Prysmian's stock has increased by 60% in the past year, with strong financial performance and the recently closed acquisition of Encore Wire as catalysts. Despite a decrease in revenue and profit, Prysmian's free cash flow remains strong, with a positive outlook for the future. The recent acquisition of Encore Wire will increase Prysmian's net debt but is expected to generate significant EBITDA and synergies, leading to a potential decrease in EV/EBITDA multiple by 2025.
Does Encore Wire (WIRE) have what it takes to be a top stock pick for momentum investors? Let's find out.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MDR Michael D. Richards Jr. Capital A Wealth Management LLC | 17 | $3,631 | $3,631 | - | - |
| - Industry | - Sector | Mr. Daniel L. Jones CEO | NASDAQ (NGS) Exchange | 292562105 CUSIP |
| US Country | 1,629 Employees | 5 Jul 2024 Last Dividend | 17 Aug 2004 Last Split | 16 Jul 1992 IPO Date |