We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NOV Unveils Enhydra Floating Wind Installation Vessel Concept
Read MoreHide Full Article
NOV Inc. (NOV - Free Report) has introduced an innovative Floating Wind Installation Vessel (FWIV) concept, which is designed to meet the unique challenges of the rapidly growing floating offshore wind sector.
Floating wind farms, situated farther offshore in deeper and harsher environments, demand robust installation solutions. NOV's FWIV concept, a key addition to GustoMSC's Enhydra offshore wind support vessel series, is engineered to operate safely and effectively in such challenging conditions. Its modular and integrated design enables the installation and connection of various floater types, mooring systems and dynamic cables.
According to NOV, the development of this FWIV concept is the result of extensive collaborations, encompassing not only the company's marine and construction business unit but also input from offshore wind developers, EPIC contractors and specialist original equipment manufacturers.
The GustoMSC vessel design boasts a flexible deck layout and specific provisions for integrating mission equipment, including electric subsea cranes for lifting and handling, and Remacut cable-lay systems.
The company expressed confidence in the enormous potential of the emerging floating wind market, considering it one of the most significant renewable energy resource opportunities in the coming decade. With vast potential in regions globally, including Europe, Asia and the Americas (especially the U.S. West Coast), NOV's Enhydra FWIV is poised to tap into this market growth.
NOV has expanded the Enhydra FWIV's potential for global construction, allowing shipyards worldwide to participate in its production and broadening the local supply chain by ensuring compliance with regional requirements, including the U.S. Jones Act.
Zacks Rank & Key Picks
NOV currently carries a Zack Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Matador Resources Company (MTDR - Free Report) , Liberty Energy Inc. (LBRT - Free Report) and Oceaneering International, Inc. (OII - Free Report) . While Matador Resources and Liberty Energy sport a Zacks Rank #1 (Strong Buy) each, Oceaneering International carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Matador Resources is among the leading oil and gas explorers in the shale and unconventional resources in the United States. The company’s prime intention is to create more value for shareholders and generate lucrative returns from the capital invested in unconventional plays.
MTDR’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 13.89%.
Liberty Energy is a North American provider of hydraulic fracturing services to upstream energy operators. The company’s multi-basin presence offers an attractive upside opportunity compared with most of its peers. Liberty's strong relationship with high-quality customers provides revenue visibility and business certainty.
LBRT’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.88%.
Oceaneering International is a leading provider of integrated technology solutions, active at all phases of the offshore oilfield lifecycle. Its strong relationship with high-quality customers provides revenue visibility and business certainty. OII is well-positioned to supply equipment for deep-water projects.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
NOV Unveils Enhydra Floating Wind Installation Vessel Concept
NOV Inc. (NOV - Free Report) has introduced an innovative Floating Wind Installation Vessel (FWIV) concept, which is designed to meet the unique challenges of the rapidly growing floating offshore wind sector.
Floating wind farms, situated farther offshore in deeper and harsher environments, demand robust installation solutions. NOV's FWIV concept, a key addition to GustoMSC's Enhydra offshore wind support vessel series, is engineered to operate safely and effectively in such challenging conditions. Its modular and integrated design enables the installation and connection of various floater types, mooring systems and dynamic cables.
According to NOV, the development of this FWIV concept is the result of extensive collaborations, encompassing not only the company's marine and construction business unit but also input from offshore wind developers, EPIC contractors and specialist original equipment manufacturers.
The GustoMSC vessel design boasts a flexible deck layout and specific provisions for integrating mission equipment, including electric subsea cranes for lifting and handling, and Remacut cable-lay systems.
The company expressed confidence in the enormous potential of the emerging floating wind market, considering it one of the most significant renewable energy resource opportunities in the coming decade. With vast potential in regions globally, including Europe, Asia and the Americas (especially the U.S. West Coast), NOV's Enhydra FWIV is poised to tap into this market growth.
NOV has expanded the Enhydra FWIV's potential for global construction, allowing shipyards worldwide to participate in its production and broadening the local supply chain by ensuring compliance with regional requirements, including the U.S. Jones Act.
Zacks Rank & Key Picks
NOV currently carries a Zack Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Matador Resources Company (MTDR - Free Report) , Liberty Energy Inc. (LBRT - Free Report) and Oceaneering International, Inc. (OII - Free Report) . While Matador Resources and Liberty Energy sport a Zacks Rank #1 (Strong Buy) each, Oceaneering International carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Matador Resources is among the leading oil and gas explorers in the shale and unconventional resources in the United States. The company’s prime intention is to create more value for shareholders and generate lucrative returns from the capital invested in unconventional plays.
MTDR’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 13.89%.
Liberty Energy is a North American provider of hydraulic fracturing services to upstream energy operators. The company’s multi-basin presence offers an attractive upside opportunity compared with most of its peers. Liberty's strong relationship with high-quality customers provides revenue visibility and business certainty.
LBRT’s earnings beat estimates in three of the trailing four quarters and missed once, delivering an average surprise of 9.88%.
Oceaneering International is a leading provider of integrated technology solutions, active at all phases of the offshore oilfield lifecycle. Its strong relationship with high-quality customers provides revenue visibility and business certainty. OII is well-positioned to supply equipment for deep-water projects.