Nasdaq Newcomer 'Hydrogen Power Stocks' Sees Market Cap Surge by 2.5 Trillion Won in One Day

INNIO NV (ticker: INIO) closed at $33.37 on Nasdaq on the 10th, up 6.17%, marking its fifth consecutive day of gains since listing. Trading volume topped 2.92 million shares, and its market capitalization swelled to approximately $25 billion (roughly ₩38 trillion). In a single day, about $1.6 billion (around ₩2.5 trillion) was added to its market value.

Last week, the company completed an oversubscribed IPO on Nasdaq, issuing 90 million shares and raising $2.43 billion, and its stock jumped more than 20% above the $27 offering price in its first trading session. In April, it also successfully demonstrated a 3 MW, 100% hydrogen-fueled emergency power system for data centers, fueling investor optimism about the benefits for AI data center power infrastructure. ()

INNIO specializes in gas engines and distributed energy equipment, operating production facilities in Jenbach, Austria, and Waukesha, USA. The company offers solutions that simultaneously provide electricity, heat, and gas compression by utilizing natural gas, hydrogen, and biogas. After spinning off from GE’s gas engine division via a private equity acquisition, it now markets its products globally under the Jenbacher and Waukesha brands, targeting data centers, industrial parks, and microgrids. ()