Enter 2021.01.10 06:00
The stock prices of eco-friendly energy companies, which are considered the beneficiaries of President-elect Joe Biden, are rising again ahead of President Biden’s inauguration. Leading by secondary batteries, stocks related to solar, hydrogen, and wind power are also strong.
As Biden’s election was confirmed and the Democratic Party dominated both the Senate and House, the prospect that the eco-friendly energy promotion policy would be implemented in earnest stimulated investment sentiment. In this case, it is likely that the stock prices of domestic eco-friendly energy companies will gain momentum in the mid to long term.
Doosan Fuel Cell, a hydrogen energy company, followed by 27.1%, a wind energy company. CS Wind (112610)Rose 48.3%. Recently, the news that SK Group is entering the global hydrogen market by investing in the US hydrogen energy company Plug Power. SK(034730)It also rose by 20.1%.
President-elect Biden, whose inauguration ceremony is scheduled for the coming 20th (local time), has promoted the eco-friendly energy industry as a key pledge from last year. The Korean government also announced the’Green New Deal’ aimed at fostering the renewable energy industry throughout the year.
Minseo Cho, a researcher at Shinhan Investment Corp. said, “With the election of President Biden of the United States and the seizure of the Senate and House of Representatives of the Democratic Party, the new and renewable energy policy is expected to gain momentum.” “There is.”
Shin Seung-jin, a researcher at Samsung Securities, predicted, “The Korean government is also reducing the proportion of fossil energy and promoting the transition to new and renewable energy by declaring carbon neutrality in 2050 with the Green New Deal.”
However, Lee Jeong-yeon, a researcher at Meritz Securities, said, “The interest in eco-friendly stocks needs to be approached from a mid- to long-term perspective even after President Biden was elected.” .