Hanwha Solutions was strong in early trading on the 10th. Investors appeared to pile in after news that it had completed an integrated solar manufacturing hub in the United States.
As of 9:16 a.m. that day, Hanwha Solutions was trading at 36,900 won on the Korea Exchange, up 1,350 won (3.80%) from the previous session. Right after the open, it even surged 10.5% to 39,300 won.
Hanwha Solutions' strength appeared to be driven by news that day of the completion of production lines at its Cartersville, Georgia, plant.
Hanwha Solutions' Qcells division said that it has completed an integrated solar manufacturing hub in Cartersville, Georgia, and will begin mass production next month.
The Cartersville plant is the site Qcells has designated as the core of its U.S. integrated solar manufacturing hub, "Solar Hub."
Solar Hub is regarded as the only vertically integrated manufacturing hub in the United States. It can carry out all key solar processes in the country, including ingots, wafers, and modules.
With this completion, Qcells' U.S. production capacity has grown to 3.3 gigawatts (GW) each for ingots, wafers, and cells, and 8.6 GW for modules.