Prysmian SpA (AEU.HA)

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56.24

-1.24

(-2.16%)

At close: March 3 at 5:25:22 PM GMT+1

Prysmian shares hit after cautious outlook while U.S. tariffs loom

Italy's Prysmian on Thursday guided for an increase of its core profit of as much as 22% this year, a forecast some analysts said was conservative while the industry faces potential U.S. tariffs on copper and aluminium. The company, which manufactures cables for energy transmission, power grids and digital systems, said it expected full-year adjusted core earnings (EBITDA) of between 2.25 billion and 2.35 billion euros ($2.35-$2.46 billion) in 2025, up from 1.927 billion euros in 2024. CEO Massimo Battaini downplayed the impact on profitability from potential U.S. tariffs on copper and aluminium, two key materials for cable manufacturing.

Reuters 4 days ago

PRYMY
Hedge Fund Startup That Replaced Analysts With AI Beats the Market

(Bloomberg) -- A hedge fund startup that uses artificial intelligence to do work typically handled by analysts has outperformed the global stock market in its first six months while slashing research costs.Most Read from BloombergCan Portland Turn a Corner?Why American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterCutting Arena Subsidies Can Help Cover Tax Cuts, Think Tank SaysThe Sydney-base

Bloomberg 18 days ago

PRYMY
Global industrial, tech stocks rally on Trump's AI investment push

MILAN/PARIS (Reuters) -Global industrial and technology stocks including Oracle and Schneider Electric rallied on Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push. Trump on Tuesday announced a private-sector investment of up to $500 billion to fund AI infrastructure, sparking interest in stocks that help build the architecture behind the technology. French group Schneider Electric, a major supplier of electrical equipment and other infrastructure behind data centers, soared 3.4% to a new high in Paris.

Reuters last month

PRYMY
Trump halt on offshore wind power leases hits European companies

COPENHAGEN (Reuters) -Shares in European wind power companies fell on Tuesday after U.S. President Donald Trump suspended offshore leasing for wind on his first day in office, adding to pain in an industry that had turned to the U.S. to help revive its fortunes. The global offshore wind industry has struggled to play the role that many governments had envisaged in their plans to reduce carbon emissions. Former President Joe Biden's green investment policy had provided support for the sector.

Reuters last month

PRYMY
Prysmian secures submarine cable projects in France

The cable links will connect two offshore wind farms, Fos and Narbonnaise, to the French transmission grid.

Power Technology 2 months ago

PRYMY
3 Stocks Estimated To Be Up To 26.7% Below Intrinsic Value

As global markets show signs of recovery with major U.S. indexes approaching record highs and economic indicators like jobless claims hitting favorable levels, investors are increasingly on the lookout for opportunities amidst ongoing geopolitical uncertainties. In this environment, identifying undervalued stocks—those trading below their intrinsic value—can offer potential avenues for growth, especially when broad-based gains suggest a supportive climate for strategic investments.

Simply Wall St. 3 months ago

PRYMF

PRYMY

ERIC
TechnipFMC and Prysmian Team Up for Floating Offshore Wind Project

FTI and Prysmian collaborate to take forward the floating offshore wind facility to provide an integrated solution for sustainable energy production.

Zacks 3 months ago

PRYMY

FTI

TALO
TechnipFMC and Prysmian to advance floating offshore wind projects

The partnership seeks to improve project delivery using an integrated engineering, procurement, construction and installation model.

Power Technology 3 months ago

PRYMY

FTI
TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement

NEWCASTLE & HOUSTON & MILAN, November 04, 2024--TechnipFMC (NYSE: FTI) and Prysmian (MILAN: PRY) today announced the two companies have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.

Business Wire 3 months ago

PRYMF

PRYMY

FTI
Prysmian finalises €600m Marinus Link contract in Australia

The project’s cables will span 255km undersea across Bass Strait and 90km underground in Gippsland, Victoria.

Power Technology 6 months ago

PRYMY
Exploring Three Top Value Stocks With Intrinsic Discounts Ranging From 12.3% To 36.7%

As global markets exhibit mixed performances with a notable pivot towards value and small-cap stocks, investors are keenly observing shifts caused by geopolitical tensions and economic policies. In this context, identifying stocks that appear undervalued relative to their intrinsic value could be particularly compelling, offering potential opportunities for discerning investors in the current market environment.

