Will You Be Fine After Investing in Technip Energies (THNPY)?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Technip Energies N.V. (NYSE: THNPY) and discussed its stance on the firm. Technip Energies N.V. is an engineering and technology company, based in France with a $2.9 billion market capitalization. THNPY delivered a 17.52% return since the beginning of the year and it closed at $16.25 per share on January 13, 2022.

Here is what Clark Street Value has to say about Technip Energies N.V. in its Q4 2021 investor letter:

“I found the Golar LNG (GLNG) pitch on Andrew Walker’s podcast interesting, but probably not for me, but did make me think about my own holding that I’ve honestly sort of forgot about in Technip Energies (THNPY).  Technip Energies is the E&C for many of the largest LNG projects around the world, and should benefit from many of the same LNG as a transition fuel themes.  There are two remaining catalysts post spin, first parent FTI does still own ~12% of TE and plans to sell (removes the overhang once they do), and second, Technip Energies will be initiating a dividend next year (that was the plan all along) which could open it up to a wider shareholder base and semi-similar to JXN, cold hard cash might relieve some concerns around the complicated accounting.”

Our calculations show that Technip Energies N.V. (NYSE: THNPY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Technip Energies N.V. (NYSE: THNPY) delivered a 0.98% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.