 96.45 billion euros. The Total Fina Elf stock was the past 12 months quite unstable. Since last January the stock is 17 percent lower. This year the stock price moved between 21 and 49 euro.

    Historical stock prices Total Fina Elf

    stock analysis totalfinaelf

    Click here for dividend Total Fina Elf. At 17.28 the stock trades 0.55 percent higher at 36.98 euros.

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