[Special Stock] S-Fuel Cell Hits 52-Week High on Expectations for Hydrogen Vehicle Expansion

[Asia Economy Reporter Minji Lee] SFuelCell, a hydrogen car-related stock, has reached a new 52-week high.

At 9:23 a.m. on the 12th, SFuelCell was traded at 33,600 KRW, up 18.95% from the previous session on the KOSDAQ market. On that day, SFuelCell soared to 34,750 KRW, marking an intraday 52-week high.

SFuelCell is a hydrogen fuel cell company that generates electricity through the chemical reaction of hydrogen and oxygen. Kim Taehyun, a researcher at IBK Investment & Securities, said, "With the hydrogen economy environment being actively established from this year, orders are expected to increase due to the expansion of fuel cell distribution in public and private facilities," adding, "In the mid to long term, policy benefits from government support projects such as green remodeling (Green New Deal) are also anticipated." Additionally, the surge in stock price is also attributed to Nikola, a U.S. hydrogen truck manufacturer, being listed on NASDAQ.

This content was produced with the assistance of AI translation services.