Prysmian Daily News Update

Prysmian S.p.A.
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“Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.

  1. 10H AGO

    Prysmian rallies on tech push as Glencore returns $2bn to shareholders - Feb 18, 2026

    As of February 18, today's news features corporate developments in the energy and materials sectors, with Prysmian among the companies in focus. Prysmian saw a positive market reaction, with shares rising by 2.8% on the back of renewed investments in technology. In broader market news, Glencore will return 2 billion dollars to shareholders despite a dip in annual profits, the miner and commodity trader said today, reporting its 2025 results just weeks after a failed takeover bid from larger rival Rio Tinto. Meanwhile, copper prices saw an increase of approximately 1% today as investors engaged in dip buying amidst thin trading volumes caused by the ongoing Lunar New Year holiday in China. Even as copper inventories in LME-approved warehouses surged to their highest levels in 11 months, concerns about price stability remain due to decreased U.S. consumption rates and rising inventories. Furthermore, Italian energy major Eni is weighing re-entering oil and gas trading as it seeks the outsized returns enjoyed by BP, Shell and TotalEnergies, amid geopolitically-driven price volatility, the Financial Times reported today. In other market updates, U.S. import tariffs haven't been enough to stop the United States losing another aluminium smelter, leaving the country with just five primary metal production plants. Century Aluminum suspended production at its Hawesville smelter in 2022 as energy prices spiked in the wake of Russia's invasion of Ukraine. Lastly, President Trump's administration announced three substantial projects involving Japanese investments totaling 36 billion dollars, which are poised to bolster U.S. energy infrastructure. These include an unprecedented natural gas power plant in Ohio and an oil export facility in Texas, emphasizing Japan's commitment to strengthening its energy partnership with the U.S.

    2 min

  2. 1D AGO

    Prysmian seen at top-end Ebitda as NKT locks in €6bn copper deal - Feb 17, 2026

    As of February 17, today’s news highights analyst updates concerning Prysmian, alongside NKT’s renewal of a major long-term copper supply agreement. Bloomberg Intelligence said that Prysmian has the potential to deliver 2025 adjusted Ebitda toward the upper-end of its 2.375-2.425 billion euros guidance range, led by the double-digit growth scope of its Transmission business, lasting strength in data-center demand and Channell's 3Q sales run-rate trending 50-60% above the level before its acquisition. Meanwhile, Prysmian cut to hold from buy at Berenberg, which says the European cables supplier’s upwards rerating combined with what the bank sees as ambitious medium-term consensus, leaves little room for upside. Furthermore, NKT has renewed its long-term copper supply 6 billion euros agreement with leading European mining and smelting company KGHM. The renewed contract secures a stable supply of European-produced copper for NKT's power cable manufacturing over the next decade, ensuring long-term availability through to 2036. Turning to market updates, gains in market share from potential tariff changes on copper wire in the U.S. add further potential for growth, although initial guidance for 2026 offers little additional upside. Meanwhile, BHP reported a notable increase in profits, largely driven by a surge in copper prices, as demand from AI-related applications continues to grow. The mining giant's strong financial performance, including a 22% increase in underlying profit, helped its shares climb to an all-time high, despite declining iron ore prices. On the copper market, prices have recently fallen as inventories reached an 11-month high, influenced by low trading volumes during the Chinese Lunar New Year. Market analysts note that uncertainties regarding supply and geopolitical factors continue to play a role in pricing dynamics. From the international front, indirect U.S.-Iran nuclear negotiations in Geneva progressed with both sides reaching an understanding on significant guiding principles, although no immediate deal seems forthcoming. Meanwhile, tensions remain as Iran conducts military drills near strategic shipping routes, which could affect global oil trade.

