Fuel cell specialist Bumhan Fuel Cell(382900) extended its surge from the previous day's upper price limit, jumping more than 13% in early trading on the 10th.
In the KOSDAQ market at 9:22 a.m., Bumhan Fuel Cell shares were at 26,600 won, up 3,250 won (13.92%) from the previous day. Bumhan Fuel Cell also closed the previous trading day at the upper limit, up 29.79% to 23,350 won.
Bumhan Fuel Cell's strength is seen as the result of improved investor sentiment across the fuel cell industry after news that Doosan Fuel Cell won a large order for U.S. artificial intelligence (AI) data centers.
Doosan Fuel Cell on the 2nd signed a 501.4 billion won contract to supply phosphoric acid fuel cell (PAFC) systems with its U.S. subsidiary, HyAxiom. Under the contract, fuel cells produced at the Iksan plant in North Jeolla will be delivered to U.S. AI data centers via HyAxiom.