Nexans stock breaks through its 144.70 € resistance and challenges the SBF 120
The Courbevoie-based cable manufacturer is posting gains on Thursday, against the tide of a declining SBF 120, benefiting from a notable technical breakthrough during the session. The rise extends a solid month of recovery, which repositions the stock above its major moving averages.
Nexans breaks through its 144.7 € resistance and ranks among the SBF 120's strongest gainers
The Nexans stock is gaining 2.7% to 144.80 € during the session, while the SBF 120 is down 0.91% and the CAC 40 is declining 1%. The stock ranks among the strongest gainers of the SBF 120, in a globally downward-trending market. The notable feature of the session is technical: Nexans has broken upwards through its 144.70 € resistance and is holding above this level, which constitutes a threshold that has been monitored for several weeks.
The three moving averages confirm the bullish momentum in the short and medium term, with the price trading above the 20-day MA at 138.19 €, the 50-day MA at 138.57 € and the 200-day MA at 134.93 €. The RSI at 53 remains in neutral territory, far from the overbought zone, which leaves technical room for further gains. The next identified resistance is located at 167.90 €.
A month of rebound of nearly 10% driven by solid half-year results posted in July
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Over one month, Nexans is posting a gain of 9.53%, which partially offsets the quarterly decline of 10.4%. This recovery follows the half-year results published on July 29, when the group raised its 2026 financial guidance after standard revenue exceeded expectations in the first half. Organic growth in the Electrification activities had reached 4.5%, at the upper end of the strategic plan range, and the acquisition of Republic Wire in the United States was finalized in early June. Following these announcements, the stock had surged more than 6.5%.
More recently, a favorable rating revision from JP Morgan in early August had accompanied a new rebound of nearly 4%. Over one year, Nexans is posting a performance of 11.38%, while the market environment remains measured, with the VIX at 14.88 signaling a calm market. The breakthrough of the 144.70 € resistance during the session marks the threshold to be confirmed at close to validate the continuation of this movement.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 4 736 millions d'euros
Quarterly revenue: 4 736 millions d'euros
Revenue growth: -13,7 %
EBITDA: 379 millions d'euros
EBITDA margin: 11,9 %
Net income: 103 millions d'euros
Free cash flow: 165,5 millions d'euros
1 038 millions d'euros
Guidance from the release
Le Groupe relève ses perspectives pour 2026
Risks mentioned
Normalisation de PWR-Transmission : croissance organique de -6,2 % au deuxième trimestre 2026
Effet de mix défavorable dans PWR-Connect : marge en baisse à 11,8 % contre 13,6 %
Pays nordiques toujours contraints par les conditions de marché
Opportunities identified
Acquisition de Republic Wire : entrée sur le marché américain basse tension estimé à 12 Md€
Environ 23 M€ de synergies attendues en régime de croisière d'ici trois ans
Ligne MI de PWR-Transmission chargée jusqu'à mi-2028 et marge visée supérieure à 17 % en 2028
Outlook / guidance
Expected EBITDA: 805 millions d'euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
