Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:TechnipFMC plc (FTI) : This energy solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.6% over the last 60 days.NRx Pharmaceuticals, Inc. (NRXP) : This bio-pharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.Powell Industries, Inc. (POWL) : This custom equipment manufacturer the Zacks Consensus Estimate for its c ...

TechnipFMC plc (FTI) has been awarded a substantial contract by London-based oil major Shell plc’s (SHEL) subsidiary, Shell Nigeria Exploration and Production Company (“SNEPCo”), to provide technological support in the subsea production for the development of the Bonga North project in Nigeria.FTI’s contract with SNEPCo validates its position as a leading provider of technological and innovative solutions in the energy industry.FTI’s Transformative Technology to Enhance EfficiencyFTI’s scope of work under t ...

TechnipFMC plc (FTI) , a Houston, TX-based oil and gas equipment and services company, has received the full notice to proceed with its contract to provide an all-electric subsea system for the Northern Endurance Partnership's (“NEP”) transformative carbon dioxide (CO2) transportation and storage project. This significant development marks a major milestone in the energy transition, particularly within the United Kingdom's East Coast Cluster and supports FTI’s leadership in subsea technologies and carbon ca ...

Core Insights - LanzaTech Global, Inc. has appointed Thierry Pilenko to its Board of Directors, bringing over 40 years of experience in the energy and industrial sectors [1][2] - Pilenko's expertise in large-scale infrastructure development and technology deployment is expected to enhance LanzaTech's growth strategy and accelerate its path to profitability [1][2] - The appointment increases LanzaTech's board to seven members, strengthening corporate governance [4] Company Overview - LanzaTech is a carbon recycling company that transforms waste carbon into sustainable fuels, chemicals, materials, and protein [5] - The company utilizes biorecycling technology to capture carbon emissions from energy-intensive industries, preventing them from entering the atmosphere [5] - LanzaTech partners with various companies across the global supply chain to promote a circular carbon economy [5] Leadership Background - Thierry Pilenko has a proven track record in deploying innovative technologies and leading large-scale projects, having spent 20 years at Schlumberger Limited and later leading TechnipFMC [2][3] - Under Pilenko's leadership, Technip executed significant projects, including Shell's $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project [2]

Core Viewpoint - TechnipFMC plc has demonstrated strong stock performance in 2024, with shares up nearly 50% year-to-date, outperforming the S&P 500 and peers like Oceaneering International and Core Labs [1][4]. Company Overview - TechnipFMC, formed from the merger of Technip and FMC Technologies in January 2017, provides products, services, and integrated technology solutions for the energy industry, focusing on subsea, onshore/offshore, and surface projects [5]. Fundamental Strength - The company's total backlog reached $14.7 million in Q3 2024, an 11.1% increase from the previous year, indicating strong revenue visibility and margin improvements [6]. - TechnipFMC raised its 2025 revenue outlook for the Subsea segment to $8.3-$8.7 billion, up from $8 billion, driven by an expected adjusted EBITDA margin increase to 18.5-20% [6]. - The company secured significant contracts with Petrobras and bp, enhancing its market position in high-demand regions like Brazil and the Gulf of Mexico [6]. Technological Advancements - TechnipFMC's Subsea 2.0 platform is expected to see fast-track adoption, offering a new suite of products that improve project economics and environmental sustainability [7]. Shareholder Returns - The company announced a $1 billion increase in share repurchase authorization, totaling $1.2 billion, aiming to nearly double shareholder distributions for 2024 compared to the previous year [8]. Analyst Estimates - TechnipFMC has a Value and Growth Score of B, with earnings revisions trending positively; the 2024 profit estimate increased from $1.37 to $1.55, and the 2025 projection rose from $1.90 to $1.96 [10]. Stock Performance - Over the last three years, TechnipFMC shares surged by 374%, significantly outperforming the S&P 500's 25.5% gain and the Zacks Oil/Energy sector's 41.4% growth [13]. Investment Consideration - Given the strong project awards and growing backlog, it is suggested that investors consider buying shares of TechnipFMC, as these factors indicate strong long-term cash flows and potential for higher stock prices [14].

Have you been paying attention to shares of FMC Technologies (FTI) ? Shares have been on the move with the stock up 16.1% over the past month. The stock hit a new 52-week high of $30.23 in the previous session. FMC Technologies has gained 49.1% since the start of the year compared to the 11.3% move for the Zacks Oils-Energy sector and the 3.1% return for the Zacks Oil and Gas - Field Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't ...

TechnipFMC plc (FTI) , a leading supplier of products, services and fully integrated technology solutions in the energy industry,has secured an integrated engineering, procurement, construction, and installation (iEPCI) contractalongside Saipem S.p.A, an Italian oilfield engineering and construction services firmfor the subsea development of TotalEnergies’ GranMorgu field on Block 58, offshore Suriname.FTI’s Scope of WorkTechnipFMC is responsible for a subsea production system (SPS), which includes Subsea 2 ...

WASHINGTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David Duschene and Tim Peters as Senior Managing Directors within the firm’s Strategic Communications segment, further strengthening the firm’s multi-sector capabilities in the Midwest. “Dave and Tim have deep expertise at the intersection of reputation management, public affairs and issues management,” said Brian Kennedy, Americas Head of FTI Consulting’s Strategic Communications segment. “Orga ...

TechnipFMC plc(FTI) has announced a collaboration with the Italian cabling giant Prysmian to meet the growing demand for renewable energy by accelerating offshore floating wind projects. This partnership merges the individual expertise of both companies where FTI will provide the services of offshore system design and Prysmian will deliver its expertise in power cabling systems, creating a powerful synergy and providing an integrated solution.FTI and Prysmian’s Comprehensive and Integrated SolutionAs a resu ...

WASHINGTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Caitlin Holmes and Mark Sexton as Senior Managing Directors in the Financial Services practice within the firm’s Forensic and Litigation Consulting segment, further enhancing the firm’s risk management and regulatory compliance services. “Financial services organizations are experiencing an immense shift in the status quo, leading to a heightened risk landscape, whether it’s related to new regul ...