Prysmian Daily News Update

As of October 30, today’s news highlights developments related to Prysmian, alongside broader market shifts particularly in technology and energy sectors. Prysmian has received a dual upgrade from Banca Akros and AlphaValue following its strong quarterly results that exceeded market expectations. Banca Akros raised its recommendation from accumulate to buy, increasing the target price from 138 eur...

As of October 29, today’s news is dominated by Prysmian’s results for the third quarter of 2026, reflecting strong performance across all business lines along with other market trends. Prysmian exceeded 2028 financial targets two years early and raised 2026 guidance again after its best quarter to date, the company said in a statement. Group Revenues stood at 6,417 million euros, with +13.1% organ...

As of October 28, today's news highlights Prysmian's upcoming results, which are attracting attention due to the anticipated impact of data center demand and power grid investments on margin expectations and earnings guidance. According to Bloomberg, analysts estimate an adjusted EBITDA of 787.6 million euros and revenues reaching 5.88 billion euros. Analysts from Barclays and Citi highlight stron...

As of October 27, today’s news is dominated by Corning's strong quarterly performance and ambitious growth targets, alongside significant developments in the renewable energy sector and geopolitical tensions affecting global energy markets. Corning reported impressive third-quarter results, beating analyst expectations with core earnings of 91 cents per share and core sales rising 19% year over ye...

As of October 26, today’s news sees movements in the market and developments impacting Prysmian and its strategic position within the cable industry. Prysmian is notably highlighted as shares surged by 3.8%, following Citigroup's reinstatement of coverage with a 'Buy' rating and a target price of 136 euros. Analysts at Citi mentioned that despite a challenging climate related to investments in art...

As of October 23, today’s news highlights Prysmian’s strategic role in global energy security and market insights related to artificial intelligence and energy infrastructure. BofA Global Research has highlighted Prysmian's resilience in potential adverse scenarios, projecting a 10% increase in shares even under a severe bear case for artificial intelligence capital expenditures. In a related focu...

As of October 22, today’s news features mounting concerns over returns on AI investments and Nexans’ share price decline despite strong quarterly sales growth. Concerns over the returns on massive investments in artificial intelligence development are weighing on European tech stocks, with the sector sub-index shedding just under 2%. In Milan, Technoprobe (-7.63%), Prysmian (-7.61%) and STMicroele...

As of October 21, today’s news sees developments related to energy security in Europe and the growing scrutiny of technological advancements. Growth opportunities are building. But is the market giving Prysmian enough credit? Bloomberg Intelligence says Prysmian’s forward price-to-earnings multiple has fallen to around 18 times, from a May peak of approximately 29. That puts the shares at a slight...

As of October 20, today’s news is dominated by mounting concerns in the tech sector, particularly surrounding artificial intelligence and its accompanying supply chain, which has been exacerbated by recent market fluctuations. Prysmian's recent performance reflects broader trends affecting electrification stocks as sentiment towards AI shifts. Shares of Prysmian fell by 2.6%, part of a larger down...

As of October 19, today’s news is dominated by Prysmian's successful acquisition of Atkore, along with ongoing discussions on global energy transitions and technology investments. Prysmian has completed the acquisition of Atkore, a key player in electrical solutions and infrastructure, for approximately 3.8 billion dollars, with consolidation set to begin on November 1. Massimo Battaini, Prysmian'...

As of October 16, today’s news features developments in energy infrastructure, particularly relating to nuclear power and the implications of artificial intelligence on various sectors. In a significant milestone for Slovakia, the fourth unit of the Mochovce nuclear power plant has been successfully connected and is now supplying electricity while operating at 20% power. Operated by Slovenske Elek...

As of October 15, today’s news sees developments in technology and energy, particularly focusing on Prysmian's advancements in cable monitoring and ongoing concerns in the AI sector. Cable monitoring systems can detect faults and identify warning signs of potential attacks on critical infrastructure. This was explained by Roberto Candela, CEO of Eoss, Prysmian’s centre of excellence based in Paler...

