Can anything shut down the Gold rally?
PARIS - TotalEnergies (NYSE:TTE), a prominent player in the Oil, Gas & Consumable Fuels industry with a market capitalization of $131 billion, has completed the sale of a 50% stake in its 270 MW wind and solar portfolio in France to Eiffel Investment Group for €265 million, the company announced Tuesday. According to InvestingPro analysis, the stock is currently trading below its Fair Value, suggesting potential upside opportunity.
Under the agreement, TotalEnergies will retain the remaining 50% ownership and continue to operate the assets, while maintaining offtake rights for most of the electricity production.
The transaction aligns with TotalEnergies’ integrated power business model, which involves building a portfolio of renewables and flexible assets to deliver clean power to customers. The company’s strategy includes divesting up to half of its renewable assets after they reach commercial operation to maximize value and manage risks, while targeting a 12% profitability for its Integrated Power business.
Eiffel Investment Group, backed by the Impala group founded by Jacques Veyrat, currently manages approximately €7 billion in assets as of June 30, 2025. The asset manager focuses on energy transition investments among other strategies.
TotalEnergies reported that it has more than 30 GW of installed gross renewable electricity generation capacity as of the end of June 2025. The company aims to reach 35 GW by the end of 2025 and produce more than 100 TWh of net electricity by 2030.
The information in this article is based on a press release statement from TotalEnergies.
In other recent news, TotalEnergies has announced several key developments impacting its operations and financial outlook. The company revealed a $7.5 billion savings program to be implemented from 2026 to 2030, while maintaining a target of 4% annual energy production growth through 2030. This plan includes reducing net capital expenditure guidance to approximately $16 billion in 2026 and $15-17 billion annually during 2027-2030. Additionally, TotalEnergies has agreed to sell a 50% stake in its North American solar portfolio to KKR for an enterprise value of $1.25 billion, with the company set to receive about $950 million at closing.
In another strategic move, TotalEnergies has signed an agreement to acquire a 49% interest in natural gas assets in Oklahoma’s Anadarko Basin, operated by Continental Resources. Meanwhile, analyst firms have adjusted their outlooks on the company. RBC Capital lowered its price target to €70, maintaining an Outperform rating, citing a cautious tone from TotalEnergies’ recent Capital Markets Day. Conversely, Berenberg downgraded TotalEnergies from Buy to Hold, reducing the price target to €57, due to concerns over higher capital expenditure requirements impacting shareholder returns. These developments collectively reflect TotalEnergies’ ongoing strategic adjustments and the varied analyst perspectives on its financial strategies.
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