[Featured Stock] SK Eteonics, Stock Rises on Mega Fuel Cell Power Plant Construction...

On the 28th, SK Eteonics showed a significant surge in the stock market. News broke that SK Eteonics secured project financing (PF) for the largest-ever fuel cell project it is constructing.

Chungju Ecopark Bird's-eye View

As of 3 PM, SK Eteonics was trading at 16,450 KRW, up 10.04% from the previous day's closing price. The stock maintained its upward momentum during the morning session, even touching 17,400 KRW at one point.

SK Eteonics announced that it signed a PF financing agreement worth 461 billion KRW for the construction of the high-efficiency solid oxide fuel cell (SOFC) power plant, ‘Chungju·Daesowon Eco Park’.

With the PF financing secured, SK Eteonics will commence construction of the power plant and receive construction payments based on progress. SK Eteonics had previously signed an EPC (Engineering, Procurement, and Construction) contract for this power plant on the 7th.

As orders for renewable energy facility construction, including fuel cells, continue, SK Eteonics’ performance is expected to improve.