CEO Patrick Pouyanne said that if all goes to plan 20% of Total's energy output will be from low-carbon electricity, wind and solar sources by 2035. To make that plan happen, Total is focusing on more than just pumping crude.
The oil company paid $1 billion for a French industrial battery manufacturer last summer and a Belgian renewable power supplier soon after. It also owns a majority stake in SunPower Corp (SPWR) - Get Report , a U.S. solar power company.
Total shares traded slightly down at midday.
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Nvidia underwent a "key reversal" on Friday that could send the stock plunging another 36%, BMO technical analyst Russ Visch said in a new note. Visch points out that normally, these pullbacks tend to lead to the stock falling back to its 200-day moving average. In the case of Nvidia, the 200-day moving average is $96.70, or $36% below Monday's closing price of $149.97. "Considerable downside risk exists here," said Visch.
On Friday, shares of Nvidia were off to another big rally, hitting new all-time highs of $168.50 following an analyst pontificating the stock could surge to $300. But the party abruptly ended Friday afternoon and continued into most of Monday's trading session. The reversal in one of the hottest tech stocks around spooked the market, pressuring shares of other high-flyers in the space such as Amazon (AMZN) - Get Report and Apple (AAPL) - Get Report .
Apple and innovation: The reality of the here and now is that the public and would-be buyers of Apple's stock harbor greater doubts about Apple's ability to innovate than in many years, reportsTheStreet. Apple did nothing to quiet those concerns by introducing its new voice activated speaker, sources explained to TheStreet.
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