LS Electric shares jumped 5.46% on April 6 after the company announced a transformer supply contract for an AI data center in the United States.
The company’s subsidiary, LS Power Solutions, secured a contract worth $70.26 million with a U.S. energy infrastructure firm to supply 345 kV ultra-high voltage transformers. The equipment will power a microgrid serving a major tech company’s data center in the central United States. Delivery is scheduled from the fourth quarter of 2027 through the first half of 2028.