Prysmian Daily News Update

As of December 9, today’s news sees developments regarding the Great Sea Interconnector project involving Nexans and ongoing trends in the energy sector. Nexans is at the forefront of the news as it has reaffirmed its commitment to execute the Great Sea Interconnector project, despite reports suggesting a freeze in its progress. The company stated it continues to operate in line with contractual o...

As of December 8, today’s news is dominated by European CEOs expressing pessimism about local economic prospects while favoring U.S. investments, alongside significant developments in the energy and automotive sectors. Chief executives of large European companies are downbeat on Europe's economic prospects, albeit less so than six months ago, and have become more bullish about investing in the U.S...

As of December 5, today's news sees developments surrounding Prysmian, which saw a positive assessment from Bank of America, and market updates on copper. Bank of America has reaffirmed its “buy” rating on Prysmian, lifting its target price to 100 euros from 92 euros. The bank highlighted the group’s strong growth outlook in the transmission business and said tariff-driven benefits tied to electri...

As of December 4, today’s news sees Prysmian's positive market performance also following an upgrade from J.P. Morgan, insights into the UK’s significant energy infrastructure investment, and broader discussions surrounding global trade dynamics. JPMorgan has raised its price target on Prysmian from 93 euros to 101 euros, while reiterating its overweight rating. Meawhile, Europe should establish a...

As of December 3, today’s news features relevant discussions on subsea cable security and energy policy. During the Space&Underwater conference, Davide Taddei, Submarine Telecom Business Director at Prysmian, said that subsea cable security is considered a key competitive advantage. He explained that clients now look for solutions that keep strategic digital and energy assets secure and efficient,...

As of December 2, today’s news sees Prysmian receiving the prestigious Transatlantic Award 2025 for its investment in Encore Wire, along with market fluctuations and geopolitical developments. Prysmian has received the prestigious Transatlantic Award 2025 for its 245 million euros investment aimed at expanding the production capacity of the Encore Wire site in Texas. The award was presented during...

As of December 1, today’s news is dominated by Prysmian's significant financing for energy transition initiatives alongside various developments impacting the market landscape. The European Investment Bank has approved a new 300 million euros financing package for Prysmian to support its European research and development activities for the 2025–2028 period, accelerating the adoption of new solutio...

As of November 28, today’s news is dominated by a significant outage at the CME Group, causing trading disruptions across global markets, and ongoing developments in various sectors including telecom, mining, and international relations. CME experienced a major outage that halted trading in futures and indexes globally, following a cooling issue at its data centers. This disruption, which began la...

As of November 27, today’s news features tighter scrutiny on Europe’s carbon border rules and fresh signals from China that could reshape supply dynamics in the metals market. Amendments aimed at closing loopholes allowing companies to circumvent the European Union's new carbon border tariff on their aluminium cannot realistically be implemented before 2028, the CEO of Norsk Hydro said today. The...

As of November 25, today’s news sees leadership changes in key industrial players, updates on energy investments, and relevant developments in the AI sector. Nexans announced today the appointment of Vincent Piquet as CFO, effective 19-Jan-26. He will join the Nexans Executive Committee and will be based in Paris. Turning to energy markets, noteworthy developments emerged from Egypt, where Preside...

As of November 24, today’s news highlights relevant developments in corporate mergers and acquisitions, particularly in the mining sector, as well as advances in artificial intelligence and geopolitical affairs. BHP today abandoned a last-ditch effort to buy rival Anglo American and bolster its dominance in copper, just two weeks before Anglo and Teck Resources' shareholders were set to vote on a...

As of November 21, today’s news sees market fluctuations influenced by both tech stocks and concerns over metals supply. Prysmian experienced a decline, with shares dropping 4.6% as the broader European market reacted negatively to increased valuations in the tech sector and uncertain U.S. monetary policy. In the commodities sector, European manufacturers warned of potential copper shortages due t...

As of November 20, today’s news features sharp market reactions in the cable manufacturing sector and renewed momentum in the AI industry. NKT falls as much as 3.9%, the most since September and trimming some of Wednesday’s 17% surge, after Kepler Cheuvreux cut its recommendation to reduce from hold. The analyst notes that the shares are currently trading at a “significant” premium to peers such a...

As of November 19, today’s news sees geopolitical developments around a potential U.S.-brokered Ukraine peace plan and the resulting market reactions across European industrial and defense stocks. According with two people familiar with the matter, Washington is urging Kyiv to accept a U.S.-drafted peace framework that would involve territorial concessions and a smaller army, while a Politico repo...

As of November 18, today’s news is dominated by significant developments in the aluminium sector and influential moves within the technology landscape, particularly focusing on investment in artificial intelligence. The European Commission plans to restrict EU exports of scrap aluminium, to stop the metal flooding out of the bloc and leaving its industry short of an input required to decarbonise,...

Prysmian’s internal podcast to share strategic insights and discussions with our leadership team. In this episode, Maria Cristina Bifulco, Chief Strategy Officer at Prysmian explores Prysmian’s Q3 performance results and provides guidance on how to engage with this important part of our journey and overall strategic approach.

As of November 17, today’s news sees developments in artificial intelligence investments and international relations. U.S.-based cloud services provider GMI Cloud said today it will build a 500 million dollars artificial intelligence data centre in Taiwan with the support of U.S. chipmaker Nvidia. The data centre will come online by March 2026 and will run on Nvidia’s new Blackwell GB300 chips. Tu...

As of November 14, today’s news sees upgraded financial ambitions from Siemens Energy and rising pricing pressure across the battery materials supply chain. Siemens Energy substantially raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit. The manufacturer sees returns before special item...

As of November 13, today’s news is dominated by advancements in Prysmian’s innovation strategy and significant developments in the global energy and technology sectors. Innovation is at the heart of Prysmian's “Accelerating Growth” strategy. As Prysmian seeks to achieve over 55% of revenues from solutions by 2028, significant ongoing investment and resources are being allocated to unlock solutions...

As of November 12, today’s news features relevant corporate developments and broader economic implications driven by data center expansions and energy market dynamics. AI data centre-fuelled power demand growth in the U.S. is likely to drive a "boom cycle" for energy storage in the next five years as more storage is needed to smooth out fluctuations from wind and solar generation, according to UBS...

As of November 11, today’s news sees developments in the European telecom sector and significant investments in data center infrastructure. European telecom equipment stocks may be in focus as the European Commission explores ways to force European Union member states to phase out Huawei Technologies and ZTE from their networks, according to people familiar with the matter. Wider networking compan...

As of November 10, today’s news sees Prysmian's groundbreaking innovation in optical fibre technology, alongside developments in various industrial sectors and market updates, particularly concerning copper and aluminium prices. Prysmian has introduced the BendBrightXS 160µm single-mode optical fibre, marking a significant advancement in digital connectivity. This fibre is the first of its kind gl...

As of November 7, today's news highlights developments in trade relations, particularly concerning rare earth exports from China and updates on semiconductor supply chains. China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. Meanwhile, semicondu...

As of November 6, today’s news sees developments in energy, market shifts in aluminium, and important political announcements in the U.S. The Trump administration on Thursday unveiled a new list of critical minerals it deems essential to the U.S. economy and national security, adding copper, which is vital to electric vehicles, power grids, and data centers, as well as metallurgical coal, which is...

As of today, news is dominated by significant developments in the renewable energy sector, particularly concerning Orsted, alongside trends in global commodities and technology investments. Orsted, the world’s largest offshore wind farm group, reported a dramatic quarterly net loss of 1.7 billion Danish crowns (approximately 265.5 million euros) due to adverse impacts from former U.S. President Do...