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GS Yuasa shares rise as foreign brokerage names it core renewable energy stock
GS Yuasa Corporation <6674> shares rose on Tuesday after Morgan Stanley MUFG Securities initiated coverage of the stock with an "Overweight" rating, its highest investment tier. The brokerage set a price target of 8,250 yen. Morgan Stanley MUFG highlighted growing demand for energy storage systems (ESS) as renewable energy adoption expands, noting that such systems are crucial for stabilizing power supply. The firm rates GS Yuasa as a core Japanese play for renewable energy ESS. While the company has previously been valued for its mobility sector batteries, expectations are rising for its role as a key supplier for social infrastructure, the brokerage noted.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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