[Featured Stock] Doosan Enerbility Surges Over 9% on US SMR Contract News... New High

Doosan Enerbility surged by over 9%, hitting a 52-week high during intraday trading.

As of 10:06 AM on the 27th, Doosan Enerbility was trading at 20,050 KRW, up 1,790 KRW (9.8%) from the previous close. The stock rose as high as 20,300 KRW during the session, setting a new 52-week high.

The rise in stock price is attributed to news that the company will supply equipment for a construction project by NuScale Power, the largest small modular reactor (SMR) design firm in the United States. A report released the previous day stated that Doosan Enerbility will provide main equipment such as reactors and steam generator tubes for NuScale Power’s SMR construction project, valued at $37 billion (approximately 50 trillion KRW).