Tekmar lands £4m European offshore wind contract, bolstering order book and growth plans

Tekmar Group plc ( (GB:TGP) ) has provided an update.

Tekmar Group plc, a specialist in offshore asset protection technology and energy services, has secured a contract worth more than £4m to supply its 10th Generation Cable Protection Systems and ancillaries to a major European offshore wind farm. The deal, awarded by an existing customer, will draw on Tekmar’s in-house engineering and holistic design capabilities, with deliveries scheduled in FY27 and revenue recognised across FY26 and FY27.

The award deepens Tekmar’s record order book and extends visibility into FY27, contributing to the £43m of orders secured since July 2025, of which over £15m is slated beyond September 2026. Management said the win underscores Tekmar’s leading position in offshore wind, where its systems protect more than two thirds of installed global capacity, and aligns with its Project Aurora growth strategy amid supportive policy signals such as Europe’s Hamburg Declaration and the UK’s record 8.4GW offshore wind auction.

The most recent analyst rating on (GB:TGP) stock is a Sell with a £5.00 price target. To see the full list of analyst forecasts on Tekmar Group plc stock, see the GB:TGP Stock Forecast page.

Spark’s Take on GB:TGP Stock

According to Spark, TipRanks’ AI Analyst, GB:TGP is a Neutral.

Tekmar Group plc’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and cash flow issues. The technical analysis provides some positive signals, but these are not strong enough to offset the financial challenges. The valuation is also unattractive due to the negative P/E ratio and lack of dividend yield.

To see Spark’s full report on GB:TGP stock, click here.

More about Tekmar Group plc

Tekmar Group plc is a UK-headquartered provider of asset protection technology and offshore energy services focused on the global energy transition and marine infrastructure markets. Through its Asset Protection Technology and Offshore Energy Services divisions, it supplies engineering-led solutions that protect and stabilise offshore wind farms, subsea interconnectors, oil and gas infrastructure, and port and harbour assets.

With around 40 years of experience, Tekmar has worked on more than 120 offshore wind projects across 25 countries, supporting over 40GW of installed capacity worldwide. The company has deployed more than 12,000 cable protection systems and over 100,000 subsea stabilisation products, backed by extensive geotechnical analysis and an international footprint spanning Europe, Africa, the Middle East, Asia Pacific and North America.

Average Trading Volume: 472,276

Technical Sentiment Signal: Buy

Current Market Cap: £14.3M

Learn more about TGP stock on TipRanks’ Stock Analysis page.