Streetbeat News

PRYMF

Prysmian S.p.A

https://www.prysmiangroup.com/it/

CEO

Valerio Battista

Industry

Optical Instrument and Lens Manufacturing

Open

65.85

Mkt cap

18B

Volume

100

High

65.85

P/E Ratio

31.94

52-wk high

76.50

Low

62.93

Div yield

0.01

52-wk low

37.45

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

The clean energy sector is poised for growth in 2024, with three under-the-radar stocks—Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI), TPI Composites Inc (TPIC), and Prysmian Group SpA (PRYMF, PRYMY)—showing strong upside potential. These companies are well-positioned to benefit from favorable market conditions and strategic initiatives.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 1:33 pm

Encore Wire Corporation (NASDAQ:WIRE) has agreed to be acquired by Prysmian S.P.A. (OTC:PRYMF) for $290.00 per share in cash, a premium of around 20% to the 30-day VWAP and 29% to the 90-day VWAP as of April 12, 2024. The deal, valued at approximately €3.9 billion, represents multiples of 8.2x and 6.3x EV/2023A EBITDA, with and without run-rate synergies, respectively. The acquisition, expected to close in the second half of 2024, is anticipated to generate €140 million in EBITDA synergies within four years. Investors can gain exposure to Encore Wire through ETFs like MVPA and ZIG.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 11:22 am

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