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E•BOOM CAPITAL: Total Buys 60% of SunPower, Caps Strong Week for Solar Stocks

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SunPower solar panels deployed at Xcel Energy’s Greater Sandhill Solar Farm in Mosco, Colorado

It was a strong week for the broad stock markets and an even stronger week for clean tech sectors, capped off with a bonanza for shareholders of San Jose, California-based solar panel company SunPower Corporation (NASDAQ: SPWRA). SunPower and French oil multinational Total S.A. (NYSE: TOT) announced late Thursday that Total was buying 60% of SunPower for approximately $1.4 billion at $23.25 per share -- lifting the stock to close today at $21.69 per share, 34.5% higher than Thursday’s close and up 36% for the week.

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