[Special Stock] CS Wind Soars 15% Amid Focus on Renewable Energy Due to Ukraine Crisis

[Asia Economy Reporter Hwang Yoon-joo] CS Wind is showing a sharp rise due to concerns over an energy crisis caused by the Russia-Ukraine war, drawing attention to renewable energy.

As of 9:42 AM on the 25th, CS Wind is trading at 59,800 KRW, up 15.00% compared to the previous trading day.

With Russia's invasion of Ukraine, there are expectations that the United States and the European Union (EU) will limit imports of Russian natural gas. This has been interpreted as reflecting optimism about renewable energy in the stock price.

On the 23rd, CS Wind announced through a disclosure that it will acquire 192,857 shares of its subsidiary, Portuguese wind power tower substructure manufacturer ASM Industries, S.A., for 62.3 billion KRW.

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