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. This content has been produced with the support of generative AI for drafting and voice synthesis. All market information is reviewed, verified and approved by human editors before publication.

  1. 2h ago

    Prysmian posts record Q3, lifts guidance and expands in Texas - 29 October 2026

    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% organic growth. There was growth across all business lines, with positive contributions from Transmission (+23.1%), Power Grid (+7.5%), Industrial & Construction (+14.2%), Specialties (+5.3%) and Digital Solutions (+17.3%). Revenues reached 17,656 million euros in the first nine months of the year, with +9.2% organic growth. Adjusted EBITDA rose to 851 million euros, an increase of 32.1%. This is Prysmian’s best performance in a single quarter. On M&A, Massimo Battaini said the strategy remains unchanged: to build on the company's existing approach by expanding its leadership in highly attractive market segments where it previously had no presence or where its position was not fully satisfactory, in terms of assets, products and customer base. Furthermore, Prysmian approved construction of a second copper rod mill in Texas as booming data-center demand drives expansion of cable-making capacity in the US. The mill will be built at the Italian cable maker’s McKinney site near Dallas and forms part of a more than 700 million euros investment program there. The positive momentum is reflected in the stock, which saw a rise of over 6% in trading. Turning to other market updates, Glencore reported a modest 3% increase in copper production during the first nine months of the year, reaffirming its commitment to reach a production goal of 810,000 to 870,000 tons in 2026. The company continues to focus on growth in the electrification sector, a trend relevant to all major copper producers. On the technology front, Microsoft plans to raise at least 25 billion dollars through its first U.S. investment-grade bond sale in nearly a decade, seeking funds to bolster its AI initiatives. This reflects a broader move among big tech companies to tap into debt markets for financing, with a notable shift in strategy as firms refocus their spending. In international headlines, an oil spill off the UAE coast has raised concerns regarding environmental impacts and effects on local desalination plants, which supply a majority of potable water in the region. This incident highlights the persistent risks posed by geopolitical tensions in the area.

  2. 1d ago

    Prysmian earnings in focus as GE Vernova buys Trench - 28 October 2026

    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 strong long-term demand, particularly in Prysmian’s Electrification and Digital Solutions segments, which could lead to an increased full-year EBITDA guidance. Overall, the market appears optimistic. The news also features GE Vernova's significant acquisition of Trench Group for 9 billion dollars, aimed at enhancing its high-voltage grid equipment capabilities in response to rising demand from data centers and the necessity of updating aging infrastructure. In corporate developments, Stellantis reported improved operating profits due to successful cost-cutting measures, leading to a positive outlook for the upcoming quarters. However, concerns remain regarding its long-term viability after two years of declining sales. Looking at market dynamics, Vertiv Holdings now expects 2026 sales to almost triple since 2021 as it benefits from soaring demand for data center equipment. Meanwhile, Rio Tinto's board has proposed increasing its CEO Simon Trott's target remuneration package by 56% to 13.06 million dollars, according to four people familiar with the matter and documents reviewed by Reuters. From a broader economic standpoint, the Federal Reserve is expected to maintain interest rates as it assesses inflation trends, with a view towards upcoming midterm elections impacting economic policy discussions. In global affairs, Benjamin Netanyahu has garnered substantial support within Israeli politics, positioning himself to continue as caretaker prime minister despite losing a governing majority. In Brazil, Senator Flavio Bolsonaro has sought asylum in the U.S. following electoral defeat, complicating political narratives in South America.

  3. 2d ago

    Corning beats forecasts as European tech stocks rally - 27 October 2026

    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 year to 5.08 billion dollars. This growth was primarily driven by a remarkable 44% increase in sales from its Optical Communications segment, which totaled 2.38 billion dollars, buoyed by substantial demand for enterprise networking and generative AI products. Corning’s management highlighted the importance of long-term agreements with clients such as Verizon and AT&T, which are expected to assist in funding their expansion plans. Meanwhile, European technology stocks rallied on renewed investor enthusiasm surrounding Anthropic’s potential IPO, ahead of major US tech earnings and central bank decisions. Milan’s FTSE MIB gained 0.9%, led by STMicroelectronics (+7.11%), while Prysmian rose 3.3%, alongside Technoprobe (+3.36%). In the energy market, the International Energy Agency warned about the concentration of clean energy supply chains, indicating that only a few countries dominate the production of renewable energy technologies. In Southeast Asia, demand for electricity is rapidly increasing, and the region's dependency on imports of clean energy technology from countries like China raises concerns about energy security as geopolitical tensions linger. As a result of these tensions and rising prices of fossil fuels, there has been a marked increase in the uptake of solar energy and electric vehicles, with significant growth in electric vehicle sales observed globally as consumers seek alternatives amidst soaring fuel costs. Meanwhile, the solar sector is witnessing unprecedented growth as it becomes the most cost-effective source of energy production, leading to volatility in energy prices, and propelling the adoption of battery technologies to store excess energy. With the U.S. expected to install approximately 43 gigawatts of new solar capacity this year, the landscape for energy generation continues to shift dramatically. On the global front, political developments such as Israel's elections and geopolitical tensions in the Middle East also captured attention, with high voter turnout marking a pivotal moment for Prime Minister Benjamin Netanyahu amidst ongoing conflicts.

