Prysmian Texas Expansion Tests High Valuation And Strong Share Momentum [Yahoo! Finance]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Yahoo! Finance
Prysmian has opened a new Copper Building Wire Plant in McKinney, Texas. The company has also expanded its McKinney Service Center, which it states is now the largest in the industry. These developments are part of a broader build out of Prysmian's manufacturing footprint in the United States. Prysmian, listed as BIT:PRY, is drawing attention after this latest capacity build in Texas, adding to its US manufacturing presence. The move comes with the shares at €121.0, after returns of 4.7% over the past week, 23.4% over the past month and 34.6% year to date. Over longer periods, the stock has delivered 174.3% over 1 year, 233.5% over 3 years and 392.0% over 5 years. For investors watching the power and communications cable space, the enlarged McKinney footprint could be relevant when considering how Prysmian is positioning its operations in a key market. The scale of this plant and service center may influence how the company serves US customers and manages demand for copper bu
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- Prysmian's Greener Cables Raise Questions On Valuation And Future Margins [Yahoo! Finance]Yahoo! Finance