    3 min

  3. 2D AGO

    Prysmian backed by Enedis deal as copper slips and wind woes weigh on Siemens Energy - Feb 16, 2026

    As of February 16, today’s news sees developments in the energy sector and strategic corporate actions, surrounding Prysmian and competitors within the telecommunications and energy infrastructure markets. Equita Sim has reiterated its hold recommendation on Prysmian and confirmed its 96 euros target price. Analysts noted that Prysmian's framework agreement with Enedis enhances its positioning in the medium-voltage cable market in France. Meanwhile, copper prices softened today due to a firmer dollar and as the market focused on rising inventories and weak demand prospects in holiday-thinned trading volumes. On the corporate side, Siemens Energy's shareholders have expressed that addressing the profitability of its struggling wind turbine division should take precedence over considering a spin-off. The ongoing debate reflects broader market concerns regarding operational efficiency and upcoming strategic decisions. Turning to broader market dynamics, renewable energy continues to be a focal point, with New Zealand's Contact Energy announcing plans to raise about 317 million dollars through a mix of institutional and retail equity offerings. The funds will support various renewable initiatives, including drilling at the Tauhara 2 geothermal project and advancements in solar developments. This proactive approach aligns with Contact’s strategy to bolster its renewable generation capacity, which is already over 80% in New Zealand. In the international landscape, the climate crisis remains pressing, as recent datasets reveal that the world is warming at an accelerating pace since the Paris Agreement was enacted. Key indicators, including ocean temperatures and sea levels, indicate that the objectives set to mitigate climate impacts are increasingly at risk. Meanwhile, challenges for the Indian solar market are mounting, as barriers in financing and state support hinder the government's ambitious rooftop solar installation targets, possibly perpetuating reliance on coal-fired power. Despite substantial government subsidies and increasing installation rates, delays in loan approvals and state-level hesitance could thwart progress toward reaching 500 gigawatts of clean energy capacity by 2030. Finally, technology firms are facing a reckoning as significant valuations are under scrutiny amid fears that heavy investments in artificial intelligence may not deliver anticipated returns. This shift has notably impacted major firms like Microsoft, which has witnessed significant declines in market value.

    3 min

  4. 5D AGO

    Prysmian seals €550m Enedis deal as US aluminium tariffs shake markets - Feb 13, 2026

    As of Febraury 13, today’s news is dominated by Prysmian’s major supply agreement with Enedis and fresh developments around U.S. tariffs on aluminium, with knock-on effects on market pricing and trade flows. Prysmian has signed a contract worth up to 550 million euros to become the supplier of the full range of medium-voltage cables for Enedis, over a seven-year period (2026-2032), which includes three optional years, the company said in a statement. Prysmian has been a long-term partner to Enedis, and the signature reinforces French manufacturing excellence as Prysmian commits to supply cables from its Gron (Yonne) and Montereau-Fault-Yonne (Seine-et-Marne) sites. Meanwhile, the U.S. aluminium market experienced fluctuations following reports by the Financial Times about potential tariff reductions. Price reactions were characterized by a dip to a one-week low before partially recovering as the market digested the possible impact of these changes on trade flows and pricing. Market analysts indicated that while a reduction in tariffs on derivative aluminium products might not significantly affect global prices, a rollback on primary aluminium tariffs could lead to broader consequences for aluminum markets. From the international front, France is set to enhance its decarbonized electricity production by 20% over the next decade, driven by nuclear and renewable energy sources. Finance Minister Roland Lescure emphasized the government’s commitment to developing electrification plans, which aim to significantly boost electricity generation while moving away from fossil fuels. The new energy planning law targets to produce 585 terawatt-hours of decarbonized electricity by 2030, an ambitious goal reflecting the nation's shift toward sustainable energy. In the U.S., PJM Interconnection's proposal aimed at managing the growing energy demands of data centers could lead to increased collaborations between data center operators and independent power producers. As electricity demand climbs, driven partly by advancements in artificial intelligence, new power supply deals are anticipated to become increasingly crucial to ensure grid stability. Finally, Stellantis is quietly resurrecting diesel versions of at least seven car and passenger van models across Europe as it retreats from electric vehicles, according to a review of dealer websites and company statements to Reuters.

