A Potential SpaceX Deal Could Meaningfully Accelerate Growth for Technip Stock

Technip Energies (THNPY) stock experienced a 22.5% decline over the past year, fueled by the Middle East conflict. Currently trading at a forward price-earnings ratio of 18, the stock appears attractive. Despite geopolitical tensions, emerging catalysts present opportunities for Technip. A potential $10 billion rocket fuel deal with SpaceX (SPCX) could lead to significant revenue growth within the next three years, resulting in bullish momentum for THNPY stock.

Subsequently, the stock witnessed a sharp rally following the news. Geopolitical concerns, particularly fears of an extended US-Iran conflict, have contributed to the rise in crude oil and natural gas prices. Technip's results for the first half of 2026 showcased strong order backlog, with €25 billion worth of orders and €12.7 billion in six months.

Notably, new orders outside the Middle East grew 75% compared to the previous 24 months. Despite the ongoing crisis, LNG and decarbonization projects in the U.S. and Europe led to a 1% top-line growth for the first half of 2026. Technip operates in Europe, Central Asia, Africa, the Middle East, Asia Pacific, and the Americas, holding a leadership position in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management.

The company boasts four R&D labs, 2,850 patents, and produced the world's first sustainable aviation fuel from non-oil-based feedstock. In FY25, Technip reported €7.2 billion in revenue with an EBITDA margin of 9%. Looking ahead, the company anticipates full-year revenue of €7.4 billion, potentially reaching €7.6 billion to €8.3 billion.

Furthermore, Technip has secured an executable order backlog of €6.9 billion for 2027, indicating strong growth prospects even amidst geopolitical uncertainties.