Eutelsat Shares Show Signs of Recovery

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After a period of significant volatility, shares in the satellite operator Eutelsat are demonstrating a notable technical rebound. This positive movement, observed on Tuesday, is being attributed to operational progress in key markets and a shift in investor sentiment following a challenging period of equity dilution.

The stock advanced to approximately €1.83, decisively breaking through the psychologically significant €1.80 barrier. This upward move was accompanied by rising trading volumes, which market strategists interpret as a signal that the overhang from December's substantial capital increase is finally being absorbed. The data suggests renewed buying interest from institutional investors.

Fundamentally, the company's OneWeb division is providing fresh impetus. A newly announced partnership with Airtel Gabon to deliver internet connectivity to trains on Gabon's railway network serves as a practical demonstration of the capabilities of its Low Earth Orbit (LEO) satellite technology in real-world applications.

This development underscores a deliberate corporate strategy: targeting lucrative business-to-business and government contracts rather than engaging in direct consumer price wars with rivals like Starlink. Eutelsat's focus is increasingly on delivering complex infrastructure solutions in regions with substantial unmet demand, such as Africa.

Financial Foundation Supports Growth Narrative

The current recovery is built upon a financial restructuring completed in December, which raised €1.5 billion. With the most pressing balance sheet concerns now alleviated, investors are beginning to reward the tangible execution of the company's growth plan. The successful integration of OneWeb services into existing partner ecosystems is being viewed as concrete evidence of the promised synergies.

From a technical analysis perspective, the breach of the €1.80 level has markedly improved the chart outlook. A sustained close above this price point is seen as potentially opening a path toward the €2.00 mark as a next target. Following the financial restructuring and recent operational successes, the short-term momentum appears to favor the bulls.