[Featured Stock] Hanwha Solutions Drops 6% Late Session... NH Securities "Sustained Mid-to-Long-Term Growth"

On the 3rd, Hanwha Solutions showed a decline of over 6% in the latter part of the trading session, indicating a weak trend.

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As of 2:48 PM that day, Hanwha Solutions was trading at 50,400 KRW, down 6.15% compared to the previous trading day.

Hanwha Solutions underwent a spin-off of Hanwha Galleria, resulting in a trading halt from February 27 and resuming on the 31st of last month. On the first day of resumed trading, the stock closed up about 3.47%, but it is showing weakness today.

However, securities firms forecast sustained mid- to long-term growth for Hanwha Solutions based on the expansion of its solar power sales. Youngkwang Choi, a researcher at NH Investment & Securities, stated, "The proportion of sales to the U.S. market is planned to increase from around 40-50% in 2022 to 70% by 2025, and the average selling price is expected to remain relatively stable," adding, "Significant sales volume growth is expected to begin from next year."

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