JPM boosts Prysmian as UK bets big on energy - Dec 4, 2025

As of December 4, today’s news sees Prysmian's positive market performance also following an upgrade from J.P. Morgan, insights into the UK’s significant energy infrastructure investment, and broader discussions surrounding global trade dynamics. JPMorgan has raised its price target on Prysmian from 93 euros to 101 euros, while reiterating its overweight rating. Meawhile, Europe should establish a sovereign fund dedicated to artificial intelligence. The proposal comes from Alessandro Nespoli, Chief Risk & Compliance Officer at Prysmian, speaking at the first edition of Experts Talk Corporate Leaders, a forum that this week brings together 33 executives, legal experts and academics to discuss the impact of AI on corporate organisation. Turning to market developments, the UK's energy regulator Ofgem has approved an ambitious 37 billion dollars investment plan aimed at upgrading electricity and gas infrastructure. This investment is necessary to modernize aging grids and facilitate the integration of new renewable energy sources. As other European countries face similar infrastructure challenges, the balancing act of upgrading networks while managing consumer costs remains critical. In response to this inflationary pressure, Chancellor Rachel Reeves has announced plans to reduce some green levies from consumer bills, although analysts warn that rising grid costs will likely offset these savings. On a related front, the newly established Great British Energy aims to mobilize 20 billion dollars for 15 gigawatts of clean power by 2030, focusing on wind and solar projects. This initiative reflects the UK government's commitment to enhancing renewable energy contributions while generating jobs and strengthening domestic supply chains amid rising costs in the offshore wind sector. From a corporate perspective, Rio Tinto is pursuing a strategic divestment plan to generate between 5 billion dollars and 10 billion dollars through asset sales and productivity enhancements. This move is indicative of a broader trend among major companies to streamline operations in response to shifting commodity cycles and investor demands for improved returns. Meanwhile, on the technology front, the competition among Big Tech firms, particularly in artificial intelligence, remains intense. Recent innovations, notably from Alphabet with its Gemini 3 model, have reignited discussions about the future trajectories of companies like Apple and Meta. Finally, on the international stage, French President Emmanuel Macron has urged Chinese President Xi Jinping to enhance collaborative efforts on geopolitical issues and trade, especially concerning the ongoing conflict in Ukraine.