Technip Energies (OTCMKTS:THNPY) Rating Lowered to “Strong Sell” at Zacks Research

Technip Energies (OTCMKTS:THNPY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Technip Energies Price Performance

Technip Energies stock opened at $34.16 on Wednesday. The firm has a 50 day simple moving average of $39.60 and a 200-day simple moving average of $40.75. Technip Energies has a 1-year low of $33.61 and a 1-year high of $49.18.

Technip Energies Company Profile

Technip Energies N.V. is a global engineering and technology company formed in 2021 through the spin-off of the engineering and construction arm of TechnipFMC. Headquartered in Paris, France, the company specializes in delivering large-scale projects for the energy sector, with a particular emphasis on the transition to low-carbon solutions. Technip Energies combines deep technical expertise with integrated project management to support clients across the hydrocarbon value chain and emerging energy markets.

The company’s core offerings include front-end engineering design (FEED), detailed engineering, procurement and construction (EPC), and project management.