Nexans shares among the strongest gainers in the SBF 120, up 3.5%
The Courbevoie-based cable maker rebounds sharply in mid-afternoon, in a slightly positive Paris market. After an already well-oriented week, it stands out at the top of its index, close to a long-term moving average it has not approached for several weeks.
A rebound supported by a week of gains and the recovery of two moving averages
Nexans shares gain 3.45% to €132.00 intraday, placing them among the strongest gainers in the SBF 120 while the index rises 0.28%. This move extends an already bullish week (+8.29%), which brings the stock well above its MM20 at €122.21 (+8.01%) and its MM50 at €130.07 (+1.48%).
The price nevertheless remains below the MM200 at €136.43, a gap of 3.25%, a level the stock had not approached since the decline following its third-quarter results.
Over three months, performance remains negative (-4.28%). Nexans had published on October 22 revenue up 21.4% for the quarter, with annual targets confirmed.
First nine months of 2026: networks in the lead, transmission down, targets confirmed
When it published its first nine-month results, the group had detailed organic growth of 8.1% for its PWR-Grid division over the period (+14.8% in the third quarter), while PWR-Transmission declined 1.4% over nine months and 4.0% in the third quarter alone.
Looking ahead, the company had said it approached the last quarter with confidence regarding its short-term outlook, despite a very demanding comparison base against a fourth quarter 2025 that showed organic growth of +40.0%.
The group had also cited the integration of Republic Wire, with a planned investment of €62 million to expand production of medium-voltage accessories. From a technical standpoint, the next level identified is resistance at €136.40, close to the MM200, a level the stock has not broken since mid-October.
