[Click eStock] "CS Wind Benefits from Increased GE Wind Turbine Orders"

On the 27th, Eugene Investment & Securities analyzed that CS Wind is expected to benefit from the increase in GE wind turbine orders.

Researcher Han Byunghwa of Eugene Investment & Securities explained in a report on the same day, “CS Wind's U.S. subsidiary was established by acquiring Vestas' factory, so until last year, most of the sales were directed to Vestas,” adding, “However, from this year, the volume for GE is increasing to about 30%.”

GE's market share in the U.S. wind power sector is absolute at 50-60%, and since it benefits the most from the IRA effect, its dominance is expected to grow further. Accordingly, the contract with GE is considered the most important for CS Wind to secure growth momentum in the U.S. market.

Researcher Han stated, “It is understood that CS Wind is currently engaged in multi-year volume contracts with GE, triggered by the recent expansion of the company's U.S. factory, and visibility has improved due to GE's order turnaround,” adding, “CS Wind also plans to secure Siemens as a customer for its U.S. factory within this year.”

He continued, “With the expansion of wind power demand due to the IRA effect, CS Wind will also receive production subsidies,” and predicted, “There will be a significant increase in corporate value.”

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