[Market Focus] LS ELECTRIC Rises 7% on News of Transformer Supply to North American AI Data Center
Shares of LS ELECTRIC, which recently signed a contract to supply ultra-high voltage transformers to a North American artificial intelligence (AI) data center, are on the rise.
As of 9:12 a.m. on April 6, LS ELECTRIC was trading at 821,000 won, up 52,000 won (6.76%) from the previous trading day.
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On this day, LS ELECTRIC announced that its subsidiary, LS Power Solution, has signed a contract worth approximately 70.26 million dollars (about 106.6 billion won) with a U.S. energy infrastructure company to supply ultra-high voltage transformers. The 345kV ultra-high voltage transformers will be supplied for microgrids that power a major big tech data center in the central United States. The supply period is scheduled to begin in the fourth quarter of next year and continue through the first half of 2028.
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