Doosan Enerbility′s stock price surged to a record high on reports of a contract to supply SMR facilities to the United States.

Doosan Enerbility's stock price surged to a record high on reports of a contract to supply SMR facilities to the United States.: COMPANY / Kim Minyoung / 2024-05-28 05:03:40

Doosan Enerbility

[Alpha Biz= Reporter Kim Minyoung] On the 27th, reports of Doosan Enerbility supplying equipment for a Small Modular Reactor (SMR) construction project by a major U.S. nuclear design firm caused its stock price to surge by over 16%.

In the stock market that day, Doosan Enerbility closed trading at 21,300 won, up 16.65% from the previous day. The stock price hit a new 52-week high, reaching as high as 21,750 won during the trading session.

Doosan Heavy Industries (8.86%) also reached a new 52-week high, rising to 218,500 won during the trading session.

Additionally, Doosan Bobcat (2.67%) and Doosan Fuel Cell (4.80%) also saw gains.

The surge in investor sentiment was attributed to media reports the previous day stating that Doosan Enerbility would supply components such as reactors and steam generator tubes for the SMR construction project being pursued by Newscale Power, the largest SMR design firm in the United States.