SK Ecnics Surges 113.79% in One Month, Stock Breaks Brokers' Price Targets

According to Korea Exchange, SK Ecnics' stock surged 113.79% in one month through July 23, rising from 37,700 won to 80,600 won. The stock hit its daily price limit on July 23.

Foreign investors purchased 140.6 billion won worth of shares while institutions bought 99.5 billion won during the same period, driven by rising international oil prices amid U.S.-Iran geopolitical tensions, which bolstered demand for renewable energy stocks. The renewable energy and energy storage specialist's stock price now exceeds the 66,000 won price target set by Hana Securities in July.