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MaireTecnimont SpA ( (IT:MAIRE) ) just unveiled an update.
Tecnimont, Maire’s Integrated E&C Solutions arm, has signed a non-exclusive memorandum of understanding with energy technology group Baker Hughes to collaborate on modular and scalable liquefied natural gas projects worldwide. The partnership will jointly evaluate LNG initiatives using Baker Hughes’ NMBL modular liquefaction solution and establish frameworks for project requirements and cooperation models, combining Tecnimont’s EPC execution capabilities with Baker Hughes’ gas liquefaction and power-generation technologies. Positioned against a backdrop of coal-to-gas switching and growing demand for lower-carbon energy, the deal aims to accelerate deployment of flexible, efficient and lower-emission LNG infrastructure, reinforcing Maire’s role in the evolving gas value chain and supporting both energy security and decarbonization objectives.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
More about MaireTecnimont SpA
Maire S.p.A. is an Italy-based engineering group focused on developing and implementing innovative technologies to support the energy transition. Through its Integrated E&C Solutions business, the company delivers large-scale engineering and construction projects for transforming natural resources, while its Sustainable Technology Solutions unit targets sustainable fertilizers and nitrogen-based fuels, low-carbon energy vectors, and circular solutions. Listed on the Milan Stock Exchange and active in around 50 countries with about 10,500 employees, Maire serves global energy and industrial markets with a particular emphasis on lower-carbon and sustainable infrastructure.
Average Trading Volume: 599,977
Technical Sentiment Signal: Buy
Current Market Cap: €4.82B
See more insights into MAIRE stock on TipRanks’ Stock Analysis page.