Simply Wall St. 7 months ago

XPO

AMX

AMXOF
Prysmian gains €450m from EIB to boost Europe’s energy infrastructure

The funds will be used to create new production lines for extra-high-voltage submarine cables.

Power Technology 7 months ago

PRYMY
Prysmian concludes acquisition of US cables producer Encore Wire

The company has acquired all outstanding shares of Encore Wire's common stock for $290 per share in cash.

Power Technology 7 months ago

WIRE

PRYMY
Protagonist Therapeutics Set to Join S&P SmallCap 600

Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions.

PR Newswire 8 months ago

PRYMF

PRYMY

PTGX
YIT to expand Prysmian Group’s warehouse facilities in Finland

The contract will see the expansion of four existing buildings and the construction of a new material warehouse.

World Construction Network 8 months ago

PRYMY
Encore Wire, the Prysmian Buyout and Next Picks

Attractive options for cash deployment resulting from the Encore-Prysmian merger

GuruFocus.com 8 months ago

PRYMY

WIRE

ATKR
UPDATE 2-Italy's Prysmian aims to deliver Encore deal benefits faster

Italy's Prysmian aims to reap the benefits from its purchase of Encore Wire faster than initially envisaged, the CEO of the world's biggest cable maker said on Thursday, as it predicted 2024 results at the upper end of its estimates. Milan-based Prysmian last month announced the $4.2 billion acquisition of Encore Wire to expand in its North American profit powerhouse. Chief Executive Massimo Battaini told analysts the process was going well and no major issues were expected.

Reuters 9 months ago

PRYMY

WIRE
UK tribunal gives go ahead for lawsuit against Europe power cable-makers

The £790m lawsuit alleges that European power cable-makers overcharged nearly 30 million British customers.

Power Technology 9 months ago

PRYMY

NEXNY
Prysmian SpA's Dividend Analysis

Prysmian SpA (PRYMY) recently announced a dividend of $0.37 per share, payable on 2024-05-08, with the ex-dividend date set for 2024-04-24. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Prysmian SpA's dividend performance and assess its sustainability.

GuruFocus.com 10 months ago

PRYMY
Cable giant Prysmian to buy Encore Wire in $4.2 billion deal

Italy's Prysmian announced a deal to buy US firm Encore Wire at an 11% premium as it doubles down on a North American market that already powers its profits.

Reuters 10 months ago

PRYMY

WIRE

Performance Overview

Return	AEU.HA	FTSE MIB Index
YTD	-8.88%	+14.28%
1-Year	+23.54%	+18.63%
3-Year	+102.82%	+63.07%

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Prysmian SpA (AEU.HA)

Prysmian shares hit after cautious outlook while U.S. tariffs loom

Hedge Fund Startup That Replaced Analysts With AI Beats the Market

Global industrial, tech stocks rally on Trump's AI investment push

Trump halt on offshore wind power leases hits European companies

Prysmian secures submarine cable projects in France

3 Stocks Estimated To Be Up To 26.7% Below Intrinsic Value

TechnipFMC and Prysmian Team Up for Floating Offshore Wind Project

TechnipFMC and Prysmian to advance floating offshore wind projects

TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement

Prysmian finalises €600m Marinus Link contract in Australia

Exploring Three Top Value Stocks With Intrinsic Discounts Ranging From 12.3% To 36.7%

Prysmian gains €450m from EIB to boost Europe’s energy infrastructure

Prysmian concludes acquisition of US cables producer Encore Wire

Protagonist Therapeutics Set to Join S&P SmallCap 600

YIT to expand Prysmian Group’s warehouse facilities in Finland

Encore Wire, the Prysmian Buyout and Next Picks

UPDATE 2-Italy's Prysmian aims to deliver Encore deal benefits faster

UK tribunal gives go ahead for lawsuit against Europe power cable-makers

Prysmian SpA's Dividend Analysis

Cable giant Prysmian to buy Encore Wire in $4.2 billion deal

Performance Overview