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

Technip Energies (OTCMKTS:THNPY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Technip Energies Stock Performance

Shares of OTCMKTS THNPY opened at $34.16 on Wednesday. The stock’s 50-day simple moving average is $39.60 and its two-hundred day simple moving average is $40.75. Technip Energies has a twelve month low of $33.61 and a twelve month 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.