SK Ethnics Surges 114.79% in One Month to 80,600 KRW, Surpassing Analyst Targets

SK-3.81%
According to Korean Exchange, SK Ethnics surged 114.79% over the past month to 80,600 KRW on July 24, overshooting domestic brokerage price targets which stood at 60,000-66,000 KRW. Foreign investors and institutions led the rally, purchasing 140.6 billion and 99.5 billion KRW in shares respectively during the period. The rally reflects rising international oil prices amid U.S.-Iran geopolitical tensions, boosting demand for renewable energy. SK Ethnics operates wind, solar, and energy storage businesses benefiting from increased corporate RE100 adoption and government policy support.
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