CA - TotalEnergies SE: A Bullish Stance Is Still Warranted As Earnings Near

2024-07-22 01:10:27 ET

Summary

• TotalEnergies SE is a large energy firm focusing on diverse market segments, including renewable energy, integrated gas, and traditional fossil fuel exploration.
• Despite recent underperformance in the market, the company's long-term trajectory and attractive valuation make it a compelling investment opportunity.
• Analysts expect a decline in revenue for the second quarter of the 2024 fiscal year, but anticipate an improvement in net income, supporting a bullish outlook on the company.

With a market capitalization as of this writing of $166.2 billion, TotalEnergies SE ( TTE ) (TTFNF) is one of the largest publicly traded energy firms on the planet. Like many energy companies of significant size, the firm in question is an integrated energy conglomerate. It has its hands in a variety of market segments, with examples including renewable energy, integrated gas, LNG, traditional fossil fuel exploration and production, and more. It operates refining and chemicals assets, and it even engages in certain clean energy activities like carbon storage....

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