[Featured Stock] CS Wind Rises on Growing Global Wind Power Demand

[Asia Economy Reporter Park Jihwan]CS Wind is showing strength amid news of increasing global wind power demand.

As of 3:13 PM on the 16th, CS Wind's stock price is trading at 39,600 KRW, up 3.66% from the previous day. This is interpreted as due to expectations that investment sentiment toward wind turbine manufacturers and component companies will revive because of increased wind power demand in the US, China, and Northern Europe.

Han Byunghwa, a researcher at Eugene Investment & Securities, said, "While the demand for wind turbines in major countries has surged sharply in the short term, signs of supply shortages of turbines and components are being detected due to restructuring of less competitive companies."

He added, "The China Wind Energy Association announced that the bidding scale for wind turbines to be installed over the next two years will reach 70GW. Subsidies for onshore and offshore wind power will be significantly reduced by the end of next year, causing a surge in demand to install turbines before then," and "Northern European countries such as Norway and Sweden are experiencing the same situation."