Solar power-related stocks are strong in the morning of the 10th. This seems to be influenced by the rebound in the price of polysilicon, which serves as a raw material for solar power products.
HD Hyundai Energy Solutions shares were traded at 26,500 won on the KOSPI market at 10:34 a.m. on the 10th. The stock price rose 14.22% (3,300 won) from the previous day. Other solar power corporations, including OCI Holdings and Hanwha Solutions, are also performing well at the same time.
This is believed to be due to signs of a market revival. According to the solar market research firm PV InfoLink, the price of polysilicon surpassed $6 per kilogram this month. This is the first time since May of last year. Although it does not reach the breakeven point of $8 per kilogram, the unusual rebound has stimulated investment sentiment.
The favorable stance of the upcoming second Donald Trump administration towards solar power, unlike wind power, has also contributed to the rise in stocks. President-elect Trump said during the presidential debate, "Solar is a terrific industry."