[Edaily Reporter Kwon Oh Seok ] HYOSUNG HEAVY INDUSTRIES(298040)’s stock price is surging in early trading. It appears that buying interest is surging on the back of positive outlooks from the securities industry. A HYOSUNG HEAVY INDUSTRIES ultra-high-voltage circuit breaker installed in the U.S. power grid. (Photo courtesy of HYOSUNG HEAVY INDUSTRIES.) According to MP Doctor on the 4th, as of 9:09 a.m., HYOSUNG HEAVY INDUSTRIES is trading at 2.67 million won, up 7.01% from the previous trading day. Earlier that day, DaishinSecurities released a report revising upward its earnings and order outlook for HYOSUNG HEAVY INDUSTRIES. However, it lowered its target price from 4.8 million won to 4.2 million won. Heo Min-ho, an analyst at DaishinSecurities, stated, “While we have raised our earnings and order intake forecasts for this year and the medium to long term, we are lowering the target price to 4.2 million won to reflect interest rate hikes and the expectation that the target price will be realized within six months.” This year’s projected revenue and operating profit were raised by more than 10% from previous forecasts to 7.333 trillion won and 1.182 trillion won, respectively, and the order intake forecast for the heavy industry division was also raised to 14.082 trillion won. The firm also expects the favorable business conditions in the U.S. power equipment sector to strengthen further. Previously, in November 2025, HYOSUNG HEAVY INDUSTRIES signed a long-term strategic agreement with U.S. power companies American Electric Power (AEP) and Quanta Services to build power infrastructure. Analyst Heo noted, “Business cooperation could expand in the future to include gas-insulated switchgear (GIS), STATCOMs, and transformers.” The spread of dedicated large-load rate plans in the U.S. is also a favorable factor. Analyst Heo noted, “As of July 2026, dedicated large-load rate plans have been approved in 24 U.S. states, with six states currently reviewing them,” adding “Utilities can bring forward the timing of contracts for high- and extra-high-voltage transformers and circuit breakers by reducing the burden of capital investment costs, shortening review periods, and accelerating the transition of demand response allocation slots to firm demand. Additionally, well-capitalized artificial intelligence (AI) data centers are more likely to pay higher prices,” he added.
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