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.
Notre performance du premier semestre reflète la poursuite de l'exécution rigoureuse de notre stratégie dans un environnement où les tendances de fonds de l'Électrification demeurent plus fortes que jamais.
Croissance organique du Groupe de +1,5 % au premier semestre 2026 (+4,5 % pour les activités d'Électrification), portée par PWR-Connect (+7,3 % en organique) et PWR-Grid (+4,9 %), tandis que PWR-Transmission amorce sa normalisation (-0,1 % en organique, -6,2 % au deuxième trimestre). La marge d'EBITDA ajusté d'Électrification s'établit à 13,2 % du chiffre d'affaires standard, encore pénalisée par un effet de mix défavorable (pays nordiques contraints, marges de La Triveneta Cavi inférieures à la moyenne). Le résultat net recule à 105,9 millions d'euros en raison des activités abandonnées (IFRS 5). La dette nette atteint 1 038,2 millions d'euros après l'acquisition de Republic Wire, pour un levier de 1,4x. Le carnet de commandes ajusté de PWR-Transmission s'élève à 7,7 milliards d'euros.
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
Hausse de la dette nette à 1 038,2 M€ et levier porté à 1,4x après acquisition
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
Croissance des data centers captée via l'élargissement du portefeuille
Accord-cadre de 600 M€ remporté auprès d'Enedis en février 2026
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.
