11 Best Undervalued Energy Stocks to Invest in Now

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8. TechnipFMC (NYSE:FTI)

Forward P/E Ratio as of April 10: 12.59

Number of Hedge Fund Holders: 56

TechnipFMC (NYSE:FTI) engages in energy projects, technologies, systems, and services businesses. It has two segments: Subsea and Surface Technologies. It mainly offers the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipeline systems which are used in oil & natural gas production and transportation.

In 2024, Subsea inbound orders reached $10.4 billion, which marked the 4th consecutive year with a book-to-bill ratio greater than one. The Subsea segment benefits from the company’s integrated model, iEPCI, and its configurable product architecture, Subsea 2.0. iEPCI orders grew ~25% year-over-year due to client projects across 6 offshore basins. Subsea 2.0 also saw adoption, with Subsea 2.03 orders outpacing total Subsea 3 awards by over 50% year-over-year. This product enables increased manufacturing capacity without additional capital expenditures.

Subsea revenue grew 22% year-over-year in 2024. For 2025, TechnipFMC (NYSE:FTI) anticipates Subsea revenue to reach $8.6 billion, which represents a 10% growth. With $20.2 billion in Subsea orders secured in the past two years, the company is confident in exceeding $10 billion of inbound orders in the current year.

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