Doosan Enerbility set a new record high for the first time in 12 years since 2013. This is interpreted as being influenced by the global resurgence of the nuclear power industry and the increasing demand for gas turbines, which is Doosan Enerbility's new growth area.
Doosan Enerbility's stock was traded at 37,100 won on the KOSPI market at 2:46 p.m. on the 20th. The share price rose by 7.23% (2,500 won) compared to the previous day. During the day, the stock price climbed to 37,300 won, reaching the highest level since January 2013.
With the so-called "nuclear renaissance" returning, Doosan Enerbility's stock price is also showing a steep upward trend. The Donald Trump administration in the United States plans to expand the nuclear power industry again, while Europe is also gradually removing restrictions related to nuclear power.
Germany, which has maintained a policy of phasing out nuclear power, is also changing its stance. The Financial Times reported on the 19th (local time) that the German government has stated it will no longer block France's efforts to treat nuclear power equally with renewable energy in European Union (EU) legislation.
The gas turbine market, which Doosan Enerbility has entered, is booming as the demand for power increases with the expansion of the artificial intelligence (AI) industry. In particular, it is said that there are only four major H-class (1,650 degrees) gas turbine suppliers: General Electric (GE), Siemens, Mitsubishi Heavy Industries, and Doosan Enerbility.
In response to the increasing demand, Doosan Enerbility plans to raise its annual gas turbine production capacity from six units this year to eight units by 2026. If demand continues to grow, it is also considering options to expand the annual production capacity to 12, 16, or 20 units.
The securities industry is also giving a positive assessment of Doosan Enerbility. The global investment bank (IB) UBS released a report titled "Doosan Enerbility rides the nuclear renaissance and gas turbine boom," issuing its first investment recommendation of "buy." The target stock price was set at 40,000 won. Earlier, Shinhan Investment Corp. had also set the target stock price for Doosan Enerbility at 40,000 won.