LS Electric has secured a landmark deal worth 300 billion won (approximately $240 million) with U.S. fuel cell maker Bloom Energy, sending its stock soaring in after-hours trading. The contract, which involves the supply of power equipment and infrastructure for Bloom Energy's solid oxide fuel cell systems, marks one of the largest agreements in LS Electric's history.
Investors reacted positively to the news, with LS Electric shares climbing sharply in extended trading on April 29, 2026. The deal is seen as a major boost for the company's presence in the clean energy sector and is expected to drive significant revenue growth over the next few years.
Industry analysts note that the partnership with Bloom Energy positions LS Electric at the forefront of the global energy transition, leveraging its expertise in power systems to support fuel cell technology. The contract includes the delivery of transformers, switchgears, and other critical components.
Bloom Energy, known for its efficient and low-emission fuel cells, has been expanding its manufacturing capacity and infrastructure needs, making LS Electric a key supplier. The deal is part of Bloom's broader strategy to scale up production and deployment of its energy servers.
LS Electric's stock has been on an upward trajectory in recent months, fueled by growing demand for power equipment in renewable energy and infrastructure projects. This latest contract is expected to further bolster investor confidence.