[Market Focus] HD Hyundai Electric Surges Over 3% on Major US Ultra-High Voltage Transformer Order

HD Hyundai Electric showed strong performance in early trading on the 23rd. The surge in investor sentiment is attributed to the company's large-scale order for ultra-high voltage transformers in the United States.

As of 10:18 a.m. on this day, HD Hyundai Electric was trading at 605,000 won, up 20,000 won (3.42%) from the previous trading day. During the session, the stock rose to 624,000 won, setting a new 52-week high.

The previous day, HD Hyundai Electric announced that it had signed a supply contract with the largest power company in Texas, United States, for a total of 24 units of 765kV ultra-high voltage transformers and reactors, worth approximately 277.8 billion won.

This contract marks the largest single order in the company's history, with the supply scheduled for delivery in 2029. The company plans to expand its 765kV transformer production capacity through the scheduled expansion of its Alabama plant in the United States in 2027, actively responding to local demand in North America.