TotalEnergies Accelerates Decarbonization with Biofuel Breakthrough: Details
Portfolio Pulse from Lekha Gupta
TotalEnergies SE (NYSE:TTE) shares are trading higher premarket after the company supplied its first B100 biofuel bunker in Singapore, marking a significant step in its low-carbon fuel offerings. The biofuel, made from 100% Used Cooking Oil Methyl Ester, can reduce greenhouse gas emissions by 80% to 90%. TotalEnergies also sold its 50% stake in TPPL to Gunvor Group to focus on core markets. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX) and First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).
August 12, 2024 | 12:52 pm
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POSITIVE IMPACT
Investors can gain exposure to TotalEnergies' stock via First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:EIPI).
As TotalEnergies' stock rises due to positive news, ETFs like EIPI that hold the stock are also likely to see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to TotalEnergies' stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:EIPX).
As TotalEnergies' stock rises due to positive news, ETFs like EIPX that hold the stock are also likely to see a positive impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TotalEnergies SE shares are trading higher premarket after the company supplied its first B100 biofuel bunker in Singapore, marking a significant step in its low-carbon fuel offerings.
The successful delivery of the first B100 biofuel bunker demonstrates TotalEnergies' commitment to decarbonization, likely boosting investor confidence and driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100