TechnipFMC and Prysmian Team Up for Floating Offshore Wind Project

TechnipFMC plcFTI 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 result of the collaboration agreement, the companies aim to offer optimized solutions through an integrated Engineering, Procurement, Construction and Installation model. This all-inclusive service covers everything from mooring and anchoring to dynamic inter-array and export cable systems, which will help improve project economies and streamline execution. The integrated and comprehensive partnership will enhance reliability, reduce cost and accelerate time to first power.Driving the Energy TransitionBoth companies emphasized their commitment to innovation and creating value for their customers. With this project, the companies will create a mark for themselves in the energy transition race by making significant contributions to the global demand for renewable energy, aligning perfectly with the industry’s green energy shift.FTI’s Zacks Rank and Key PicksTechnipFMC is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. Currently, FTI has a Zacks Rank #3 (Hold).Investors interested in the energy sector might look at some better-ranked stocks like Archrock, Inc. AROC, Talos Energy Inc. TALO and The Williams Companies, Inc. WMB.While Archrock currently sports a Zacks Rank #1 (Strong Buy), Talos Energy and The Williams Companies each carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Archrock is a provider of natural gas contract compression services as well as a supplier of aftermarket services of compression equipment. The Zacks Consensus Estimate for AROC’s 2024 earnings indicates 59.42% year-over-year growth.Talos Energy engages in exploration, development and production of oil and natural gas properties. TALO’s expected EPS (earnings per share) growth rate for the next quarter is 600%, which compares favorably with the industry's loss of 39.58%.The Williams Companies is a premier energy infrastructure provider in North America, providing services like finding, producing, gathering, processing and transportation of natural gas and natural gas liquids. WMB’s expected EPS growth rate for the next year is 20.57%, which compares favorably with the industry's growth rate of 10.40%.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB): Free Stock Analysis Report TechnipFMC plc (FTI): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis Report Talos Energy Inc. (TALO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks