Prysmian Daily News Update

As of August 4, today’s news sees financial updates including a revised target price for Prysmian and notable events in the energy sector. Prysmian received a ratings boost from Citigroup, which raised its target price for the company from 69 euros to 79 euros. In another major corporate news, Tesla has awarded CEO Elon Musk with 96 million new shares valued at approximately 29 billion dollars. Th...

As of August 1, today’s news features Prysmian’s organizational changes and financial updates alongside global market reactions to new U.S. copper tariffs. Prysmian has announced a strategic reorganization to bolster its "Accelerating Growth" strategic plan, effective immediately. Internal appointments have been made, placing Cinzia Farisè in charge of the Electrification business while retaining...

As of July 31, today’s news is dominated by Prysmian's significant financial updates and developments in copper tariffs. Prysmian increased its guidance for the full year 2025 after beating consensus in its first half and second quarter results. Prysmian was able to improve its guidance thanks to the contribution from Channell and from its performance in the first half of the year, it said in a pr...

As of July 30, today’s news features Prysmian's upcoming earnings report and performances from competitors in the cable and manufacturing industry. Prysmian is set to announce its results on July 31, with Blooomberg analysts estimating a net income of approximately 387.6 million euros and revenue at around 9.61 billion euros for the first half of the year. Key revenue expectations include 1.49 bil...

As of July 29, today’s news focuses on discussions surrounding U.S.-EU trade relations and their impact on global energy and corporate sectors. A significant highlight is the skepticism surrounding the European Union's commitment to a 250 billion dollars annual purchase of U.S. energy supplies. Analysts argue that this demand is unrealistic, requiring the redirection of the majority of U.S. energy...

As of July 28, today's news sees developments in the energy sector, particularly involving Prysmian, as well as notable trade discussions between the EU and the United States. Prysmian has secured a framework agreement with Terna worth a potential total of 382.5 million euros, aimed at enhancing the Italian power grid over the next three years, with an optional fourth year. This deal stipulates th...

As of July 25, today’s news focuses on discussions surrounding Federal Reserve leadership and evolving market dynamics, alongside corporate developments in various sectors. Investors are closely monitoring the potential impact of Federal Reserve Chair Jerome Powell's tenure amidst increasing speculation about his future. President Donald Trump has criticized Powell for not reducing U.S. rates swif...

As of July 24, today’s news features Prysmian's stake sale in YOFC, alongside developments in the energy and commodities markets. Prysmian has announced the sale of approximately 5% of its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) for 19.50 Hong Kong dollars per share via its subsidiary Draka Comteq BV, generating around about 79 million euros. This transaction re...

As of July 23, today’s news is dominated by developments in Prysmian’s strategic partnerships, anticipation for increased demand in the construction sector, and ongoing shifts in the energy landscape. Prysmian has made an important stride by investing in Relativity Networks, a provider of innovative hollow-core optical fiber technology, as part of a strategic partnership aimed at scaling productio...

As of July 22, today’s news is dominated by significant developments involving Prysmian's partnerships and projects that underscore the company's commitment to renewable energy advancements. Prysmian has joined the Offshore Renewable Energy Association (Aero), a move that highlights its pivotal role as a leader in energy and telecommunications. Aero's president, Fulvio Mamone Capria, emphasized Pr...

As of July 21, today’s news is dominated by significant developments in the energy sector, particularly centered around market dynamics affecting key players. A notable highlight is an agreement involving Prysmian among other European operators and ACWA Power aimed at establishing a value chain for exports to Europe from Saudi Arabia. The partnership, which also includes firms like Edison and Zher...

As of July 18, today’s news is dominated by developments in the metals market, significant agreements in the energy sector, and heightened tensions around U.S.-China technology exports. Copper prices reached a more than one-week high, supported by increased buying from Chinese traders and optimism surrounding a potential U.S.-China trade deal. Notably, three-month copper on the London Metal Exchan...

As of July 17, today’s news is dominated by positive developments in the electrification sector, reflecting strong demand which could bode well for Prysmian and Nexans. Prysmian, which rose by 4% on the Milan Stock Exchange, is reported to be positioned to benefit from increased demand for medium- and low-voltage electrical cables, sharing in the optimism following ABB’s report of a 9% organic gro...

As of July 16, today’s news is dominated by geopolitical uncertainties affecting various sectors, particularly in technology and energy. ASML, the leading supplier of chip-making equipment, announced that it may not achieve its growth targets for 2026 due to ongoing tariff uncertainties impacting U.S. chipmakers. Shares in ASML dropped by 7.8%, causing a ripple effect among competitors like ASM an...

As of July 15, Prysmian experienced a notable increase in its stock price, rising by 1.9% to 62 euros, spurred by anticipated American investments in artificial intelligence and energy initiatives. UBS has adjusted its target price for Prysmian to 72 euros from 70 euros, maintaining a "buy" rating and projecting solid results for the second quarter with an expected organic growth of approximately...

Today’s news cycle is largely dominated by positive developments for Prysmian. In an interview with The New York Times, CEO Massimo Battaini discussed submarine cables, noting that the company is effectively sold out through 2028, with orders surging to around 17 billion euros. This underscores a major shift in the industry, driven by the growing demand for undersea power cables. In another signif...

As of July 11, Reuters reported that U.S. President Donald Trump’s planned 50% tariffs on copper, announced Wednesday, would also cover semi-finished products used in power grids, the military, and data centers, citing people familiar with the matter. The tariffs, set to start on August 1, aim to support domestic development in industries critical to defense, electronics, and automobiles. The Whit...

Global copper traders are rerouting shipments to China after U.S. President Donald Trump announced a 50% import tariff on copper, effective August 1st. The tariff aims to boost domestic production but has sparked a scramble among exporters, especially in Latin America, to divert cargoes before the deadline. China, the world’s largest copper consumer, is seeing a sharp uptick in offers. Chilean min...

As of July 9, several market fluctuations appear influenced by U.S. copper tariffs, with Prysmian emerging as a potential beneficiary in the sector. Prysmian's shares climbed to their highest point since February, rising up to 4% in Milan after the company indicated it stands to gain from President Trump’s proposed 50% tariff on copper imports. Analysts, notably from Citigroup and Jefferies, have...

As of July 8, significant trade developments unfolded as Asian economies Japan and South Korea urged the U.S. for tariff concessions ahead of looming deadlines while the renewable energy sector faced new regulatory challenges. Prysmian's relevance was underscored today as the looming stricter tax rules for renewable projects in the U.S. cast uncertainty over market sentiment. Clean energy stocks a...

As of July 7, Prysmian received a "Hold" rating from Baptista Research, with a price target of 68.30 euros, suggesting a potential 15% upside from its last price, highlighting a cautious outlook on the stock. Turning to market updates, U.S. Treasury Secretary Scott Bessent indicated that significant trade announcements are expected within 48 hours as the country approaches a crucial tariff deadlin...

As of July 4, major developments range from trade policies to renewable energy initiatives and geopolitical tensions. Some highlights from the news include updates from Prysmian, as Massimo Battaini, CEO, participated in an interview with Sky tg24, reiterating the company’s strategic focus and future endeavors. Additionally, Citigroup has raised its target price for Prysmian shares to 69 euros fro...

Some highlights from the news include Prysmian, which saw its target price raised by Kepler Cheuvreux to 74 euros from 72 euros, reflecting positive investor sentiment towards the company. Meanwhile, in the United States, House Republicans moved closer to a final vote on President Trump's sweeping tax-cut bill, overcoming internal divisions. Democrats, led by top House Democrat Hakeem Jeffries, vo...

A day marked by significant economic and environmental developments unfolds, with attention on key market shifts and legislative battles. Some highlights from the news include Prysmian's positive reception on Wall Street, with Deutsche Bank raising its target price for the company to 69 euros from 67 euros, reflecting confidence in its performance. Similarly, Jefferies has boosted its target for P...

Today's market reflects optimism as expectations shift regarding trade tariffs between Europe and the United States. Some highlights from the news reveal that European stock markets, buoyed by these hopes, saw increases, particularly in Paris, where the index rose 1.2%. Milan's Borsa also showed positive momentum, ending nearly 1% higher, with Prysmian and Ferrari outpacing the gains. Turning to m...