Prysmian Daily News Update

As of September 30, today’s news is dominated by Prysmian’s lead role in a major UK interconnector project, alongside developments in copper supply and company movements in various sectors. Britain's power transmission owners SP Transmission and National Grid Electricity Transmission have selected Prysmian as the preferred bidder for a proposed link between England and Scotland. The 2 billion euro...

As of September 29, today’s news is led by Banca Akros’ upgrade on Prysmian and renewed pressure from Japan’s offshore wind industry for policy support. Banca Akros has raised its target price on Prysmian from 75 euros to 90 euros, while confirming its “accumulate” rating. The broker revised estimates upward to reflect the positive impact of U.S. copper tariffs and stronger prospects in the Digita...

As of September 26, today's news is dominated by Prysmian’s significant contract win and Goldman Sachs reaffirming its “buy” rating on the company. Prysmian has been awarded the tender launched by Terna and STEG, the Tunisian electricity grid operator, for the construction of the submarine power interconnection between Italy and Tunisia under the Elmed Project. The contract, which initially provid...

As of September 25, today’s news highlights significant developments in the energy and automotive sectors, alongside notable corporate moves and regulatory discussions. In a major corporate update, Saipem received approval from its shareholders for a merger with Norwegian contractor Subsea7, which will create an offshore energy services leader named Saipem7. The combined entity will boast an impre...

As of September 24, today’s news highlights a significant partnership announcement from Alibaba and extensive developments in energy investments across Europe and the U.S. Alibaba announced today a partnership with Nvidia, global data center expansion plans and new artificial intelligence products, as it positions AI as a core business priority alongside its traditional e-commerce operation. The a...

As of September 23, today’s news features developments in renewable energy projects, artificial intelligence partnerships, and market fluctuations. Shares in Orsted rose as much as 12% in early trade today after a U.S. federal judge ruled that it can resume work on the almost completed Revolution Wind project halted by U.S. President Donald Trump's administration last month. The ruling is a legal...

As of September 22, today’s news sees developments in energy projects and strategic material acquisitions, alongside significant corporate shifts and geopolitical negotiations. The U.S. Defense Logistics Agency is seeking to buy scandium oxide worth up to 40 million dollars over the next five years from a unit of mining giant Rio Tinto to secure supplies of the critical material for addition to th...

As of September 19, today’s news features developments in clean energy, market dynamics in metals, and U.S. legislative activities. Texas and California are driving U.S. clean power supplies to record highs so far in 2025, and are building a widening lead over the rest of the country in terms of the share of total power generated from clean energy sources. Combined clean power output from the main...

As of September 18, today’s news highlights strong financial developments for Prysmian, alongside market movements and geopolitical shifts. Prysmian's stock closed at an all-time high of 81.28 euros, reflecting a gain of 2.5%, and the company achieved a market capitalization of 24.09 billion euros. The result could be partly due to JPMorgan, which raised its December 2026 price target on Prysmian...

As of September 17, today’s news sees China’s push to strengthen its domestic chip industry and a major vehicle recall by Stellantis in the United States. China Unicom has built a massive data centre powered by domestically developed artificial intelligence chips from Alibaba and other companies, state broadcaster CCTV said, as Beijing seeks to wean itself off foreign technologies. The news comes...

As of September 16, today’s news highlights significant developments involving Prysmian as it completed its divestment from YOFC, as well as market movements and geopolitical events. Prysmian, through its fully owned subsidiary Draka, has agreed to sell all its remaining H shares of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), representing about 5% of the capital, at a price...

As of September 15, today’s news features relevant updates in the energy and technology sectors, particularly focusing on NKT and Tesla. NKT confirmed as the preferred bidder for the offshore high-voltage direct current interconnector, Eastern Green Link 3, by the joint venture between SSEN Transmission and National Grid Electricity Transmission. The parties are now proceeding with negotiations wi...

As of September 12, today’s news highlights a fresh round of target price upgrades for Prysmian and the European Commission’s decision to accelerate its review of the 2035 zero-emission target for cars and vans, amid broader economic trends. Prysmian secured a third target price upgrade in as many days, following increases from Bank of America and JP Morgan, with Citi now joining the list. Citi ha...

