Weak Trading In SunPower Despite Buyout (SPWRA, TOT)

Shares of SunPower Corporation SPWRA have been selling off ever since the open, which is discouraging, especially since the stock is still up 35%. Yesterday after the bell, French oil giant Total TOT announced it would be buying 60% of the company at $23.25 per share, a 45% premium to yesterday's closing price, but shares have bee selling off since the start of trading today. At last check, shares of SunPower Corporation were up $5.39, a gain of 33.4% to $21.50. SunPower Corporation, together with its subsidiaries, designs, manufactures, and markets solar electric power technologies. The company operates in two segments, Components and Systems.