Prysmian signs €5.5 billion Molex deal in data centre push

Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to €5.5 ​billion ($6.4 billion) with Molex, a Koch-owned electronics ​company, as it stepped up its push into ⁠the fast-growing data centre market.

Reuters • Jul 20, 2026

Koch-Owned Molex Agrees to $6.29 Billion Data-Center Cable Deal With Prysmian

The Italian cable maker said the 10-year agreement to supply Molex was one of a string of new deals with infrastructure providers.

WSJ • Jul 20, 2026

Prysmian: Hyperscaler Capex Keeps The Buy Case Alive Despite A 300% Rally

Prysmian is positioned to benefit from hyperscaler CAPEX growth, with Digital Solutions showing 9% organic growth and EBITDA margins at 20.6%. Management sees upside in earnings, margin expansion, and M&A firepower, supported by strong FCF and de-leveraging below 1x ND/EBITDA by 2026. Despite a higher valuation, we see upside to 2027 estimates. So, we remain buyers.

Seeking Alpha • Jul 10, 2026

Corning Vs. Prysmian: Better Reward Risk In The Optics And Electricity Cable Supplier

Prysmian is rated Buy versus Corning Hold, due to superior risk-adjusted positioning in the AI data center supply chain. GLW offers higher growth and margins, driven by aggressive capex and photonics, but is more exposed to data center demand risk and premium valuation. PRYMY benefits from diversified electrification and fiber optics exposure, lower data center risk, and European revenue, supporting steadier long-term growth.

Seeking Alpha • Jun 10, 2026

Europe's AI stocks shine through gloom of Iran war

A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets ​as the energy shock triggered by the Iran war dampens economic growth.

Reuters • May 22, 2026

Prysmian Announces Petri Paasonen as New North American IT and Digital Vice President

HIGHLAND HEIGHTS, KY / ACCESS Newswire / May 12, 2026 / Prysmian, the world's largest cable and wire manufacturer based in the Cincinnati region, is pleased to announce that Petri Paasonen has transitioned into a new role as North American IT and Digital Vice President, effective May 1, 2026. Paasonen joined Prysmian in February 2000 and, over the past twenty-six years, has taken on increasing responsibility within the IT function.

Accesswire • May 12, 2026

Prysmian explores $4.68 billion M&A as hyperscaler deals near, Bloomberg News reports

Italian cable maker Prysmian is exploring the market for a potential acquisition of about 4 billion ​euros ($4.68 billion) enterprise value, CEO Massimo Battaini ‌told Bloomberg News in an interview published on Tuesday.

Reuters • May 5, 2026

Prysmian Q1 Earnings Review: It Is Time To Trim

Prysmian stands as the world's largest electrical cable manufacturer, leading in submarine cable design, production, and installation. PRYMY's EBITDA is now triple that of its nearest competitor, Nexans, reflecting significant outperformance since its 2007 IPO. Owning the largest and most advanced cable-laying fleet, PRYMY holds a multi-year competitive edge, enabling pricing power amid surging demand from AI and hyperscalers.

Seeking Alpha • Apr 30, 2026

Prysmian S.p.A. (PRYMY) Q1 2026 Earnings Call Transcript

Prysmian S.p.A. (PRYMY) Q1 2026 Earnings Call Transcript

Seeking Alpha • Apr 30, 2026

Prysmian | Encore Wire Unveils New Industry-Leading Plant and 1M Square Foot Service Center

New McKinney facilities combine scale, efficiency, and innovation to deliver among the most advanced wire and cable operations in the industry MCKINNEY, TX / ACCESS Newswire / April 13, 2026 / Prysmian | Encore Wire , a world leader in the energy transition and digital transformation, recently held a ribbon cutting ceremony to officially unveil its new 340,800 square-foot Copper Building Wire Plant and expanded Service Center in McKinney, Texas. Now the largest in the industry at one million square feet, the Service Center enhances the company's ability to deliver high-quality products with speed, precision, and efficiency.

Accesswire • Apr 13, 2026