[Click eStock] "Dongyang E&P to Benefit from Expanded Support for Domestic Solar Inverters"

Research Alarm set a target price of 47,400 won for Dongyang E&P on March 9, reflecting expectations that the company will benefit from policies supporting domestically produced solar inverters.

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In a report released on this day, Choi Seonghwan, an analyst at Research Alarm, stated, "With heightened geopolitical tensions in the Middle East leading to a rise in international oil prices, energy security issues are coming to the forefront. Last week, the price of WTI crude oil futures exceeded 90 dollars per barrel, and as a result, interest in companies related to renewable energy is expected to increase."

Dongyang E&P is a company that has expanded its business areas based on power conversion technology. Starting with power supply units (SMPS) for TVs, it has diversified its business portfolio to include mobile phone chargers, solar inverters, and electric vehicle chargers.

Analyst Choi commented, "In the domestic solar inverter market, which is estimated to be worth about 1 trillion won, Chinese products with price competitiveness account for approximately 90% of the market share. The Lee Jaemyung administration is reviewing measures to increase the use of domestic equipment, and related companies are expected to benefit from expanded participation in public power generation projects and increased policy support in the future."

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