Quietly Targeting 52-Week Highs: Subsea Equipment Stocks Surge by 2 Trillion Won in a Day

TechnipFMC PLC (NYSE: FTI) surged 5.11% on April 20, closing at $73.81 on the New York Stock Exchange.

Its market capitalization climbed to roughly $29.5 billion (about ₩40 trillion), rising by some $1.6 billion (around ₩2 trillion) in a single day. Trading volume totaled approximately 1.28 million shares, and the stock is nearing its 52-week high of $75.03.

In its February 19 2025 results announcement, the company reported annual revenues of $9.9 billion with an adjusted EBITDA margin in the high teens, and issued aggressive guidance for 2026: subsea revenues of $9.2–$9.6 billion and margins of 21–22%.

At the end of February, Citi maintained a Buy rating and raised its price target to $76. Even after hitting a new 52-week high of $75.03 in April, the shares remain up 49% year-to-date.

Headquartered in the U.K., TechnipFMC specializes in subsea equipment and services, offering integrated design, procurement and construction capabilities for deepwater projects of major global oil and gas companies. Formed in 2017 through the merger of France’s Technip and the U.S.’s FMC Technologies, the company now pursues a dual-growth strategy across its Subsea and Surface businesses, serving both traditional energy and energy-transition projects.