Technip Energies (OTCMKTS:THNPY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Technip Energies (OTCMKTS:THNPY – Free Report) from a hold rating to a strong sell rating in a research report report published on Wednesday,Zacks.com reports.

Technip Energies Stock Down 8.7%

Technip Energies stock opened at $34.16 on Wednesday. The business has a 50 day moving average price of $39.60 and a two-hundred day moving average price of $40.75. Technip Energies has a 12 month low of $33.61 and a 12 month high of $49.18.

About Technip Energies

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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.

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