Prysmian: Momentum Confirmed, And Buy Reiterated
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Mare Evidence Lab5.91K FollowersFollow5ShareSavePlay(8min)CommentsSummaryPrysmian delivered record Q3 results, with 9.2% organic growth and a 14.8% adj. EBITDA margin, reinforcing its strong execution.Transmission segment guidance was raised to a ~20.5% EBITDA margin by 2028. There is a structural upside to Data Centers.Expanding Encore Wire's industrial capacity will drive share gains and margin expansion.The post-results share weakness appears driven by near-term high expectations rather than fundamentals, offering an opportunity to increase exposure. Rost-9D/iStock via Getty Images We revisit Prysmian (PRYMF) (PRYMY) and note that, despite its strong year-to-date performance, we continue to see further upside potential. This was previously discussed in our note titled “Strong MomentumThis article was written byMare Evidence Lab5.91K FollowersFollowBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.Analyst’s Disclosure:I/we have a beneficial long position in the shares of PRYMF, PRYMY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.