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PRYMF - Prysmian: A Quality Company With Exposure To The Offshore Energy Sector
Prysmian S.p.A
Prysmian generates most of its revenue in its Energy division, where connecting offshore wind farms to the power grid is an important contributor.
The company continues to generate strong free cash flows, but the valuation is quite rich.
Prysmian is currently trading at all-time highs, and I'm on the sidelines for now. I love the business but would like the valuation to become a bit more reasonable.