[Market Feature] Doosan Enerbility Surges Over 7% on Hopes for Additional Orders

The stock price of Doosan Enerbility, which signed a contract to supply two gas turbines to a major U.S. big tech company, surged by over 7% on October 15, driven by expectations of additional orders.

As of 2:15 p.m. on this day, Doosan Enerbility was trading at 81,700 won per share, up 7.78% from the previous trading day, marking a new all-time high.

This surge is attributed to continued buying momentum following the news that Doosan Enerbility had signed a contract to supply two 380MW-class gas turbines to a U.S. big tech company. The contract is significant as it marks the company’s first overseas export case and its entry into the rapidly growing artificial intelligence (AI) data center sector.

The securities industry is also expressing a positive outlook. Jung Hyejeong, a researcher at KB Securities, stated in a report released today, "The growth of the gas turbine business is just beginning," and added, "Further orders are anticipated."

She explained, "Doosan Enerbility’s greatest competitive advantage in the gas turbine sector is its fast delivery. As demonstrated in this order, delivery is possible within one year to one year and a half. As a relatively late entrant, the company does not have a large backlog of orders, and it plans to expand its gas turbine production capacity from the current six units to eight units next year."

She further added, "In addition to the confirmed order for two gas turbines, Doosan Enerbility is also negotiating with several big tech companies to supply more than eight additional units. Considering this, additional orders are likely to materialize between the end of this year and next year," and emphasized, "This is expected to serve as a clear driver for valuation growth by securing long-term earnings visibility."