[Market Focus] Green Hydrogen Policies in the Spotlight... Doosan Fuel Cell Surges Over 8%

Following the inauguration of the Lee Jaemyung administration, green hydrogen policies have come into the spotlight, leading to a strong performance in Doosan Fuel Cell's stock price on June 10.

As of 9:28 a.m. on June 10, Doosan Fuel Cell was trading at 19,590 won, up 1,520 won (8.41%) from the previous trading day.

On this day, Anna Lee, a researcher at Yuanta Securities, emphasized in relation to Doosan Fuel Cell, "Under the Lee Jaemyung administration, eco-friendly policies, especially those concerning green hydrogen, are drawing significant attention."

Researcher Lee explained, "The Ministry of Trade, Industry and Energy announced that it will begin bidding this year for a total of 4,300 GWh of clean hydrogen power generation and general hydrogen power generation. As Doosan Fuel Cell is the leading company in the domestic fuel cell sector, it has been capturing more than half of the general hydrogen bidding market each year, which raises expectations. In particular, if the pending awards under the Clean Hydrogen Portfolio Standard (CHPS) are converted into orders and sales, it could enable the company to turn a profit."