DB Securities cuts Hanwha Solutions stock target to KRW 41,000 and upgrades rating

Published on 10/20/2026 at 00:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached KRW 4.58 trillion, up 47.00 percent year over year. Hanwha Solutions stock's value was KRW 7.0 trillion on October 19, 2026.

Targets and operating figures

DB Securities cut its target from KRW 51,000 to KRW 41,000 and upgraded its rating on October 15, 2026.
Second-quarter 2026 revenue reached KRW 4.58 trillion, up 47.00 percent year over year.
Market capitalization stood at KRW 7.0 trillion as of October 19, 2026, with a 52-week range of KRW 22,000.00 to KRW 59,300.00.

Hanwha Sol, KR7009830001, Illustration mit AI erstellt.

DB Securities cut its Hanwha Solutions target from KRW 51,000 to KRW 41,000 and upgraded its rating from Hold to Buy on October 15, 2026, Sateconomy reported. The change puts the valuation debate ahead of the company's expected third-quarter update.

Three dated developments

The recent sequence shows how policy, funding and estimates are shaping the stock. On September 30, 2026, Samsung Securities raised its target from KRW 33,000 to KRW 41,000, according to Pulse. On October 13, 2026, Hanwha Solutions completed a KRW 1.1713 trillion equity offering that added 53,000,000 common shares, according to Simply Wall St. DB Securities followed on October 15, 2026, cutting its target to KRW 41,000 while moving its rating to Buy, Sateconomy reported.

What supports the valuation?

Hanwha Solutions delivered a stronger second quarter than the prior-year period. Revenue reached KRW 4.58 trillion in the second quarter of 2026, up 47.00 percent year over year, while operating profit reached KRW 307.00 billion, according to ATS View. The operating margin was 6.70 percent, compared with 2.40 percent in the first quarter of 2026.

The debate is whether U.S. solar production can offset pressure elsewhere. Pulse reported that Hanwha Solutions had built a U.S. value chain spanning wafers, cells and modules, while a 15.00 percent tariff on selected imported solar products was scheduled to take effect on December 4, 2026. Sateconomy said DB Securities expects fourth-quarter advanced manufacturing production tax credits of KRW 300.00 billion and sees Cartersville utilization as a key variable.

KRW 33,950 close and range

Hanwha Solutions last stood at KRW 33,950.00 on the KRX on October 19, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 7.0 trillion, and the 52-week range was KRW 22,000.00 to KRW 59,300.00 as of October 19, 2026.