[Infostock Daily= Reporter An Hoe Hyun] DB Financial Investment paid attention to Hanwha Solutions on the 19th as a beneficiary share of mid- to long-term US solar energy market growth, although last year's performance was lower than expected. As a result, the target stock price remained at 69,000 won and investment opinion remained on the Buy.
For the fourth quarter of last year, operating profit was 65.4 billion won, far below the market forecast. About 60 billion won in bonuses, about 25 billion won in opportunity costs for regular maintenance of chemicals and losses from increased external purchases of ethylene due to regular maintenance of YNCC were reflected.
"Hanwha Q CELLS, Hanwha Solution's solar energy division, is one of the top solar module makers except China, and has strengths in residential and commercial modules in the U.S. and Europe, but major markets have greatly shrunk due to the COVID-19 crisis," the company said and predicted, "We have no choice but to rebound significantly in the process of normalization in the COVID-19 crisis and will benefit the most from the growth of the U.S. solar market in the mid- to long-term."
Reporter An Hoe Hyun ahh@infostock.co.kr
