[Featured Stock] S-Energy, S-Power's Position Rapidly Rising in the Solar Power Market

[Asia Economy Reporter Hyungsoo Park] S-Energy is showing strong performance. It appears that the announcement by the U.S. Biden administration to suspend tariffs on solar panels imported from four Southeast Asian countries for 24 months, in order to expand the installation of solar power needed to address the climate crisis, has influenced the stock price.

As of 9:50 AM on the 7th, S-Energy is trading at 5,510 KRW, up 17.23% compared to the previous trading day.

U.S. President Joe Biden announced a temporary tariff exemption on solar panels produced in four Southeast Asian countries and invoked the Defense Production Act (DPA) to expand domestic production of solar panels and related products. According to the White House on the 6th (local time), President Biden approved the use of the DPA to accelerate domestic production of clean energy technology products. The White House expects this measure to rapidly expand domestic manufacturing of solar panel components, transformers, heat pumps, building insulation materials, and more.

Jeon Hyeyoung, a researcher at Daol Investment & Securities, said, "With the activation of the DPA, large-scale solar projects in the U.S. are expected to resume," adding, "As the U.S., the world's second-largest solar market after Europe, increases demand, a revaluation of the solar value chain is expected to continue."

According to the quarterly report, S-Energy holds an irreplaceable history as the "first domestic solar company." It has established an "Integrated Renewable Energy Roadmap" together with its KOSDAQ-listed subsidiary S-Fuelcell, which is participating in the global hydrogen economy era, and subsidiary S-Power, which leads qualitative growth in the renewable energy industry through smart O&M.

S-Power, the largest renewable energy O&M specialized company in Korea, is rapidly gaining a foothold in domestic and international markets. In major global solar markets such as the U.S. and Europe, ICT-based digital O&M, including power generation forecasting and analysis of causes for power generation decline, is gaining attention to improve solar power generation efficiency and secure stable profits. S-Power has the advantage of 24-hour monitoring and power generation analysis through its AI-based central control center "Genius." It is expected to achieve a global cumulative management capacity of 1GW, the largest level among domestic companies.

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