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An update from La Francaise de l’Energie ( (FR:FDE) ) is now available.
La Française de l’Énergie has announced a new drilling campaign in Moselle, France, to produce low-carbon methane from Lorraine coal and explore natural hydrogen deposits. This initiative, which involves a €15 million investment, aims to reduce France’s reliance on imported gas and lower carbon emissions. The project will employ controlled technologies to ensure environmental safety and is expected to enhance local energy production, create jobs, and contribute to the region’s energy sovereignty.
The most recent analyst rating on (FR:FDE) stock is a Hold with a EUR36.00 price target. To see the full list of analyst forecasts on La Francaise de l’Energie stock, see the FR:FDE Stock Forecast page.
More about La Francaise de l’Energie
La Française de l’Énergie is an energy producer focused on generating energy with a negative carbon footprint. The company operates in the energy sector, specifically targeting the production of low-carbon methane and exploring natural hydrogen deposits. It aims to reduce energy dependence and environmental impact by leveraging local resources in France.
Average Trading Volume: 13,769
Technical Sentiment Signal: Buy
Current Market Cap: €165.4M
See more data about FDE stock on TipRanks’ Stock Analysis page.