  4. 3d ago

    Prysmian gains 3.8% on Citi Buy as Terna advances Sicily grid link - 26 October 2026

    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 artificial intelligence and data centers, valuations have returned to a more normalized range. Furthermore, BofA sees upside for Prysmian shares even in 'harsh' AI bear case scenario. In related industry news, Terna has begun the installation of underwater cables for the "Bolano-Annunziata" project, which involves Prysmian supplying and laying the cables to enhance electricity exchange capacity between Sicily and Calabria by up to 2,000 MW. Meanwhile, Anthropic disclosed steep losses and explosive revenue growth today as the Claude parent moved closer to a potentially record-breaking IPO, betting on AI's ability to reshape the global economy. Turning to the broader market, Verizon also announced an AI infrastructure deal exceeding 2 billion dollars with Amazon Web Services, alongside an increase in its annual wireless subscriber forecast. In global scenarios, the European Union is preparing to implement import control measures on various products from China by early 2027. This strategy aims to address a substantial trade deficit and protect local industries while navigating the complex relationship with China. Furthermore, Meta Platforms has outlined plans for a record 95 billion dollars equity raise to fund its AI expansion, raising concerns about the sustainability of valuations in the AI sector. From the international front, Brazil is witnessing political tensions as Senator Flavio Bolsonaro contests election results following Lula's victory, underlining ongoing divisions within the country. Finally, Prime Minister Benjamin Netanyahu boasted of his endorsement from Donald Trump on the eve of Israel's election, suggesting the two leaders could restart their war against Iran if he wins, after Trump said they should "finish the job".

  5. 6d ago

    BofA backs Prysmian as Arco Felice boosts energy security - 23 October 2026

    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 focus on Prysmian's operational contributions, Alessandro Panico, the Transmission Chief Commercial Officer, remarked on the strategic importance of southern Italy's Arco Felice site in producing high-voltage submarine cables. This facility supports global energy security by facilitating interconnections across continents, including critical projects like the HVDC link enhancement for New Zealand's Cook Strait and new connections between Victoria and Tasmania in Australia. Panico emphasized the need for advanced monitoring technologies to ensure the reliability of these infrastructures, particularly as demands from AI-driven data centers continue to grow. Shifting to competitor news, Nexans saw a small uptick in its target price, raised by Barclays to 183 euros from 181 euros, reflecting confidence in its market positioning amidst evolving energy demands. In broader market updates, Bulgaria has emerged as a leader in battery storage solutions within Europe, doubling its capacity to store solar energy due to significant EU investments. This boost in energy storage has enabled Bulgaria to increase power exports during peak demand periods, notably assisting neighboring nations during times of crisis, such as the recent drought affecting Romania’s nuclear power operations. Looking at the ongoing dynamics within the artificial intelligence sector, reported challenges for data center investment underscore volatile market conditions. The struggles of companies like Australia’s NextDC, whose stock fell dramatically, highlight the complexities tied to infrastructure development, including regulatory and planning delays. From a cybersecurity perspective, new vulnerabilities identified by AI are prompting concerns about potential disruptions, as highlighted by industry experts. The identification of numerous flaws has led to urgent fixes across critical software, suggesting an intense period of scrutiny ahead for digital infrastructures. Finally, US first lady Melania Trump has secured a ceasefire between Russia and Ukraine in the Russian-controlled city of Oleshky, which will begin on October 29, the White House today.

  6. Oct 22

    AI fears hit European tech as Nexans falls despite growth - 22 October 2026

    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 STMicroelectronics (-4.98%) are among the hardest hit. Meanwhile Nexans reported a robust 21.4% increase in third-quarter sales, totaling 1.70 billion euros, attributed to heightened demand for grid and data-center infrastructure. The electrification sector drove 1.49 billion euros of this figure. Despite this impressive growth, Nexans shares declined significantly, falling over 6% amid a broader market contraction. Turning to broader market conditions, Asian nations will need approximately 1 trillion dollars per year over the next 15 years to enhance their energy security, according to McKinsey. This forecast underscores the region's pivotal role in global energy demand, driven by developments in data centers and industrial cooling needs. Coal is expected to retain its prominence in the energy mix longer than anticipated, albeit with some slowdown in gas demand as countries focus on renewables. Following recent tensions in the region, Saudi Aramco has instructed employees at its Dhahran headquarters to evacuate amid security concerns. This decision marks a significant precautionary move, as the company faces threats from ongoing conflicts involving the Houthis. Amid the market turmoil, Barclays announced plans to cut 5,000 jobs, citing a shift toward greater use of AI and technology. This could signal a broader trend within the financial services industry to adopt automation, impacting employment levels. On the international stage, Russian officials urged the EU to reconsider its impending gas import bans in light of low storage levels. This comes as the EU grapples with the fallout from its energy sanctions against Russia due to ongoing geopolitical tensions.

