[Click e-Stock] "Dasco, a Company Capable of Executing the Entire Solar Power Infrastructure Process, Yet to Be Recognized"

On November 12, independent research firm ValueFinder analyzed that Dasco is a company capable of executing the entire solar power infrastructure process, which has not been widely recognized. The firm expects Dasco to benefit based on the Ministry of Trade, Industry and Energy's renewable energy budget proposal. According to data from the Ministry, the 2026 budget for artificial intelligence transition is 1.1347 trillion won, and the budget proposal for renewable energy is 1.2703 trillion won.

Dasco, listed on the KOSPI in 2004, specializes in SOC (Social Overhead Capital) and energy businesses. While the company previously expanded its business domain within the SOC sector, focusing on road safety facilities, it is now accelerating its transformation into an energy-specialized company by expanding into the renewable energy sector.

Lee Chungheon, a researcher at ValueFinder, explained, "Dasco is one of the few listed companies in Korea capable of carrying out the entire solar power business process, from design and construction to EPC (Engineering, Procurement, and Construction) and O&M (Operation and Maintenance)."

President Lee Jaemyung, at a press conference marking his 100th day in office last September, emphasized the expansion of renewable energy centered on solar power as a measure to meet the growing electricity demand driven by the growth of the AI industry. This is presumed to be because nuclear power plants require at least 15 years to build, whereas solar and wind power can be established within one to two years.

Additionally, the government presented its goal through the "11th Basic Plan for Electricity Supply and Demand" to expand the share of renewable energy generation to about 40% by 2030, with more than half of that to be supplied by solar power. Therefore, analysis suggests that, at this point where both policy momentum and market demand are aligned, attention should be paid to companies related to renewable energy.

Researcher Lee stated, "Dasco is expected to achieve approximately 95 billion won in revenue related to renewable energy this year," and added, "This represents about 90% growth year-on-year, indicating not only technological capability but also that the company has proven its ability to immediately execute projects."

Based on this, although the company recorded an operating loss in the first half of the year, its current order backlog stands at 160 billion won, making a turnaround to profitability possible in the second half.

He further added, "According to the company, there are no plans for additional fundraising or capital increase, and the second round of convertible bonds has been fully repaid, further enhancing financial stability."

This content was produced with the assistance of AI translation services.