Technip Energies (OTCMKTS:THNPY) Stock Rating Lowered by Zacks Research

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

Technip Energies Trading Up 2.3%

Shares of THNPY stock opened at $43.48 on Monday. Technip Energies has a 1 year low of $36.12 and a 1 year high of $49.18. The firm’s fifty day moving average price is $43.50 and its two-hundred day moving average price is $40.54.

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.