[Focus Stock] Paru Jumps 28% Early in Session on Solar Hopes as Musk Draws Attention
Also Closed at the Upper Price Limit in the Previous Session
Paru is surging, jumping 28% on expectations for the solar power industry.
As of 9:20 a.m. on the 5th, Paru was trading at 1,296 won on the Korea Exchange, up 28.19% from the previous session. Paru had also closed at the upper price limit the previous day.
![[Focus Stock] Paru Jumps 28% Early in Session on Solar Hopes as Musk Draws Attention](http://www.asiae.co.kr/news/img_view.htm?img=2026020411512728343_1770173487.jpg)
The rally is seen as being driven by optimism about the solar power industry, fueled in part by remarks from Tesla CEO Elon Musk. Musk's SpaceX is pursuing a strategy to produce and supply electricity directly in outer space through a solar power-based satellite constellation. He has also stated that the goal is to increase Tesla and SpaceX's combined annual solar power production capacity to a total of 200 GW by 2028.
In addition, it was reported that the Tesla team and SpaceX team dispatched by Musk visited several local solar power companies in China the previous day.
Hot Picks Today
"It's Not Just Housing Costs: The Real Culprit Behind the Plummeting Birth Rate Revealed"
- Get 2,000 Won Back on Purchases Over 10,000 Won... Essential Tips for Office Workers to Save on Meals [The Essentials of Benefits]
- "Key Figures at SpaceX Share a Common Background"...They All Come from 'Here'
- "Shocking, Nearly a Heart Attack"...Venomous Snake Found on Passenger Jet Carrying 345 Passengers
- "Hope They Don’t Get Sick": Why Mexicans Were Disappointed by Son Heung-min’s Visit to a Local Taco Shop
Jeon Uje, an analyst at KB Securities, said in a report, "Musk has presented overly ambitious targets in the past, so there is doubt about the feasibility, but it is clear that solar power, electric vehicles, AI, robots, and space are all interconnected in his future plans."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
