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    Nexans (ENXTPA:NEX) Names A New COO, Is A 29% Undervaluation Enough?

    Simply Wall St·10/22/2026 08:35:58
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    Nexans (ENXTPA:NEX) has put fresh attention on its leadership bench after naming Stéphane Artaud as Chief Operating Officer, a move that turns the spotlight onto how operational execution might influence the stock.

    Recent trading tells a mixed story for Nexans. The 1-month share price return is down 13.35% and the year-to-date share price return is down 4.91%, yet the 3-year total shareholder return of 101.11% points to strong longer term participation. Short term weakness, including a 5.65% decline over seven days before a 2.87% move higher in the last session to €122.0, suggests sentiment has cooled recently. At the same time, long term holders have still seen meaningful value creation as the business refines its operations and investors reassess risk and growth potential around changes such as the new COO appointment.

    Scan other grid and transmission plays moving on similar themes of operational execution and capital projects with our curated 42 power grid technology and infrastructure stocks.

    That pullback, set against Nexans’s strong multi year participation and a new COO focused on execution, leaves a simple decision for you: lean into the current price, or wait for a cleaner valuation entry?

    Most Popular Narrative: 29% Undervalued

    Nexans last closed at €122.0, while the most followed narrative framework anchors fair value at about €171.93. This puts the current quote at a sizeable discount and places additional importance on how the electrification plan actually plays out.

    The ongoing acceleration of global electrification, renewable energy adoption and grid modernization that was already highlighted now comes with quantified needs to rebuild or replace around 80 million kilometers of grid by 2040 and address the expectation that about 50% of power grids will be unfit for renewables by 2030, which supports Nexans’ long dated Power Transmission and Power Grid backlog and can underpin revenue and earnings visibility.

    See why 11 investors see Nexans as 29% undervalued.

    Result: Fair Value of €171.93 (UNDERVALUED)

    Still, if grid projects slip or North American integrations disappoint, the bullish Nexans electrification story could lose momentum faster than the models imply.

    Find out about the key risks to this Nexans narrative.

    Next Steps

    If the Nexans story so far feels pulled between optimism and caution, treat that tension as your signal to look under the hood yourself, weigh both the risk flags and upside markers, then go straight to the 4 key rewards and 2 important warning signs.

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