![\"Photo](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260426.79e4a1f4c83344f0b527586b71e10682_P1.jpg\"\/ "\\"HD")
Photo courtesy of HD Hyundai<\/p>\nPhoto courtesy of HD Hyundai<\/p>\n
Shares of HD Hyundai Heavy Industries have surged nearly 45% in just two weeks. The company’s market capitalization has surpassed 70 trillion won ($51 billion), driven by strong orders in its core commercial shipbuilding business combined with new contracts for artificial intelligence (AI) data center power equipment and icebreaker vessels.<\/p>\n
Largest-Ever Power Equipment Contract Rides AI Tailwind<\/p>\n
According to the Korea Exchange on Wednesday, HD Hyundai Heavy Industries (329180.KS) closed at 671,000 won last Friday, up 4.68% from the previous trading day. The stock has climbed 30.5% from a week earlier, when it traded at 514,000 won, and 44.5% over the past two weeks. The performance stands out against a 4.6% gain in the KOSPI during the same period.<\/p>\n
The rally was directly triggered by a series of major order announcements unveiled on Oct. 22.<\/p>\n
On that day, HD Hyundai Heavy Industries said it had signed a contract with U.S. energy infrastructure developer Aperion Energy Group (AEG) to supply 20-megawatt power generation equipment based on its “HiMSEN” engines.<\/p>\n
The contract, valued at 627.1 billion won ($457 million), marks the company’s largest-ever power generation engine deal and its first entry into the U.S. data center market. The deal demonstrates the potential for shipbuilders to directly benefit from expanding AI infrastructure investment.<\/p>\n
On the same day, the company signed a contract with the Swedish Maritime Administration to build one dedicated icebreaker vessel worth approximately 510 billion won ($350 million). It marked the first time a Korean shipbuilder has won an overseas icebreaker order, beating out traditional icebreaker powerhouses such as Finland and Norway.<\/p>\n
HD Hyundai Heavy Industries shares jumped 11.28% on Oct. 22, posting the largest gain among top market-cap companies that day.<\/p>\n
Strong orders for gas carriers, including liquefied natural gas (LNG) and liquefied petroleum gas (LPG) vessels, are also stimulating investor sentiment. The company had already achieved 43% of its annual commercial vessel order target of $11.47 billion by the end of March, providing another boost.<\/p>\n
Market Cap Ranking Climbs Two Spots, Brokerages Raise Targets<\/p>\n
The stock’s surge has reshuffled market-cap rankings. As of last Friday, HD Hyundai Heavy Industries’ market capitalization stood at 70.43 trillion won ($51 billion), ranking ninth excluding preferred shares. That is up two spots from 11th on Oct. 17, just a week earlier.<\/p>\n
Brokerages are successively raising their price targets. NH Investment & Securities lifted its target price to 860,000 won from 800,000 won in a report issued Oct. 23. “HD Hyundai Heavy Industries is the only company that excels in all four areas: commercial ships, offshore, defense, and engines,” said Jung Yeon-seung, analyst at NH Investment & Securities.<\/p>\n
However, exchangeable bonds issued by HD Korea Shipbuilding & Offshore Engineering based on its 4.32% stake in HD Hyundai Heavy Industries, along with uncertainty over the entity responsible for U.S. investment, are cited as factors that could increase volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"Photo courtesy of HD Hyundai Shares of HD Hyundai Heavy Industries have surged nearly 45% in just two…\n","protected":false},"author":2,"featured_media":8807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[544,771,716,717,6746,295,6747,6748,274,986],"class_list":["post-8806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hd-hyundai-heavy","tag-ai-data-center","tag-aperion-energy-group","tag-hd-hyundai-heavy","tag-hd-hyundai-heavy-industries","tag-himsen-engine","tag-hyundai","tag-icebreaker-vessel","tag-korean-shipbuilding","tag-market-capitalization","tag-nh-investment-securities"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/8806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=8806"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/8806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/8807"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=8806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=8806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=8806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}