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● Lee Jae-myung’s Renewable Energy Pledge- Stocks Surge

2024 Renewable Energy Theme: Complete Mastery of Policy, AI, and Global Trends

A complete summary of the 'renewable energy' theme, which has recently emerged in both the global economy and the domestic stock market.
This article covers ▲policy trends (including candidate Jae-myung Lee), ▲the surge in energy demand due to AI & data centers, ▲the global nuclear/renewable transition, and ▲analysis of actual beneficiary stocks (Daemyung Energy, SK E&S/SK Eternix).
Both short-term and mid-to-long-term investors can properly grasp the flow here.
In particular, we have carefully organized everything from 'policy theme stocks – real beneficiary industrial structure – trading strategies' that you have only encountered through news, so we recommend you read until the end.

1. Soaring Policy Beneficiary Stocks: The Beginning of a Policy-Centered Theme

• Jae-myung Lee, the presidential candidate of the Democratic Party of Korea, has put forward 'expansion of renewable energy' as a major pledge.
• Announced policies to significantly increase the proportion of sunlight and wind power pensions and renewable energy – triggering a surge in related theme stocks.
• In recent TV debates, he also emphasized the transition to renewable energy as a social transformation, arguing for a "balanced energy mix" rather than simply opposing nuclear power.
• Securities analysts expect the expansion of renewable energy to be inevitable over the next five years, given the current status of international carbon reduction pledges.
• In fact, the domestic offshore wind power market is expected to be the largest in Asia, excluding China.

2. Global Trends: Nuclear Power ↔ Renewable Energy Mix, Between Reality and Ideal

• European countries have a high demand for transition from legacy energy (oil/fossil fuels), but in reality, the necessity of nuclear power is being re-emphasized.
• Spain recently experienced a large-scale blackout: 70% reliance on renewable energy, simultaneously highlighting climate issues and power supply stability.
• Major countries such as Italy are also shifting to a "maintain and expand as needed" realistic approach rather than closing or reducing nuclear power plants.
• Korea is also strategically considering investments in new nuclear power plants such as SMR (small modular reactors).
• Ultimately, a 'two-track' strategy of renewable energy and nuclear power is solidifying as a global mega-trend.

3. AI·Data Center Proliferation: Signal Flare for Energy Demand Explosion

• AI industry, data center investment (US big tech companies all increased CAPEX by 30~70%) → explosive increase in power demand.
• Energy demand is expected to quadruple by 2030, and data centers are expected to consume six times more power than before.
• Carbon reduction issues + energy supply and demand problems = acceleration of fossil fuel replacement is essential
• As a result, the market for not only renewable energy infrastructure but also nuclear power and ESS (energy storage system) is expected to grow together.

4. Analysis of Representative Renewable Energy Companies and Short-Term/Mid-Term Trading Strategies

A. Daemyung Energy

• A renewable energy company specializing in solar and wind power.
• Stable power sales structure, stable sales + excellent cash flow.
• After breaking through the upper limit, entering the digestion phase of the supply zone – a short-term pullback is possible, but an additional rally is possible upon breakthrough.
• Short-term buy timing: buy in installments below the opening price, first target price of 28,000 won, stop loss price of 22,000 won.
• Expectations of simultaneous rise due to policy stock characteristics + AI infrastructure connectivity.

B. SK Eternix (formerly SK E&S)

• Rapid growth in renewable energy (solar and wind power) and ESS businesses.
• Recently acquired a 20% stake in the US Curidi Flex ESS company → full-scale entry into the global ESS market.
• Successfully completed the 100MW Texas EXS project, recognized for its technology and business potential.
• Future order backlog recorded at 580 billion won, with rising earnings/consensus.
• Breakout of the supply zone is imminent, buying at the opening price is valid. Target price of 23,000 won, stop loss price of 19,000 won.
• Equipped with both policy and self-growth momentum, mid-to-long-term holding strategy is possible.

5. Approach Strategies for Policy Stocks and Theme Stocks: Take Care of the Essence

• Character stocks (typically Yujin Robot, etc.) have a high possibility of material extinction as elections approach.
• For policy-related stocks, pay attention to beneficiaries of long-term transition + earnings-accompanied structure even after the election.
• Can be bundled together with AI/data centers and energy infrastructure to set up 'structural growth'.
• Global megatrends (Green New Deal, carbon neutrality, renewable energy/nuclear mix) → mid-to-long-term investment perspective is important.

6. Conclusion and Comprehensive Investment Strategy

• 'Renewable energy' started as a short-term policy theme, but is expected to continue its long-term growth trend thanks to the expansion of big tech infrastructure + global carbon reduction trends.
• Policy stock response should be strictly switched to 'core structural beneficiary stocks', and it is essential to select companies that have secured actual growth potential rather than character stocks.
• It is necessary to balance short-term/mid-term theme profit realization and long-term growth portfolio.
• Attention should be paid to 'growth stocks with substance' such as AI and new energy industries, renewable energy, ESS, and new nuclear power.

< Summary >
The renewable energy theme has high short-term + long-term investment appeal due to the combination of policy variables, the surge in demand for AI data centers, and global carbon reduction trends.
Daemyung Energy and SK Eternix are practical beneficiary stocks, securing both short-term theme strength + mid-to-long-term growth potential.
In the future, the point of contact for theme stocks is expected to shift the center of gravity from policy stocks → structural growth stocks.
It's time to take care of mid-to-long-term growth investment strategies by bundling policy, AI, and global trends.

[Related Articles…]

• 2024 Global Carbon Neutral Era, Review of Korean Strategy
• Changes in the Energy Mix and Prospects for Major Beneficiary Stocks

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