Prysmian S.p.A. stock (IT0004176001): Jefferies and BofA updates highlight demand for fiber and power cables

Prysmian S.p.A. shares trade near record levels on Borsa Italiana as Jefferies and BofA lift their price targets, citing strong demand for fiber and power transmission cables and potential earnings upgrades in Italy’s cable champion.

Prysmian S.p.A. shares remain in focus on Borsa Italiana as recent analyst actions from Jefferies and BofA Global Research underline robust demand trends for the Italian cable maker’s power and telecom products, while the stock trades close to its 12?month highs in Milan according to Investing.com as of 05/30/2026, underscoring the company’s role in Italy’s FTSE MIB index and broader European infrastructure investment themes.

The stock traded around the mid?EUR 140s on Borsa Italiana (ticker PRY) in late May 2026, with a last close of EUR 149.30 reported by MarketScreener as of 05/27/2026, keeping Prysmian among the stronger performers in Italy’s blue?chip segment as investors position for ongoing grid upgrades and fiber roll?outs in Europe.

As of: 02/02/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Prysmian
• Sector/industry: Cables and cable systems for energy and telecom
• Headquarters/country: Milan, Italy
• Core markets: Europe, North America, Latin America, Asia-Pacific, Middle East and Africa
• Key revenue drivers: High?voltage submarine and underground power transmission projects, medium? and low?voltage energy distribution cables, and optical fiber and copper telecom cables
• Home exchange/listing venue: Borsa Italiana (PRY)
• Trading currency: EUR

The stock traded at 149.30 EUR on 05/27/2026 on Borsa Italiana, according to MarketScreener as of 05/27/2026, reflecting continued investor interest in Italy’s leading cable producer.

In Germany, the shares are also available via Tradegate for euro?denominated investors who prefer domestic trading venues, providing an additional access point next to the primary Milan listing.

Prysmian S.p.A.: core business model

Prysmian operates as a global supplier of energy and telecom cables, generating most of its revenue from power transmission and distribution projects while also serving broadband and data network demand through optical fiber and copper communication products.

Latest quarterly results for Prysmian S.p.A. at a glance

For the latest available reporting period, Prysmian detailed its performance through company investor materials and exchange releases that show how the energy and telecom segments contribute to group results, with power cables typically accounting for the vast majority of sales and telecom cables representing a smaller but strategically important share.

While precise quarterly figures for 2026 are not yet available from primary sources within this review window, earlier financial disclosures and exchange notices confirm that Prysmian continues to report segment data that separates energy projects, high?voltage submarine and underground installations, and telecom activities, giving investors clear visibility into how large infrastructure orders, grid interconnections and fiber deployment cycles influence revenue and profitability across Italy and its global footprint.

Conclusion

Prysmian remains a key Italian industrial name for investors following global energy transition and digital infrastructure themes, with its Milan?listed shares trading near the upper end of their recent range on the back of steady demand for power and telecom cables.

The latest analyst updates and the continued emphasis on large?scale grid and fiber projects keep attention on how future quarterly results will reflect project execution, order intake and margins in both the energy and telecom cable businesses.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.