TotalEnergies signs major solar agreements with Google
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy TTE?
TotalEnergies' stock rose by 3.28% as it reached a 52-week high amid positive market conditions.
The company has signed two long-term Power Purchase Agreements with Google to deliver 1 GW of solar capacity, expected to provide 28 TWh of renewable electricity over 15 years for data centers in Texas. This marks the largest renewable PPA signed by TotalEnergies in the U.S., reflecting its strategic focus on renewable energy solutions. The solar projects will generate power from TotalEnergies' Wichita and Mustang Creek sites, with construction slated to begin in Q2 2026, anticipated to create several hundred jobs during the construction phase.
This agreement not only enhances Google's power supply capabilities but also supports its decarbonization goals, further solidifying TotalEnergies' competitive position in the global energy market.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 87.070
Low
60.04
Averages
71.67
High
90.93
Current: 87.070
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Compliance Dispute: North Caspian Operating Co. disagrees with the ruling, asserting that its sulfur management practices comply with applicable laws, indicating a strong intent from shareholders to pursue all available avenues to defend their position against the penalty.
- International Arbitration Context: This dispute is part of a broader $166 billion international arbitration case, where Kazakh authorities are seeking additional revenue linked to the field, including claims related to environmental issues and contracts allegedly affected by corruption, highlighting the state's focus on oil field revenues.
- Market Implications: Given the evolving global energy dynamics, the legal challenges facing the Kashagan oil field, a critical asset for Kazakhstan as Central Asia's largest oil producer, could impact its supply position in Europe, increasing market uncertainty.
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- Working Capital Increase: An anticipated increase of around $5 billion in working capital for the quarter includes $2.5 billion to $3 billion related to seasonal business factors and $2 billion to $2.5 billion linked to the impact of rising hydrocarbon prices on inventories at quarter-end.
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See More
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- Investor Sentiment: The market sentiment was negatively impacted by the reaction to Trump's remarks, potentially resulting in short-term capital outflows that could affect overall market liquidity and investment decisions.
- Policy Implications: Trump's threats may prompt a reassessment of U.S. policy changes, impacting transatlantic economic relations, particularly in trade and investment sectors.
- Future Outlook: Market analysts predict that if Trump continues to issue similar threats, it could exacerbate market volatility, prompting investors to closely monitor policy developments to adjust their investment strategies.
See More
