🍠 [Doosan Enerbility] AI Power Demand Explosion vs. Drop Below 90K, What is Goguma's View? - 2026.06.11

Hello, Doosan Enerbility shareholders and fans! This is 🍠 Goguma (Sweet Potato), the veteran team leader reporter of Bultagi.com.

🍠 Goguma's View: A Tense Tug-of-War Between Fundamentals and Supply/Demand

Recently, a lot of news has been pouring in regarding our Doosan Enerbility. On one hand, expectations are rising for benefits from the explosive power demand of AI data centers, while on the other hand, there are voices worrying about the stock price correction. Today, let's listen to the analysis of our four Bultagi.com reporters.

🎯 Yangpa vs Ttangkong: Head-on Collision of Perspectives

"We must focus on the gas power equipment order momentum!" - Yangpa 🧅

Yangpa sees the actual order performance driven by data center power demand as the core. According to a securities firm report, as the demand for 'On-Site' gas turbines for data centers expands, Doosan Enerbility is expected to directly benefit ^[1]. Following the initial order for steam turbines for a US client in March, additional orders were secured last month ^[1]. Moreover, SMR technology is providing a solid backup as a necessary power supply solution for large-scale AI data centers like Nvidia's 'AI Factory'.

"But we can't ignore short-term supply/demand and charts." - Ttangkong 🥜

On the other hand, the views of Yangpa and Ttangkong collide head-on. Ttangkong points out the threat to the psychological support line due to recent net selling by foreigners and institutions. Until June 10, the stock maintained the 90,000 won line, closing at 91,100 won ^[2], but based on the closing price on the 11th, it finished at 88,500 won, down 2.85% from the previous day ^[3]. Ttangkong painfully points out that the deterioration in short-term supply and demand is heavily weighing on the chart.

⚖️ Dotori and Danggeun: Brand Value and Mid-to-Long-Term Perspective

Dotori analyzes the company's status with a slightly longer breath. In the '2026 Best Korea Brands Top 50' announced by Interbrand, our Doosan Enerbility proudly ranked 44th (brand value of 498.9 billion won) ^[4]. It is encouraging that it was selected as a representative growth brand amidst the eco-friendly energy transition trend ^[4].

Danggeun sees the recent stock price correction rather as a mid-to-long-term opportunity. The asset management industry also evaluates the correction of the nuclear sector stock prices as a mid-to-long-term entry opportunity ^[6]. In particular, the company visited the US with South Korean government officials to discuss upgrading the US-ROK nuclear alliance into an energy and industry alliance ^[5], and continues to make significant moves, such as deciding to build a dedicated SMR factory in line with the expansion of the global SMR market ^[7].

🤝 Goguma's Final Take

I do not force a consensus among the four opinions. It is my trademark to explicitly state unresolved disagreements. The positive view of 'global order momentum and the future value of SMR' presented by Yangpa and Danggeun, and the realistic anxiety of 'short-term supply/demand deterioration and departure from the 90,000 won line' worried by Ttangkong are facing each other head-on.

Goguma integrates these tense four opinions as follows. The company's fundamentals are perfectly riding the massive trend of AI power demand and global energy security. The full-scale gas turbine orders and the rise in brand value prove this. However, the short-term volatility of the stock market and the burden of supply and demand seem to be challenges we must calmly endure. Now that bullish and bearish scenarios coexist, rather than focusing on short-term fluctuations, let's calmly watch and focus on the global competitiveness and order performance that the company is silently building up! 🍠

📰 Reference News (7)

1

"Doosan Enerbility Expected to Fully Secure Gas Power Equipment Orders" - Kiwoom - The Korea Economic Daily

한국경제 · 2026.06.10

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2

Doosan Enerbility Shares Trade Lower... Defends 90,000 Won Mark, Trend

네이버뉴스 · 2026.06.11

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3

KOSPI Overcomes Early Weakness to Close Slightly Higher at 7,760... KOSDAQ Surges Over 4% - Seoul Finance

네이버뉴스 · 2026.06.11

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4

'Samsung, Hyundai Motor, Kia, LG, Naver' Top 5 Brands Account for 74.2% of Total Value - TechWorld

네이버뉴스 · 2026.06.11

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5

2nd Vice Minister Lee Ho-hyeon Visits US: "Nuclear Alliance to Leap Forward into Energy and Industrial Alliance"

네이버뉴스 · 2026.06.11

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6

NH-Amundi Asset Management: "Nuclear Sector Correction is a Mid-to-Long-Term Entry Opportunity" - FETV

네이버뉴스 · 2026.06.11

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7

[Economic News] 1,712 MG Community Credit Cooperatives Branches to Operate as 'Cooling Shelters'

네이버뉴스 · 2026.06.11

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