Hanwha Solutions stock follows Q3 profit rebound led by solar
Published on 11/11/2026 at 00:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSolar Gains Offset Chemical Pressure
- Hanwha Solutions returned to operating profitability for a third consecutive quarter.
- US module sales and residential energy improved the Renewable Energy division.
- Weak chemical prices and costly raw materials continued to weigh on earnings.
Hanwha Solutions returned to operating profitability in the third quarter, with renewable energy offsetting pressure from chemicals, according to Financial News. The company announced the results on October 29, 2026, reporting consolidated revenue of 3.9486 trillion won, up 17.4 percent from a year earlier, and operating profit of 90.5 billion won.
Renewables Lead The Rebound
The result marked a return to profit from an operating loss of 7.4 billion won in the year-earlier quarter and extended Hanwha Solutions' profitable run to three quarters. Operating profit nevertheless fell 70.5 percent from the previous quarter, showing that the recovery remains uneven.
The Renewable Energy division generated revenue of 2.1632 trillion won and operating profit of 105.1 billion won. Higher US module sales and improved profitability in residential energy supported the division's performance.
Chemicals Remain A Drag
The Chemicals division recorded revenue of 1.3426 trillion won and an operating loss of 44.7 billion won. Financial News attributed the pressure to weaker product prices, narrower geopolitical risk premiums, lower international oil prices and the delayed effect of high-cost raw materials.
Advanced Materials revenue reached 291.9 billion won, while operating profit was 38.9 billion won. Higher production volumes at North American customers for lightweight composite materials helped the division, and solar-material sales remained stable.
Pricing And Project Timing Matter
Chief Financial Officer Lee Jae-bin said module selling prices were expected to continue rising in the fourth quarter in response to changes in US trade policy. He also cautioned that short-term earnings volatility could persist because selling prices, EPC project schedules and project costs flow through with a delay.
For investors, the results highlight a split earnings profile: solar operations are providing support, while chemicals and project execution remain key swing factors for the next quarter.
The broader European equity market offers a separate international backdrop for clean-energy and materials shares.
Hanwha Solutions At A Glance
- Company: Hanwha Solutions Corporation
- Ticker: 009830.KS
- Home exchange: Korea Exchange
- Third-quarter revenue: 3.9486 trillion won
- Third-quarter operating profit: 90.5 billion won
