Key Highlights:
- TotalEnergies embarks on a $16 billion green hydrogen project in southern Chile, eyeing a 2030 launch.
- Analyst consensus suggests a 19.85% potential upside in TotalEnergies SE’s (TTE, Financial) stock price.
- GuruFocus estimates predict a 10.09% growth within a year based on GF Value.
TotalEnergies (TTE) is making significant strides in sustainable energy with its recent application for an environmental permit for a monumental $16 billion green hydrogen and ammonia project in southern Chile. This ambitious venture is designed to integrate various facilities, including a wind farm and seven electrolysis centers, with construction expected to commence in 2027 and a targeted 2030 operational launch.
Wall Street Analysts’ Projections
According to the one-year price targets given by 12 esteemed analysts, the average target price for TotalEnergies SE (TTE, Financial) stands at an encouraging $68.78. This estimate envisions a potential high of $82.00, while the low mark rests at $60.00. The current average target suggests a significant upside of 19.85% from its existing value of $57.39. For further in-depth data, please visit the TotalEnergies SE (TTE) Forecast page.
Delving into brokerage sentiments, the consensus from 11 firms places TotalEnergies SE’s (TTE, Financial) average brokerage recommendation at 2.5, categorizing it under an “Outperform” status. The rating spectrum spans from 1 to 5, where 1 is a Strong Buy and 5 represents a Sell.
GuruFocus Value Estimation
Insight from GuruFocus reveals that the estimated GF Value for TotalEnergies SE (TTE, Financial) in the upcoming year is projected at $63.18. This estimation points to a potential upside of 10.09% from its current trading price of $57.39. The GF Value stands as GuruFocus’ valuation of the fair market price for the stock, meticulously calculated from historical trading multiples, previous business growth trajectories, and anticipated future business performance. More comprehensive data is accessible on the TotalEnergies SE (TTE) Summary page.
