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Solar Energy Stocks Fall Across the Board... SK Enmove and Hanwha Solutions Down Over 3% as KOSPI and KOSDAQ Plunge Together

Solar energy-related stocks continued to weaken across the board in the afternoon session on the 12th. Major names such as SK Enmove, Hanwha Solutions, and Shinsung E&G were all declining, with Daemyung Energy and Geumyang Green Power each falling more than 4%. As of 2:17 p.m. on the 12th, SK Enmov

Oseong Kwon
Staff Reporter
4 min read
Solar Energy Stocks Fall Across the Board... SK Enmove and Hanwha Solutions Down Over 3% as KOSPI and KOSDAQ Plunge Together
CBC News

Solar energy-related stocks continued to weaken across the board in the afternoon session on the 12th. Major names such as SK Enmove, Hanwha Solutions, and Shinsung E&G were all declining, with Daemyung Energy and Geumyang Green Power each falling more than 4%.

As of 2:17 p.m. on the 12th, SK Enmove was trading at 44,350 won, down 1,650 won (-3.59%) from the previous session. Hanwha Solutions was trading at 34,700 won, down 1,300 won (-3.61%), and Shinsung E&G at 18,870 won, down 740 won (-3.77%). Nano Advanced Technology was also weak at the same time, down 2,400 won (-3.78%) from the previous session at 61,100 won.

The most notable decliners were Daemyung Energy and Geumyang Green Power. Geumyang Green Power was trading at 7,370 won, down 330 won (-4.29%), and Daemyung Energy at 12,920 won, down 580 won (-4.30%). All solar energy-related stocks checked that day were on the decline, continuing a burdensome trend from the start of the week.

The broader market was also weak. At the same time, the KOSPI index stood at 6,425.22, down 200.71 points (-3.02%) from the previous session. The KOSDAQ index was also down 36.20 points (-4.05%) at 856.07. With both the KOSPI and KOSDAQ falling 3-4%, the overall Korean stock market showed weakness, and the decline in solar energy stocks continued amid this market sentiment.

Meanwhile, solar energy-related stocks are a group of equities that can be affected by the growth outlook of the renewable energy industry, energy policies, and facility investment expansion. However, even among stocks classified as renewable energy-related, share price movements may vary depending on each company's business structure and performance.

[This article was written for the purpose of providing market information and does not constitute a recommendation to invest in any specific stock. Investment decisions and responsibilities rest with the investor.]

Oseong Kwon
Staff Reporter

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