[Market Focus] Hyundai Engineering & Construction Shares Surge Over 7% on Nuclear Power Momentum Expectations

Hyundai Engineering & Construction shares are showing strong gains of over 7% on expectations of nuclear power momentum.

As of 9:53 a.m. on February 3, 2026, Hyundai Engineering & Construction shares were trading at 105,900 won, up 7.19% (7,100 won) from the previous trading day.

On this day, Kyobo Securities maintained its "Buy" investment rating and a target price of 130,000 won for Hyundai Engineering & Construction. Lee Sangho, a researcher at Kyobo Securities, stated, "This year marks a period of increasing visibility for Hyundai Engineering & Construction's nuclear power pipeline. The Palisades Small Modular Reactor (SMR) project, which is being promoted in cooperation with Holtec International in the United States, completed its Limited Work Authorization (LWA) application last month and is aiming for approval by the end of the year."

He added, "Construction is expected to begin with site groundbreaking in the first quarter of this year, followed by the promotion of engineering, procurement, and construction (EPC) contracts. The total contract size is estimated to be around 4.9 trillion won. In addition, the final investment decision (FID) for Units 7 and 8 of the Kozloduy Nuclear Power Plant in Bulgaria is expected in the second half of the year, after which EPC facility contracts worth approximately 9.5 trillion won are likely to be pursued."