Despite the release of first-quarter earnings this year, the stock prices of related companies have continued to surge instead of plummeting. This is because investors are focusing on future growth potential rather than simple financial figures. In particular, major companies supplying key materials for the solar industry are drawing new scenarios by forming partnerships with a giant leading the aerospace sector. The stock price soaring nearly 19% despite poor performance reflects investors' highly optimistic outlook for the future.
In the stock market, the company's stock has recorded a remarkable upward trend recently. While the overall index rose about 28% this month, the company recorded a massive surge of over 100%, firmly capturing investors' attention. This was not achieved in a short period but is the result of sustained interest and anticipation. Conversely, actual operating results have shown somewhat sluggish performance. Consolidated operating profit decreased by about 78% year-on-year, and revenue also fell to the 6% level. These figures are much lower than previously expected by securities firms, appearing on the surface as poor performance.
However, the market is ignoring these short-term financial figures and painting a bigger picture. As the demand destination for key materials expands from terrestrial solar power plants to outer space, the company is expected to become part of the core supply chain for space solar projects. Experts analyze that at least 30,000 tons of production capacity expansion is needed by 2028, interpreting this as a strong signal that collaboration between the company and aerospace firms is progressing smoothly. Particularly, given the industrial characteristics of certain countries that restrict the use of products from other regions, there are indications that cooperation with this company, which has low production costs and sufficient expansion capabilities, is highly likely.
Experts predict that if grand scenarios such as the construction of space data centers become reality, additional demand will surge. Considering that the current global production capacity of non-Chinese products is insufficient to meet this need, the utilization rate in that region is likely to have reached virtually maximum levels. The company plans to expand its capacity from the current 35,000 tons to 65,000 tons by 2028 based on its current production capacity, and news has also emerged that it is discussing long-term supply contracts worth 100 billion won. Considering the entry barriers of ultra-high-purity material technology, premium value in the aerospace industry value chain is expected to be maintained for a long time. Accordingly, the securities industry has repeatedly raised target stock prices for the company, and major brokerage firms that released reports last week have shown a move to raise target prices in unison. The place that presented the highest target stock price has significantly increased the previous figure, considering the possibility that profits will surge when the strategic shift to non-Chinese materials and capacity expansion are confirmed. The company, which has been evaluated as the top stock in the solar sector, is expected to continue showing strong growth momentum.