As of October 7, today's news features positive analyst outlooks for Prysmian and relevant developments in the copper and renewable energy sectors. Intesa Sanpaolo has raised its target price on Prysmian from 82.2 euros to 99 euros, while reiterating its buy rating. Analysts continue to view Prysmian as “an attractive investment opportunity in the sector,” expecting the group to gain further earnings momentum in 2026 as the positive impact of U.S. tariffs becomes more evident. Meanwhile, Europe's biggest copper smelter Aurubis will charge European customers a premium of 315 dollars per metric ton for refined copper next year, three market sources said on Tuesday, a record high for the German company. Turning to the markets, Jefferies raised its recommendation on NKT to buy from hold while cutting its rating on Nexans to hold from buy, citing different long-term growth prospects for the energy transmission cable firms. In the mining sector, Rio Tinto and its partners announced a 733 million dollars investment in new iron ore deposits at the West Angelas hub in Western Australia, aiming to maintain annual production capacity at 35 million tonnes. This project is anticipated to create approximately 600 jobs during construction and sustain around 950 permanent roles thereafter. In renewable energy, Danish firm Orsted confirmed its plans to complete the Sunrise Wind project in the U.S. by late 2027 while resuming work on the nearly finished Revolution Wind project, now set for completion by mid-2026. Meanwhile, in Spain, the solar industry is cautioning against potential threats to energy transition due to increasing instances of zero or negative pricing for solar power. Additionally, the International Energy Agency (IEA) has downgraded its global renewable power growth forecast by 248 gigawatts through 2030, primarily due to shifts in U.S. policy and changes to China’s auction system. Finally, France's President Emmanuel Macron faced growing pressure today to resign or hold a snap parliamentary election to end political chaos that has forced the resignation of five prime ministers in less than two years. The 47-year-old centrist president has repeatedly said he will see out his second term, which ends in 2027.

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