    3 min

  5. 6D AGO

    France trims renewables, revives nuclear as climate rollback rattles markets - Feb 12, 2026

    As of February 12, today’s news highlights significant developments in energy policy, particularly relating to France's revised renewable energy plans, alongside corporate shifts in various sectors. In a change to its energy strategy, France trimmed its planned installation of total wind and solar capacity up to 2035 by as much as a fifth, under a new 10-year energy planning law (PPE) announced by the finance minister today, as electricity demand growth was set to slow. The law also reverses a previous legal mandate to shut down 14 nuclear reactors. Meanwhile, in a significant environmental development, the EU has witnessed a decline in utility stocks, driven by a sharp drop in carbon allowances, as German Chancellor Friedrich Merz suggested a possible softening of the EU's carbon market regulations. Among other market shifts, Fincantieri is pivoting towards military shipbuilding, planning to invest approximately 1.9 billion euros by 2030. The company will enhance its production capacity in Italy while reallocating other production to Romania and Vietnam, signaling a strategic focus on defense at a time of increased global tensions. Siemens has raised its profit outlook for 2026 on the back of a strong demand surge for AI-driven data center infrastructure, resulting in a notable rise in its stock prices. In contrast, Iveco reported a 28% decline in its adjusted operating profit, beset by weaker demand in the European truck market and production delays. On the international front, the Pentagon's policy chief has called for NATO to evolve into a partnership model rather than one of dependency, amid ongoing discussions about the organization's future and U.S. involvement. Finally, the administration of President Donald Trump today plans to announce the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations. The move represents the most sweeping climate change policy rollback by the administration to date, after a string of regulatory cuts and other moves intended to unfetter fossil fuel development and stymie the rollout of clean energy.

    3 min

  6. FEB 11

    AI boom fuels energy profits and metals surge - Feb 11, 2026

    As of February 11, today’s news features developments in the energy and metals markets, with a focus on the evolving demand driven by artificial intelligence and geopolitical dynamics surrounding critical minerals. Siemens Energy has experienced nearly a tripling of net profit in the first three months of its fiscal year, fueled by a surge in demand for gas turbines and grid infrastructure related to AI initiatives. As major tech firms planned to invest approximately 600 billion dollars in AI by 2026, Siemens Energy's market value soared to 137 billion euros, marking a 5.2% increase in share prices and hitting a new record. Meanwhile, CME Group is reportedly planning to launch the first-ever futures contract in rare earths, aiming to offer a hedge against the fluctuations of this critical sector dominated by Chinese supply. This move is crucial for diverse stakeholders, including governments and manufacturers, as major elements like neodymium and praseodymium are vital in the energy transition and technology sectors. Turning to market dynamics, Voestalpine reported a narrow miss in its core profit expectations for the first nine months, impacted by an ongoing industrial downturn in Europe and weaknesses in the automotive sector. Despite solid performance in niche markets and planned emissions-cutting investments, generational uncertainties in demand are causing concern among investors regarding the company's broader economic resilience. In energy scenarios, Europe's natural gas demand may grow due to significantly low snow cover affecting hydropower generation in Italy and Austria. With local utilities relying more on gas-fired power to compensate for this shortfall, gas output has already increased markedly compared to last year. Should this trend continue, it could tighten regional gas inventories further, presenting lucrative opportunities for major LNG exporters. Furthermore, industry leaders are also urging the European Union to reduce energy prices, emphasizing the urgent need for competitive pricing similar to that in the U.S. and China. As discussions approach EU leadership meetings, the calls reflect a growing concern for economic viability in an increasingly competitive global landscape. Nickel prices have surged in connection with a reduced output quota from Indonesia's leading nickel mine, illustrating a broader recovery in base metals as global demand remains robust. Meanwhile, other metals such as copper and aluminum are experiencing positive momentum, further driven by favorable market conditions as the dollar weakens. On the international front, the U.S. has initiated "Project Vault," a strategic 12 billion dollars stockpile plan for critical minerals, reflecting a growing multilateral approach to mitigate dependency on China amid rising technological demands. This shift promotes collaborations and agreements with various nations for sourcing essential resources.

