HD Hyundai Electric Likely to Top 2026 New-Contract Target -- Market Talk
Dow Jones
Feb 09
0015 GMT - HD Hyundai Electric is likely to top its 2026 target for new contract wins as global power-grid investments increase, Kiwoom Securities' Lee Han-gyeol writes in a note. The South Korean electrical-equipment maker continues to benefit from solid demand for power transformers and circuit breakers in North America and from supply shortages in Europe, the analyst says. The company guides for $4.22 billion worth of new contract wins this year, and its annual order intake is likely to exceed guidance, he adds. In 2025, the company topped its annual target of $3.82 billion by securing $4.27 billion worth of new orders. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 08, 2026 19:15 ET (00:15 GMT)
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