CAC 40: Engie Falls Despite Strong Results, Stellantis Rebounds After Historic Loss

A Session Marked by Annual Results

The Paris Stock Exchange is navigating in the red at the end of this week, with neither panic nor momentum. The CAC 40 is at 8,602.2 points, down 0.22%, in a market digesting a slew of annual reports. The trend is slightly bearish, with 22 stocks down, 16 up, and 2 unchanged. It is earnings season setting the tone, and investors appear to be making case-by-case judgments without strong directional conviction.

This session illustrates a well-known market phenomenon: prices don't always react as expected to announcements. Solid results penalized, a massive loss greeted with a rebound... The Paris market, this Friday, rewards or punishes depending on what is already priced in and how operators perceive the implicit outlook.

Schneider Electric and Stellantis Lead the Way: An Unlikely Duo

At the top of the chart, Schneider Electric climbs 1.39% to €276.70. The energy management specialist benefits from the release of [record 2025 results, with revenue surpassing €40 billion for the first time](https://www.ideal-investisseur.fr/actions-b/schneider-electric-franchit-le-cap-des-40-milliards-deuros-de-chiffre-daffaires-en-2025/14568.html), with organic growth of 9%. Increased demand in data centers and the manufacturing industry boosted the accounts, with a record free cash flow of €4.6 billion. Following this, BNP Paribas Exane raised its price target from €275 to €305 while maintaining its positive outlook, while Bernstein upped theirs from €231 to €270.

More surprisingly, Stellantis gains 0.94% to €6.85, despite the automotive manufacturer revealing [an enormous net loss of €22.3 billion in 2025](https://www.ideal-investisseur.fr/actions-b/stellantis-affiche-une-perte-nette-de-223-milliards-deuros-en-2025-aprs-un-reset-stratgique-majeur/14551.html), weighed down by €25.4 billion in exceptional charges related to a major strategic realignment. Revenue declined by 2% to €153.5 billion. However, the market seems to believe that the worst is factored in and that the announced « reset » is opening a new chapter.

Elsewhere among the gainers, Pernod Ricard rises 1.31% to €77.08, as does Euronext at €138.80, the latter benefiting from increased price targets, with UBS raising its target from €165 to €168. Thales advances 1.02% to €256.80, following a consistently favorable defense sector in Europe.

Engie penalized as luxury and construction face pressure

On the downside, Engie suffered the biggest drop in the CAC 40, losing 2.74% to settle at 28.72 euros. This decline paradoxically comes after the release of annual results showing an increase, with a recurring net income of 4.9 billion euros and a dividend raised to 1.35 euros per share. The group also announced the acquisition of UK Power Networks for 10.5 billion British pounds, a massive deal making Engie a major player in the electricity distribution sector in the UK. It is likely the scale of this acquisition, along with the questions it raises about integration capability and financing, that is affecting the stock. Notably, DZ Bank and Oddo BHF have both significantly raised their respective price targets to 32.50 and 34 euros, well above the current price.

EssilorLuxottica fell sharply by 2.51% to 233.30 euros, without any identified catalyst during the session, while Saint-Gobain dropped 2.37% to 84.80 euros. The construction materials group announced the acquisition of two companies specializing in mortars and sealing grouts, a targeted operation that is not enough to support the stock price. Renault lost 1.42% to 31.97 euros, and LVMH declined by 1.18% to 545.10 euros, with the luxury sector remaining under pressure at the end of the week.