LS Materials Surges 30% as it Nears All-Time High: KB Securities Bullish on Renewable Energy and Electric Vehicles
Key Ideas
- LS Materials stock rose 18.55% in a day and is up 30% in two months, nearing its all-time high after hitting a low in April.
- The company benefits from being a major supplier of high-efficiency fuel cell parts to Bloom Energy and a supplier of Ultra Capacitors to NextEra Energy.
- KB Securities sees LS Materials as a beneficiary of the renewable energy and electric vehicle sectors, expecting high growth from front-end industries and synergy effects within LS Group.
- The company's technological competitiveness in Ultra Capacitors and aluminum materials positions it well to capitalize on the growth in wind power generation, smart factories, electric vehicles, hydrogen fuel cells, and more.
LS Materials, a South Korean company, has seen its stock surge 30% as it approaches its all-time high after experiencing a low point in April. The rise is attributed to its role as a key supplier of fuel cell parts to Bloom Energy and Ultra Capacitors to NextEra Energy. KB Securities is optimistic about LS Materials, considering it a beneficiary of the renewable energy and electric vehicle sectors, citing potential growth in these industries and synergy effects within LS Group. The company's focus on advanced technologies like Ultra Capacitors for wind power generation, smart factories, and electric vehicles, as well as aluminum materials for various applications including electric vehicles and hydrogen fuel cells, positions it well for future growth.