Technip Energies (T.EN) operates in the cyclical oil & gas industry, with a high share of (profitable) LNG projects in the backlog. We expect tight capex spending for the coming years and therefore take a cautious view on long-term margins. The exception is in low-carbon, where the oil majors are pivoting. A strong track record in delivering flagship projects positions the company well in receiving awards during the energy transition, and supports our positive recommendation on the stock.
29 Mar 2021
Ready to accompany the energy transition
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ready to accompany the energy transition
Technip Energies (T.EN) operates in the cyclical oil & gas industry, with a high share of (profitable) LNG projects in the backlog. We expect tight capex spending for the coming years and therefore take a cautious view on long-term margins. The exception is in low-carbon, where the oil majors are pivoting. A strong track record in delivering flagship projects positions the company well in receiving awards during the energy transition, and supports our positive recommendation on the stock.