Taeyang power generation-related stocks are strong in early trading on the 27th. News that Chinese solar module manufacturers have also started raising sales prices seems to have stimulated investor sentiment.
Hanwha Solutions stocks were traded at 23,000 won on the Korea Composite Stock Price Index (KOSPI) market at 9:32 a.m. The stock price rose by 10.05% (2,100 won) compared to the previous day. At the same time, HD Hyundai Energy Solutions shares soared by 14.15% (3,800 won). OCI Holdings and OCI are also strong.
News that Chinese media reported an increase in the sales price of Chinese solar modules has acted as a driving force for stock price increases. Dong-jin Kang, a researcher at Hyundai Motor Securities, noted that "pressure for price increases will rise across the entire value chain starting with polysilicon."
News that the government is pushing to abolish the renewable energy certificate (REC) system also seems to have affected stock prices. If the REC system disappears, power generation companies will need to invest directly in solar power plants, which could increase the demand for solar modules.