Hanwha Solutions is showing an upward trend for two consecutive days as of the 25th. With the United States announcing a maximum tariff of 3,521% on Chinese solar products, expectations have arisen that market competition will ease somewhat, along with the company's solid performance in the first quarter.
As of 9:27 a.m. on this day, Hanwha Solutions is trading at 29,300 won, up 2,250 won (8.3%) compared to the previous trading day. The day before, it finished trading at 27,100 won, up 13.15%, showing strong performance for two consecutive days.
Hanwha Solutions announced on the 24th that it achieved an operating profit of 30.3 billion won in the first quarter of this year. Sales amounted to 3.09 trillion won, with a net loss of 30.2 billion won. In particular, the renewable energy institutional sector reported sales of 1.06 trillion won and an operating profit of 136.2 billion won.
In particular, the U.S. residential energy business led the strong performance, recording a profit margin of 22%. The U.S. residential solar market is expected to recover starting this year, with an average annual growth of 8% anticipated until 2035.
In the securities industry, there are forecasts that Hanwha Solutions will achieve strong performance in the second half of the year. Hwang Sung-hyun, a researcher at Eugene Securities, noted, "Considering the inventory of U.S. modules, a favorable sales environment is expected to materialize," adding, "Performance is likely to increase as we move into the second half of the year."