Prysmian wins major Greek grid deal, shares steady on Milan
23.06.2026 - 12:45:22 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 12:43.
Prysmian (IT0004176001) has secured a EUR910 million contract to deliver grid interconnections for Greek islands, according to MT Newswires citing company information on June 23, 2026. The cable maker’s shares trade in Milan and recently closed at about EUR154.70 on Borsa Italiana.
New Mediterranean grid projects
MT Newswires reports that Prysmian won the EUR910 million Greek contract to supply submarine power cables connecting islands to the mainland grid, expanding its footprint in the Eastern Mediterranean. The deal adds meaningfully to the company’s project backlog in the high-voltage submarine segment.
In a separate development, Prysmian will build cables for the Italy-Tunisia ELMED interconnector at its Arco Felice plant near Naples, as Investing.com notes. The Italy-Tunisia contract is estimated at around EUR460 million and was awarded in September last year, with the value booked into Prysmian’s order backlog.
Analyst focus on earnings and backlog
MarketScreener data on Prysmian shows the shares recently around EUR154 to EUR155, with an average target price above the current quote, reflecting constructive analyst sentiment on earnings and backlog support. The new Mediterranean projects strengthen visibility on medium-term revenue from transmission infrastructure.
For context, Prysmian operates in the European utilities and infrastructure peer group alongside names such as Nexans and NKT, which also focus on subsea and high-voltage cable projects. These long-dated contracts tend to underpin multi-year cash flow and can support dividend capacity when execution stays on track.
All news and analysis on the Prysmian shares
Further updates on Prysmian’s contracts, earnings and Milan share price performance can be found in the dedicated topic section and on the company’s investor relations page.
The cables behind the stock
Prysmian generates most of its revenue from energy and telecom cables, with high-voltage submarine links as a core line. Representative products include long-distance subsea power cables for projects such as the ELMED Italy-Tunisia interconnector manufactured at Arco Felice.
Where the shares trade today
The Prysmian shares (IT0004176001) trade on Borsa Italiana, with the last reported close at 154.70 euros on June 23, 2026, according to MarketScreener.
Prysmian at a glance
- Company: Prysmian S.p.A.
- ISIN: IT0004176001
- WKN: A0JNZ8
- Ticker: PRY
- Trading venue: Borsa Italiana (Milan)
- Price (as of 2026-06-23, 12:43): 154.70 EUR
- Market cap: around 41 billion EUR (as of 2026-06-23)
- Sector / industry: Electrical equipment / cables and wires
- Index membership: FTSE MIB
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities.
