[Special Stock] Doosan Fuel Cell Falls 4% on Supply Contract Termination... New Low

Doosan Fuel Cell continued its decline for the fourth consecutive day, hitting a 52-week intraday low.

As of 9:08 a.m. on the 1st, Doosan Fuel Cell was trading at 13,320 KRW, down 590 KRW (4.24%) from the previous day on the Korea Exchange. During the session, it fell to 13,150 KRW, marking a 52-week intraday low.

The news of the termination of the supply contract is believed to be dragging down the stock price. On the previous day, Doosan Fuel Cell announced that the fuel cell system supply contract worth 398.8 billion KRW, signed with Korea Electric Power Technology, Kumho Construction, and LS Electric, was terminated due to an agreement to cancel the contract following the long-term non-issuance of the Notice to Proceed (NTP).