SK Eternix showed strong momentum, surging nearly 15% during the session. Investor sentiment improved significantly as Meritz Securities released an outlook forecasting that the expansion of domestic data centers will benefit the renewable energy sector.

During trading on the 1st, SK Eternix was traded at 59,400 won. This represents an increase of 7,700 won (14.89%) from the previous trading day, with buying pressure flowing in from the early hours of the session and widening the gains.

In a report released that day, Meritz Securities projected that domestic data center construction will grow rapidly over the mid to long term. In particular, it expects a total of 18GW of data centers to be built by 2035, analyzing that expanding power supply will become an essential task.

Attention in the securities industry is focusing on the likelihood that power grid expansion and an increase in the share of renewable energy generation will be pursued simultaneously to address the rising power demand from data centers. As policies to expand eco-friendly power sources are expected to be implemented alongside maintaining power supply stability, the growth potential of related companies is being highlighted.

Meritz Securities assessed that SK Eternix is promoting domestic renewable energy development centered on solar and wind power generation businesses, and is expanding its business footprint by recently participating in the Energy Storage System (ESS) central contract market. Accordingly, it identified SK Eternix as the top candidate to benefit from the expansion in power demand driven by the increase in data centers.

The prevailing view in the market is that interest in power infrastructure and renewable energy-related stocks will persist for the time being, as large-scale data center investments continue amid the growth of the artificial intelligence (AI) industry. However, some analyses suggest that stock price volatility could widen depending on actual business performance and the pace of progress on new projects, which should also be monitored.

[This article was written with the assistance of AI. This article is not intended to solicit investment, and the final decision and responsibility for investments lie with the investor.]