JPMorgan lifts Prysmian target as AI fiber demand accelerates - 27 May 2026

As of May 27, today's news highlights significant developments concerning Prysmian, amid broader updates in the technology and energy sectors. Prysmian received a positive boost from JPMorgan, which maintained an "overweight" rating and raised the target price for the company's shares to 172 euros, up from 138 euros. This upgrade reflects the strong potential identified within Prysmian’s Digital Solutions segment, particularly tied to the growing demand for fiber optics linked to artificial intelligence, data centers, and hyperscalers. Meanwhile, large mutual funds and passive index funds are starting to set aside more cash and preparing to offload some of their existing holdings in large-cap stocks, as they prepare to add upcoming blockbuster IPOs like SpaceX and OpenAI to their portfolios. Turning to market updates, the German power market is reacting to a heatwave, leading to a 29% spike in day-ahead power prices as increased demand for cooling coincides with reduced wind generation, necessitating more expensive power sources. The current temperatures across Europe are pushing demands to their peak, with projections indicating a continuation of this trend. Looking at broader macro trends, financial institutions in the Nordic region are advocating for the EU to uphold its ban on Arctic oil and gas drilling despite potential pressures to revise energy policies in response to the ongoing energy crisis exacerbated by conflicts in the Middle East. Signatories, including Nordea Asset Management, expressed that new Arctic developments would undermine climate goals and have long lead times that would fail to address immediate energy needs. On the international front, the U.S. and Thailand are accelerating discussions on long-term LNG supply contracts, a result of significant disruptions in Qatari exports attributed to the regional conflict. This move reflects Thailand's strategy to diversify its energy sources while reducing reliance on coal for electricity generation. Meanwhile, U.K. Prime Minister Keir Starmer is set to finalize a defense treaty with Poland aimed at strengthening security measures in light of Russian aggression, underlining the UK's strategic shift to reinforce its defense posture in Europe.