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Doosan Fuel Cell Wins Four Fuel Cell System Supply, Services Contracts; Shares Jump 8%

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Doosan Fuel Cell (KRX:336260) secured four fuel cell system supply and service contracts from YH Power 1 and YH Power 2, according to several filings with the Korea Exchange on Thursday.

The fuel cell system supply contract and a long-term service agreement (LTSA) for fuel cell systems with YH Power 1 are valued at 31 billion won and 28.8 billion won, respectively. The contract for the fuel cell system supply is valid till March 31, 2028, and the LTSA is valid till March 31, 2048, the filing said.

The fuel cell system supply contract and the LTSA for fuel cell systems with YH Power 2 are valued at 29.6 billion won and 27.5 billion won, respectively. The contract for the fuel cell system supply is valid till March 31, 2028, and the LTSA is valid till March 31, 2048, it said.

Shares of Doosan Fuel Cell added nearly 8% in recent trade.

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