[Market Focus] Easing U.S. Solar Demand Concerns Boosts Solar Stocks

As concerns over solar installation demand in the United States have eased, the stock prices of domestic solar companies are on the rise.

As of 9:04 a.m. on August 18, OCI Holdings was trading at 103,500 won, up 5,100 won (5.18%) from the previous trading day. At the same time, Hanwha Solutions was trading at 30,650 won, up 650 won (2.17%).

Previously, on August 15, the U.S. stock market saw major solar companies surge in share price, with Sunrun up 33%, SolarEdge Technologies up 17%, and First Solar up 11%.

In this regard, Kim Dongjin, an analyst at Hyundai Motor Securities, said, "It appears that market concerns over solar installation demand have eased, as the new tax credit guidelines announced by the Trump administration were deemed more favorable than expected."

Kim added, "This will have a positive impact on Korean solar stocks, which are heavily influenced by U.S. policy. My top pick is OCI Holdings, and Hanwha Solutions is also a stock to watch."