Eutelsat Shares Face Intense Selling Pressure

Eutelsat FR0010221234

Eutelsat shares concluded a punishing week by falling to fresh lows on Friday, closing at €1.61. This represented a weekly decline of 23%, with the session itself seeing a 5% drop. The severe downturn persists despite significant corporate announcements, overshadowed entirely by the dilutive impact of a recent capital increase.

The primary driver of the sell-off remains the recently completed €1.5 billion financing round. Nearly 500 million new shares were issued at a subscription price of €1.35. This discounted price level continues to act as a powerful anchor, stifling any potential for a sustained share price recovery and creating persistent overhang in the market.

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