0034 GMT - HD Hyundai Electric could maintain strong earnings growth through 2030, supported by U.S. power-grid upgrade projects, Daiwa Capital analysts Mike Oh and Daeho Son write in a note. They expect the South Korean electrical-equipment maker to lift its "too conservative" 2027 revenue guidance, citing recent contract wins in the U.S. The company's KRW258-billion September deal to supply 765-kilovoltage large power transformers to a Texas customer should materially improve its backlog order in 2028-2029, they say. The company's operating-margin improvement is expected to accelerate until 2030, given the limited competition in the U.S. high-voltage power transmission projects and clients' long-term bookings, they add. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
December 02, 2025 19:34 ET (00:34 GMT)
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