Hanwha Solutions stock is strong in early trading on the 21st. This is influenced by forecasts that the second quarter earnings will turn to profit.
As of 9:24 a.m. on this day, Hanwha Solutions stock is trading at 39,400 won, up 11.61% (4,100 won) compared to the previous trading day in the securities market.
According to financial data provider FnGuide, Hanwha Solutions' second quarter operating profit forecast is 128.1 billion won. This represents a significant improvement compared to an operating loss of 107.7 billion won during the same period last year.
Hana Securities previously analyzed that the chemical sector would reduce its losses as the impact of regular maintenance is removed, and that solar power is also expected to grow. IBK Securities also projected an increase in operating profit due to improvements in performance in its core business of renewable energy.
Meanwhile, Hanwha Solutions is set to announce its second quarter earnings on the 30th.