[Featured Stock] Doosan Fuel Cell, Turning to a Loss in Q3, Drops Over 5%

Doosan Fuel Cell's stock price is weak as it turned to a loss in the third quarter of this year compared to the same period last year.

As of 11:37 AM on the 30th, Doosan Fuel Cell was trading at 17,490 KRW, down 1,070 KRW (-5.77%) from the previous trading day.

Doosan Fuel Cell recorded sales of 32 billion KRW in the third quarter, a 29.8% decrease compared to the same period last year. Operating loss turned to 2.3 billion KRW, falling short of the market's average expectations.

NH Investment & Securities said on the day, "The timing of revenue recognition for the projects won has been continuously delayed," and lowered Doosan Fuel Cell's target price from 27,000 KRW to 25,000 KRW.

Jeong Yeonseung, a researcher at NH Investment & Securities, said, "This quarter's main equipment (fuel cell) sales amounted to only 3.1 billion KRW, causing a sales gap," adding, "Performance fluctuations continue depending on whether main equipment sales occur each quarter. This is an area that needs improvement."

This content was produced with the assistance of AI translation services.