Over one year, Technip Energies shares have plunged 28%: they rise 2%
The energy engineering group rebounded during trading, in a Paris market oriented upward. This recovery comes after several months of decline and a new contact with a technical zone being closely watched.
A rebound that only partially offsets the quarterly decline
The stock gained 2.13% to €28.80, while the CAC 40 advanced 0.84% and the SBF 120 by 0.88%. This surge barely attenuates a decline of nearly 15% over three months and 28% over one year. The price remains well below the 200-day moving average (€33.61, a gap of 14.31%), which indicates the extent of the path ahead. It is also slightly below the 20-day moving average (€29.02) and close to the support level of €28.10, which was already touched on October 7, while the RSI at 42 remains neutral.
Guidance lowered in July, €39 target maintained by CIC
Upon the publication of the first half of 2026, on July 30, Technip Energies had reduced its margin forecast for the Project Delivery business. On the analysts' side, CIC Market Solutions maintained its buy rating with a target price of €39 on October 8, representing potential upside of nearly 35% from the current price. The group also carried out a €150 million share buyback program, executed at approximately 100% as of July 1.
At the same time, the group secured contracts for a petrochemical complex in Turkey at the end of September. The analyst consensus is detailed on the analyst opinions on Technip Energies page. The support level of €28.10 remains the closest level to watch.
