Hyosung Heavy Industries Corp

Hyosung Heavy Industries Corporation manufactures and sells heavy electrical equipment in South Korea. Its offerings include transmission and distribution products such as power, oil-immersed distribution, cast-resin, and special transformers, shunt reactors, high and medium/low voltage switchgears, high voltage direct current transmission systems, and STATCOM, a power electronic device for enhancing power system stability and quality. The company also provides system and engineering solutions, renewable energy products including energy storage systems, solar inverters, and wind turbines, as well as motors, generators, chemical equipment, gear boxes, welding machines, and construction services. Founded in 1962 and headquartered in Seoul, South Korea, it exports its products to North and Central America, Europe, Asia, and other international markets.

Energy Transition & Power Demand▲

Quanta Services Added to Russell Top 200 and Forms U.S. Grid Equipment Joint Venture with Hyosung

Quanta Services was added to the Russell Top 200, Russell 1000 Growth-Defensive, and Russell 1000 Defensive indexes in late June 2026, while being removed from several Russell value and midcap indexes. Separately, Hyosung Heavy Industries announced a new U.S.-based gas circuit breaker joint venture with a Quanta subsidiary, expanding Quanta's role in high-voltage grid equipment manufacturing. The index reclassification reflects a shift toward larger-cap and growth-oriented benchmarks but does not materially alter the company's business drivers or risks. The Hyosung joint venture is seen as a potential proof point for Quanta's ability to support large, complex grid projects central to its bull case.

PWR ▲298040.KO ▲

Energy Transition & Power Demand ▲

Simply Wall St·79dRead more →