Engie shares clear their 24.20 € resistance level and extend their rebound
The energy producer extends its rebound in a well-oriented Paris market, a few days after publishing its nine-month accounts. The stock has cleared a technical threshold that had remained out of reach for several weeks and moves into the upper part of the flagship index's ranking.
A 24.20 € threshold cleared intraday, now acting as support
Engie gains 1.78% to 24.63 € at midday, while the CAC 40 rises 0.36%. The stock has broken above its 24.20 € resistance, which corresponds to its highest level of the last 30 sessions, and is holding above it, making it a support level from now on.
The move extends a 5.12% gain over the week and places Engie among the strongest performers of the CAC 40, behind Sanofi, ArcelorMittal and Airbus.
The 200-day moving average at 26.11 € remains 5.67% above the share price, while the RSI at 67 is approaching the overbought zone. Analyst views were enriched this morning: Goldman Sachs raises its target from 30.40 € to 31.80 € with a buy rating, implying a potential upside of about 29% relative to the current price.
Nine-month accounts that confirm the upper end of the 2026 range
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Engie published its results for the end of September on November 5. EBIT excluding nuclear rose 10.9% organically in the third quarter alone, compared with 3.3% over the first nine months as a whole, and reached €7.0 billion on a reported basis.
The group confirmed its 2026 guidance and expects annual results at the upper end of the range. The same day, Engie and the Belgian State postponed the nuclear agreement to December 12, the transaction price remaining a source of disagreement.
Over three months, the stock is down 7.82%, despite an 8.45% gain over the last month. December 12 is therefore the next concrete deadline in the Belgian file.
« Guidance 2026 confirmée, dans le haut de la fourchette » ; « Résultats annuels 2026 attendus dans le haut de la fourchette de la guidance »
Outlook / guidance
Expected net income: 5 200 millions d'euros
Management commentary: « le Résultat Net Récurrent part du Groupe devrait se situer dans le haut de la fourchette de 4,9 à 5,5 milliards d'euros en 2026 »
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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.
