As international oil prices continue to rise due to the Middle East war, renewable energy-related stocks were strong early on the 31st.
As of 10:04 a.m. that day, HD Hyundai Energy Solutions was trading at 139,200 won, up 4,100 won (3.03%) from the previous session.
Other renewable energy stocks on the rise include SK eternix (2.76%), OCI Holdings (2.10%), and CS Wind (0.16%).
As oil prices surged, with prices finishing above $100 per barrel overnight, investor interest appears to have grown in energy that could serve as an alternative. On the 30th (local time), May delivery West Texas Intermediate (WTI) crude futures settled at $102.88 per barrel, up 3.25% from the previous session.
Lee Jin-hyeop, an analyst at Hanwha Investment & Securities, said, "With volatility in oil prices increasing due to the recent Iran war, the possibility of expanded investment in renewable energy is emerging."