Doosan Enerbility [034020] was trading slightly higher in intraday trading on the 25th. On the same day, KB Securities maintained its 'BUY' investment opinion and a target price of 140,000 won, stating that "the materialization of the new North American nuclear power plant market is a matter of time."

As of midday trading on the 25th, Doosan Enerbility was trading at 73,100 won, up 100 won from the previous trading day. This represents a 0.14% increase compared to the previous day's closing price of 73,000 won. Based on the previous day's close, the upside potential to KB Securities' target price was calculated at approximately 91.8%.

■ 10 U.S. Nuclear Plants and 3 Polish Plants Enter the Visible Pipeline

The core of this outlook is the U.S. new nuclear power plant market. KB Securities placed weight on the possibility that the pace of new U.S. nuclear power projects could accelerate on the back of policy support. In particular, it cited as a key investment point the fact that a pipeline comprising 10 nuclear plants for the United States and 3 for Poland is entering the visible range.

In terms of performance, orders for nuclear power plant components are seen as the critical factor. KB Securities forecast that Doosan Enerbility's revenue and operating profit will improve as major component orders are reflected in 2026.

Previously, KB Securities adjusted its target price to 140,000 won while pushing back the timing of orders in the U.S. nuclear market from this year to next year. At that time, it also assessed that future orders for U.S. nuclear plant components were possible, considering the U.S. government's support for nuclear projects and its component procurement policies.

■ Key Variable Ahead: Timing of Order Placement and Contract Wins

For the future trajectory of Doosan Enerbility's share price, the timing of when new U.S. nuclear power projects translate into actual order placements and component contracts will likely be important. The pace of European nuclear projects such as those in Poland, and whether gas turbine business orders and revenues are reflected, are also variables to watch.

[ Securities firms' investment opinions and target prices are forecasts calculated based on the analyses and assumptions of the respective institutions and do not guarantee actual stock price gains. Nuclear power projects may see changes or delays in business timing depending on government policies, permits and approvals, order placement, and contract schedules, and order forecasts may also differ from actual contract signings. Investors need to comprehensively review corporate disclosures, earnings, order status, and market supply and demand before making investment decisions. This article is not intended to recommend the purchase or sale of specific stocks or to guarantee investment returns. This article was written with AI assistance.]