Rockwood Holdings
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.
The “Lithium Rush” is in full swing. Existing producers are expanding properties and junior mining companies are looking for news ones to meet the demand from the dozen automakers who are introducing new electric vehicles over the next two years. Some automakers are investing in mining projects to ensure their future lithium supplies.