As of October 14, today’s news sees developments in energy markets, particularly those affecting key players in the industry, along with the geopolitical impacts influencing these sectors. Prysmian continues to make headlines as Banca Akros has reaffirmed its "accumulate" recommendation and set a target price of 138 euros following the completion of its acquisition of Xtera. Analysts suggest that...

As of October 13, today’s news highlights Prysmian's strategic acquisition and the evolving landscape in the automotive and tech industries. Prysmian has completed the acquisition of Xtera, a UK-and U.S.-based specialist in turnkey submarine telecom systems, through the joint venture between Prysmian (80%) and Fincantieri (20%). The closing marks a significant step in Prysmian’s expansion in subma...

As of October 12, today’s news features significant political developments regarding a surprise ceasefire announcement in Ukraine, continuing shifts in the energy sector, and noteworthy updates from the technology and automotive industries. Danish company Orsted has opted to buy back its remaining stake in the Gunfleet Sands offshore wind farm, ensuring its complete ownership as it assesses future...

Today’s news sees developments in the AI sector, with significant implications for corporate earnings. In the U.S., analysts predict a robust third-quarter earnings season, largely fueled by technology and AI companies such as Alphabet, Amazon.com, and Meta Platforms, which are expected to contribute significantly to the approximate 31% year-on-year increase in S&P 500 earnings. This surge has pro...

As of October 8, today’s news features advancements in renewable energy contracts, investment efforts in energy storage technologies, and changes in energy strategies across Europe. Italian startup Energy Dome, which develops carbon dioxide-based energy storage technology, is in advanced talks with European and US investors to raise several hundred millions of euros to support its growth, Chief Ex...

As of October 7, today's news highlights significant developments in energy projects and corporate acquisitions, with a particular focus on Prysmian's anticipated acquisition of Atkore. Prysmian announced that, at a special meeting held earlier today, holders of a majority of the outstanding shares of common stock of Atkore voted in favor of adopting the merger agreement signed on August 2, 2026....

As of October 6, today's news sees significant developments in energy infrastructure funding in the US, regulatory challenges for utilities, and emerging market dynamics in renewable energy. The US Energy Department is set to announce a 150 million dollars funding initiative targeted at power lines in Alaska, coinciding with Vice President JD Vance's campaign efforts to support Republican Senator...

In this episode of the Prysmian Daily News Update, Frederick Persson, Executive VP of Digital Solutions at Prysmian, shares his perspective on the trends shaping the future of connectivity. From the growing role of AI and data centers to the evolving dynamics of global supply chains, he discusses how the fiber market has changed and where it is heading next. The conversation explores the strategic...

As of October 5, today’s news features corporate acquisitions, macroeconomic trends in the energy sector, and significant political developments in Europe. Schneider Electric announced a definitive agreement to acquire the US software firm PTC for approximately 22.6 billion dollars. This deal represents Schneider's largest acquisition to date, highlighting its ambition to expand its data centre bu...

As of October 2, today’s news sees significant investments in technology and energy sectors alongside developments in other markets. Prysmian saw a notable uptick, with shares increasing by 4% amid broader gains in AI-related stocks across Europe. This upward trend followed a report indicating that Samsung Electronics is increasing prices for its memory chips, consequently benefiting suppliers wit...

As of October 1, today’s news is dominated by positive developments for Prysmian alongside relevant updates in the technology and energy sectors. Prysmian has received an upgrade from Banca Akros, raising the recommendation to accumulate from neutral and setting a target price of 138 euros. Additionally, Barclays has also revised its target price for Prysmian from 164 euros to 167 euros. In antici...

As of September 30, today’s news highlights developments in European manufacturing policies and energy investments amid ongoing geopolitical tensions. The EU’s Industrial Accelerator Act aims to revive manufacturing, but critics warn against spending on sectors where Europe has already lost ground, Repubblica reported. Instead, policy should focus on areas where Europe retains a technological edge...

As of September 29, today’s news is dominated by Prysmian's strong strategic focus on innovation and significant investments in North America, extraordinary Shareholders’ Meeting, alongside ongoing discussions in Europe about energy policies and the geopolitical landscape. Prysmian's CEO, Massimo Battaini, spoke at the Italian Energy Summit, emphasizing the company's commitment to innovation and i...