[Infostock Daily= Reporter An Hoe Hyun] Hyundai Motor Securities raised its target stock price for SK D&D from the previous 36,000 won to 55,000 won on the 27th, saying that expectations are rising for growth in the new and renewable energy sector as construction of fuel cells and wind power complexes began in earnest.
"From the end of this year to early next year, the construction of the Gunwi Wind Power Complex and Cheongju and Eumseong Fuel Cell Project will begin, and the proportion of sales and profit of new and renewable energy will expand in earnest," the company said, adding, "The sales of Pohang Wind Power and Dangjin Solar Energy Project EPC will be added over the next two years."
"As of 2022, new and renewable energy sales account for 50% of total sales, and the proportion of new and renewable energy operating profit is expected to continue to expand to 29% in 2021 and 32% in 2022," the company explained, adding, "The stock price, which has soared recently, is continuing its sideways trend after adjustment, but we expect to see a multiple increase after confirming the actual construction of fuel cell and wind power projects that have been delayed."
Reporter An Hoe Hyun ahh@infostock.co.kr
