NH Investment & Securities on the 19th assessed Doosan Enerbility as a competitive reactor maker capable of cooperating with the United States. It also predicted that global nuclear power investment will accelerate because of the war. It maintained a Buy investment opinion and raised the target price to 130,000 won from the previous 111,000 won. The previous trading day's closing price of Doosan Enerbility was 107,300 won.
Lee Min-jae, an analyst at NH Investment & Securities, said, "This month, the special law on investment in the United States passed the National Assembly, and $200 billion out of $350 billion is set to be executed for energy and semiconductors," and "Japan also plans to invest in large nuclear power plants in the United States together with Korea, raising the likelihood that 10 large nuclear plants, the goal of the Trump administration in the United States, will break ground."
The analysis is that the fast pace, including passage of the special law, will be favorable for expanding volumes.
The analyst said, "In the gas turbine institutional sector, orders are steadily expanding at the request of hyperscalers (corporations that operate large-scale data centers needed for AI), which urgently need to stabilize power supply and demand," adding, "Orders for Small Modular Reactor (SMR) projects from TerraPower and Rolls-Royce are also increasing."
NH Investment & Securities predicted that global nuclear power investment will accelerate because of the war.
During the Russia-Ukraine war, Europe expanded investment in renewable energy and nuclear power. Over the past five years, solar power generation more than doubled, and the number of countries abandoning nuclear phaseout and introducing nuclear power increased.
The analyst said, "Amid the current war between the United States and Iran and the shock of the Strait of Hormuz blockade, the energy transition is expected to accelerate," adding, "We judge that the change will be larger and faster than the level the company expected at the time of the earnings announcement."