Technip Energies stock falls by 2.28% to €37.80 in mid-afternoon trading, while the CAC 40 gains 0.47% during the session. The stock continues its decline that began after the quarterly earnings release on April 30. Two analyst opinion adjustments dated May 4 are weighing on the stock.
Goldman Sachs Downgrades to 'Hold', RBC Raises Target
On May 4, Goldman Sachs downgraded its recommendation on Technip Energies from 'buy' to 'hold', setting a target price of €37.00, now below the current price. On the same day, RBC Capital, on the other hand, raised its target from €42.00 to €45.00, while maintaining a 'market perform' rating. The gap between the two firms illustrates the divergent interpretations of the stock following the first quarter accounts. The consensus among analysts remains fragmented following an 8.43% drop recorded on the day of the quarterly earnings release. At the nine-month 2025 results communication, the company had confirmed its annual forecasts, targeting an EBITDA margin of around 8% at the group level and a range of 14.0% to 14.5% in the Technology, Products, and Services segment.
Stock Price Falls Below Bollinger Bands
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The stock is trading at €37.80, below the lower Bollinger band set at €38.41, indicating a technical oversold condition. The RSI at 51 remains neutral, not confirming the selling pressure indicated by the Bollinger Bands. The 50-day moving average at €36.42 and the 200-day moving average at €36.28 are both below the current price, serving as the next support zones on the downside, with the identified support at €32.02 still distant. Over three months, the stock maintains a gain of 16.16%, despite the weekly decline of 5.74%. The financial calendar anticipates two broker conferences on May 20 and 21, before the publication of the first half of 2026 results on July 30.
SectorEnergie · Pétrole et gaz›équipements et services pétroliers
Context
Period
Period: 9M 2025
Guidance from the release
Technip Energies (T.EN) a réalisé une performance financière solide sur les neuf premiers mois de 2025.
Chiffre d’affaires +9 % (5 417,1 millions €), EBITDA récurrent +9 % (478,0 millions €), forte génération de trésorerie, acquisition AM&C annoncée, contrat majeur Commonwealth LNG remporté mais conditionné à la FID ; prévisions 2025 confirmées.
Risks mentioned
Dépendance à la décision finale d’investissement (FID) pour l’intégration de certains contrats majeurs (ex. Commonwealth LNG)
Impact des variations de change (effet de change négatif sur carnet de commandes : (797) millions d’euros)
Risques liés à l’autorisation réglementaire et à la finalisation de l’acquisition AM&C
Rééquilibrage du portefeuille projet entraînant une pression sur les marges (plus de projets en phase initiale)
Opportunities identified
Croissance du GNL et solutions modulaires (SnapLNG)
Décarbonation et carburants durables
Renforcement du segment TPS via l’acquisition AM&C (revenus récurrents supplémentaires)
Projets d’économie circulaire et de recyclage chimique (Plas-TCat, Ecoplanta)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