  7. Oct 21

    Prysmian rises on AI outlook as Hungary reviews nuclear project - 21 October 2026

    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 discount to European capital-goods peers, despite opportunities across data centers, grid upgrades and replacement. And there are encouraging signals from customers’ markets. ABB and Schneider Electric both reported triple-digit growth in data-center demand. Bloomberg Intelligence sees a positive read-across for Prysmian’s Industrial & Construction business, highlighting a strong historical relationship between its organic sales growth and the electrification businesses of major equipment suppliers. In Milan, Prysmian shares rose 3.88 percent, with Radiocor highlighting the company’s exposure to digital infrastructure and data centers. Turning to broader energy developments, Hungary is contemplating replacing Rosatom as the primary contractor for the expansion of its Paks nuclear power plant, a project that has faced numerous complications and significant costs. The review of the project, initiated by Prime Minister Peter Magyar’s cabinet, aims to evaluate the legal and financial ramifications of such a change. Notably, Hungary seeks to continue leveraging nuclear energy as a stable power source amid rising electricity demands and challenges posed by climate change. This review is particularly pertinent given the existing drought conditions impacting the plant's operation. Meanwhile, the UK government has authorized the Jackdaw gas field in the North Sea, emphasizing the need for energy security while balancing climate commitments. This approval, coming after extensive delays, is aimed at countering high energy costs exacerbated by ongoing geopolitical tensions. The project is expected to boost domestic gas production significantly over its lifespan. In the tech sector, discussions surrounding AI regulations continue to capture attention. OpenAI's president advocates for safety measures in AI while a political group, partially funded by him, actively works against regulatory restrictions. This contradiction raises questions about the tech industry's sincerity in these discussions. On a related note, major vulnerabilities in programming languages have caused significant security concerns, prompting government websites in Europe to go offline as a precaution. From an international perspective, Russian President Vladimir Putin has signaled a willingness to resume peace talks with Ukraine mediated by the United States. These discussions come amidst heightened concerns regarding the US's support for Ukraine and follow significant diplomatic engagements in St. Petersburg. Additionally, Russia is set to send its first diesel cargo to the US, following a controversial deal made with the Trump administration.

  8. Oct 20

    Electrification stocks fall as Schneider's €6bn raise draws bids - 20 October 2026

    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 downturn affecting its peers, such as ABB and Siemens Energy, due to increasing anxiety over AI investments and rising costs associated with the data center infrastructure that many companies rely on. ABB's stock dropped nearly 6% despite reporting record new orders, signaling investor concerns over sustainability in AI-related growth. Amid this backdrop, Elice, a South Korean neocloud firm, experienced a dramatic 32% drop in its stock debut, illustrating investor hesitance regarding AI valuations. Concerns have sparked investor caution across the sector, particularly affecting semiconductor and electrification stocks, which have witnessed a significant pullback. Analysts suggest that rising costs and uncertainty about returns are driving this trend, further evidenced by recent declines in shares of players like ABB and Siemens. Meanwhile, Schneider Electric’s 6 billion euros capital increase was oversubscribed by a mid-single-digit multiple, according to a person familiar with the matter. About 20% of the orders didn’t receive any allocation, said the person, who asked not to be identified discussing private information, Bloomberg reported. Turning to market insights, European companies anticipate a third quarter of strong earnings growth predominantly fueled by energy sector profits and those involved in data center builds. Expectations suggest a 20.7% increase in earnings for the pan-regional STOXX 600, marking a slowdown from previous quarters but still robust. Analysts have been raising forecasts, countering the usual trend of downgrading estimates before reporting periods, which has instilled some optimism about AI spending. In a broader context, cost of living pressures, exacerbated by soaring fuel prices, are stimulating unrest in Europe and empowering far-right political movements ahead of upcoming elections in several countries, including France and Italy. Finally, the US Department of Energy today said it would invest roughly 967 million dollars in additional funding to modernize critical energy infrastructure in a bid to lower surging electricity costs.

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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. This content has been produced with the support of generative AI for drafting and voice synthesis. All market information is reviewed, verified and approved by human editors before publication.

Information

  • Creator
    Prysmian S.p.A.
  • Years Active
    2025 - 2026
  • Episodes
    326
  • Rating
    Clean
  • Copyright
    © Prysmian S.p.A.

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