Eutelsat Shares Show Signs of Stabilization

A notable surge in Eutelsat shares yesterday has market participants questioning whether a prolonged downtrend is finally ending. The satellite operator's stock climbed 6.42 percent to close at €1.96, driven by renewed investor interest following the release of liquidity agreement data. The critical question now is whether this momentum can propel the share price back above the €2.00 threshold on a sustained basis.

The broader context for Eutelsat's recent performance is well understood by the market. In late 2025, the company executed a substantial capital increase, raising approximately €1.5 billion. The primary objectives were to reduce corporate debt and fund its strategic push into Low Earth Orbit (LEO) satellite infrastructure. A significant side effect of this equity issuance was share dilution, which exerted considerable downward pressure, keeping the stock price firmly below the two-euro level.

Fresh figures pertaining to the company's stabilization arrangement with BNP Paribas have provided tangible insights, acting as a catalyst for the recent price movement. The liquidity account, as of December 31, 2025, held the following positions:

• Share Inventory: 407,063 shares
• Cash Balance: €1,135,320

Activity data for the second half of 2025 reveals that the liquidity provider purchased 1,287,242 shares while selling 1,252,671. This resulted in a slight net buying position, a detail interpreted by investors as active price support—a factor that was positively received in yesterday's trading session.

Should investors sell immediately? Or is it worth buying Eutelsat?

Technical Challenges and Market Dynamics

The jump to €1.96 brings the stock within striking distance of the psychologically significant €2.00 resistance level. A key factor for the immediate future will be whether the elevated trading volume seen on Wednesday persists. On any potential pullback, the support zone around €1.85 is viewed as the next critical technical level.

Market volatility for Eutelsat shares is expected to remain elevated as investors continue to digest the large volume of new shares introduced during the capital raise. However, the resurgence of buying interest suggests that the current valuation is being perceived as increasingly attractive by a segment of the market.

The Path Forward

While the liquidity data has served as a short-term positive trigger, its ability to foster a durable price floor will be tested in the coming trading days. The resistance at the €2.00 mark will provide the first real challenge to the upward momentum established in the previous session, determining if this is a fleeting rebound or the beginning of a more sustained recovery.