On July 21, Hanwha Solutions showed strong performance in early trading. This is due to expectations of a turnaround to profit in the second quarter after an operating loss in the previous quarter.
As of 9:27 a.m. on this day, Hanwha Solutions was trading at 39,350 won, up 4,050 won (11.47%) from the previous trading day.
This is interpreted as investor sentiment concentrating on the stock in response to the outlook for improved earnings.
According to the securities industry, Hanwha Solutions' operating profit for the second quarter is expected to be approximately 122.7 billion won. This marks a turnaround from an operating loss of 30.3 billion won in the previous quarter, representing an increase of more than fivefold.
The key factors behind this rebound in earnings are cited as the recovery in solar demand from the United States and the rise in AMPC prices. The implementation of the Inflation Reduction Act (IRA) has expanded tax credit benefits in the U.S., and local solar module prices have remained high due to increased tariffs.
As a result, demand for solar modules, particularly in the North American market, has entered a recovery phase, leading to a significant improvement in profitability.
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