TotalEnergies To Power Europe With Moroccan Green Hydrogen And New North Sea Gas Find
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
TotalEnergies' New Projects: TotalEnergies has signed a Preliminary Contract for Land Reservation with the Moroccan government for the ‘Chbika’ project, which aims to generate 1 GW of renewable energy and produce green hydrogen. Additionally, the company announced a gas condensate discovery in the North Sea and agreed to acquire stakes in offshore wind projects.
Market Reaction: Following these announcements, TotalEnergies shares rose by 0.71% to $65.16 in premarket trading on Tuesday.
Analyst Views on MVPA
Wall Street analysts forecast MVPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MVPA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
