Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of solar efficiency leader SunPower
So what: Oil giant Total decided it was time to take a plunge into solar, offering $23.25 per share for up to 60% of SunPower’s outstanding shares. The deal represents a 46% premium to yesterday’s closing price.
Now what: This offer validates what SunPower investors have been thinking for months. Considering that the market didn’t surge past the offer price, the upside appears to be $23.25 per share for the time being. But will this give broader validity to the solar sector, and push solar stocks higher? Some companies are responding today, but solar leaders Suntech Power
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