As demand for artificial intelligence (AI)-related electricity explodes in North America, the “Big T..
https://www.mk.co.kr/en/stock/12023118
Publish Date: 2026-04-21 04:32:00
Source Domain: www.mk.co.kr
- North America’s skyrocketing demand for AI is driving growth for the “Big Three” domestic power device companies: LS Electric, Hyosung Heavy Industries, and HD Hyundai Electric.
- LS Electric recorded its most significant quarterly profit in the first quarter of this year, with sales and operating profit surging 33% and 45% year-on-year respectively. Its North American sales rose by 80% compared to the same period last year.
- Despite strong financial performances overall, earnings outlook for Hyosung Heavy Industries and HD Hyundai Electric has been slightly tempered by Middle East sales delays due to the Hormuz crisis.
- Stock performance has also been robust for all three companies: LS Electric’s stock more than doubled by the end of the year, Hyosung Heavy Industries saw a 68.56% increase this year, and HD Hyundai Electric’s stock rose by 36.69% this year.
