Doosan's consolidated subsidiary, Doosan Enerbility, showed strength following news that it will supply equipment for a small modular reactor (SMR) construction project by a U.S. nuclear power plant design company, leading Doosan's stock price to rise more than 11%.
As of 10:42 AM on the 27th, Doosan is trading at 211,500 KRW, up 11.49% (21,800 KRW) from the previous trading day.
Doosan's stock price has been on an upward trend recently due to expectations of increased demand for AI accelerator-oriented products driven by data center expansions and optimism regarding orders for nuclear power plants in the Czech Republic.
DS Investment & Securities recently raised Doosan's target stock price from 135,000 KRW to 190,000 KRW, noting that the profitability of the Electronic Business Group (BG) division is contributing to improved earnings.
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