5 stories mentioning KRX:010120Updated 32d ago
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LS Electric's (KRX:010120) US-based subsidiary, LS Electric America, won a contract from Bloom Energy to supply fuel cell-based power systems for North American data centers, according to a Friday filing with the Korea Exchange.The agreement, valued at 319 billion won, is valid until March 29, 2027.Shares of LS Electric fell over 6% in recent trade.
LS Electric's (KRX:010120) US-based subsidiary LS Electric America secured a contract from Bloom Energy to supply fuel cell-based power systems for North American data centers, according to a Wednesday filing with the Korea Exchange.The contract, valued at 319 billion won, is valid until March 29, 2027.Shares of LS Electric rose nearly 5% in recent trade.
South Korean shares closed at a new high on Monday, with the primary index crossing the 6,600 level amid a rally led by chip stocks and power equipment manufacturers.The Korea Composite Stock Price Index or Kospi rose 139.4 points, or 2.2%, to end at 6,615.03. The Kosdaq also increased by 22.34 points, or 1.9%, to close at 1,226.18.Shares of chipmakers such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 2% and nearly 6% at market close, while those of Kosdaq-listed Fadu (KOSDAQ:440110) jumped over 19%.Gains were also driven by shares of power equipment manufacturers LS Electric (KRX:010120) and Hyosung Heavy Industries (KRX:298040), which added nearly 13% and 11%, respectively.In corporate news, Fadu posted first-quarter net income of 10.2 billion won, rebounding from a net loss of 12.1 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean chipmaker's sales revenue surged 210% year over year to 59.5 billion won from 19.2 billion won.
LS Electric (KRX:010120) posted first-quarter net income attributable to shareholders of 121.1 billion won, up 73% from 69.9 billion won the year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the electric power equipment manufacturer were up 33% year over year to 1.376 trillion won from 1.032 trillion won.
LS Electric (KRX:010120) secured a power infrastructure supply deal from its US subsidiary LS Electric America, according to a Monday filing with the Korea Exchange.The contract, valid till Dec. 31, is valued at 170.3 billion. Under the deal, the South Korean electrical equipment manufacturer will supply switchgear and distribution transformers to LS Electric America, which has secured a North American hyperscale data center power infrastructure project, the filing said.Shares of LS Electric plunged more than 77% at market close.