As of September 11, today’s news sees JP Morgan’s upgrade of Prysmian’s target price and relevant developments in corporate valuations and energy strategies. JP Morgan has raised Prysmian’s target price to 86 euros from 82 euros. Meanwhile, Stellantis shares rise as much as 8.6% in Milan after upbeat comments by Chief Executive Officer Antonio Filosa on dealer inventory levels and the company’s ta...

As of September 10, today’s news features Bank of America’s upgrade of Prysmian’s target price, market dynamics in energy and commodities, and broader geopolitical scenarios. Bank of America has raised Prysmian’s target price from 77 euros to 91 euros, confirming a “buy” rating. Analysts see “significant positive impacts” on the group’s margins from the introduction of U.S. tariffs on aluminum and...

As of September 9, today’s news sees HSBC’s upgrade of Prysmian’s target price and significant corporate moves in the mining sector, alongside geopolitical developments. HSBC has raised Prysmian’s target price to 87 euros from 74 euros, while maintaining a “buy” rating on the stock. Analysts at HSBC cited a forecasted rebound in investments towards digital solutions, which is expected to drive sub...

As of September 8, today’s news highlights setbacks for the U.S. solar industry and a key court ruling in a corporate liability dispute. The U.S. solar industry is at risk of installing 27% less capacity between 2026 and 2030 than before the passage of President Donald Trump's tax law that rolled back subsidies for such projects. The forecast by the Solar Energy Industries Association, the industr...

As of September 5, today’s news features developments in energy and infrastructure sectors, as well as shifts in international relations and market trends. The London Stock Exchange Group has ceded exclusive rights to the rooftop of its data centre building to allow fair access to rivals, following a British probe into whether the arrangement restricted competition for high-speed trading services....

As of September 4, today’s news sees shifts in U.S. energy strategies and impactful legal and market movements reflecting broader economic trends. Ørsted has taken legal action against President Donald Trump’s administration in an effort to restart work on a nearly completed offshore wind project halted by the US government last month. The troubled Danish renewable energy company is seeking a cour...

As of September 3, today’s news is dominated by significant developments in the optical fiber and tech sectors. China has announced new anti-dumping duties of 37.9% on specific optical fibers imported from the U.S., including Corning. Meanwhile, Google avoided harsh antitrust penalties for its conduct in the U.S. search market, with a judge barring the company from entering into exclusive deals bu...

As of September 2, today’s news features energy production trends in India and corporate developments in the infrastructure sector. In a notable development, India's power generation surged in August, recording a 4% increase, which marks the fastest pace of growth in five months. This uptick is attributed to a rebound in manufacturing activity amid rising demand, daily analysis of Grid India data...

As of September 1, today’s news sees developments in the cable sector, particularly involving Prysmian, and global trends in energy. Prysmian, through its fully owned subsidiary Draka, announced its agreement to sell approximately 5% of its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company (Yofc) for 45.25 Hong Kong dollars per share, translating to around 1.7 billion Hong Kong...

As of August 7, today’s news features Prysmian reaching a historic high in its stock price and relevant developments in global trade dynamics following tariff changes imposed by the U.S. Prysmian has achieved a new all-time high, trading at 73.98 euros per share shortly after the opening of Wall Street, marking a 4.4% increase close to the end of European trading. This surge is also attributed to...

As of August 6, today’s news sees relevant developments for Prysmian, including increased target prices from Jefferies and Deutsche Bank, along with an upgrade in ESG ratings. Prysmian has garnered positive attention from financial analysts, with Jefferies raising its target price from 72 euros to 84 euros, while Deutsche Bank increased its target from 69 euros to 78 euros. Moreover, Prysmian has...

As of August 5, today’s news focuses on trade relations between the European Union and the United States, alongside developments in Europe's energy sector. An EU official has expressed anticipation of ongoing turbulence in trade relations with the U.S., despite optimism regarding a framework deal that caps tariffs on European exports at 15%. With new tariff rates about to take effect, the EU is aw...