    3 min

  7. FEB 10

    Prysmian closes ACSM deal as grids go underwater - Feb 10, 2026

    As of February 10, today’s news is dominated by advancements in energy infrastructure, particularly in Spain, where Prysmian has completed a significant acquisition. Prysmian has completed the acquisition of ACSM, a leader in solutions for submarine installation, route planning and seabed preparation activities, as communicated in January 2026. With the closing complete, ACSM will be fully consolidated into the Prysmian perimeter for financial reporting as of February 2026, the company said in a statement. In related energy developments, Spain’s power grid operator, Red Electrica de España, announced the completion of a subsea electricity interconnection linking the Canary Islands of Tenerife and La Gomera. This project, which included a 36-kilometre double-circuit cable at 66 kV and new substations, represents an investment of about 145 million euros. The interconnection aims to enhance supply security and facilitate a greater integration of renewable energy, allowing La Gomera to export surplus electricity to Tenerife, thereby contributing to lower greenhouse gas emissions. Turning to market updates, copper prices are experiencing downward pressure amid rising inventories and subdued trading as traders in China prepare for the Lunar New Year. On the London Metal Exchange, copper dipped 0.8%, with demand slowing as pre-holiday buying winds down. Analysts noted a notable 12.3% drop in China’s fourth-quarter copper consumption year-on-year but projected a 4% increase in overall demand for 2025. Meanwhile, in the oil sector, BP announced the suspension of its share buyback program while absorbing approximately 4 billion dollars in charges related to its renewables and biogas assets. The decision, attributed to an incoming CEO and a focus on reducing debt, led to a decline in BP’s shares by over 4%. In broader global scenarios, Australia’s wholesale electricity prices have fallen to their lowest in four years, demonstrating the potential for a renewables-focused energy system to lower consumer costs. This shift supports the idea that overhauls in power infrastructure can provide tangible economic benefits. From the international front, tensions remain between the U.S. and Europe. French President Emmanuel Macron has urged the EU to prepare for renewed friction with the U.S. and to consider the current geopolitical climate a critical moment to push for necessary reforms, enhancing the bloc's global standing. Lastly, Iran is gearing up for renewed discussions with the United States, facilitated by Oman, as both parties aim for a diplomatic resolution ahead of potential military escalations in the region. The visit signals a cautious optimism for ongoing negotiations that could prevent further conflict.

    3 min

  8. FEB 9

    Prysmian eyes subsea telecoms in the AI era - Feb 9, 2026

    As of February 9, today’s news sees Prysmian's strategic developments and market assessments, alongside broader market dynamics impacting technology and critical minerals. Prysmian is now aiming to strengthen its position in submarine telecommunications, the second pillar of its Transmission business. As reported by Corriere della Sera today, leveraging its well-established expertise, the group plans to capitalize on growth driven by data centers and artificial intelligence to become a global player in subsea telecoms as well. Meanwhile, Deutsche Bank moved its recommendation from “Buy” to “Hold” and raised its target price on Prysmian to 100 euros from 97 euros. Banca Akros has confirmed its “Accumulate” rating on Prysmian, maintaining a target price of 93 euros. On the broader market front, the U.S. is intensifying its efforts to secure critical minerals in Africa, utilizing offtake deals to compete with China in securing copper and cobalt supplies, especially from the Democratic Republic of Congo. This shift highlights the global prioritization of resource acquisition for future technologies, including electric vehicles and renewable energy systems. In technology markets, concerns are mounting as stocks related to artificial intelligence have experienced volatility, raising questions about the sustainability of the AI market's growth amid underlying market corrections that have affected software stocks globally. Finally, U.S. Secretary of State Marco Rubio will lead a sizeable U.S. delegation to the Munich Security Conference starting on Friday, underscoring the importance of transatlantic relations despite a "crisis of trust", the head of the forum said.

    2 min
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About

“Daily News Update” is Prysmian’s internal audio bulletin, created to share updates on company developments and industry trends. It covers the most relevant news about Prysmian, our sector, and beyond.

Information

  • Creator
    Prysmian S.p.A.
  • Years Active
    2025 - 2026
  • Episodes
    150
  • Rating
    Clean
  • Copyright
    © Prysmian S.p.A.