"LG Energy Solution's Earnings Improvement to Continue"

[Financial News] iM Securities maintained its target price of KRW 550,000 and its "buy" rating on LG Energy Solution on the 21st, saying, "Earnings improvement is continuing despite the decline in the won-dollar exchange rate."
Analyst Park Jeong-ha said, "LG Energy Solution's operating profit in the third quarter of this year was KRW 369 billion, down 39% from the same period last year," adding, "Despite the decline in the won-dollar exchange rate, the figure exceeded market expectations."
He forecast, "New North American orders for ESS from domestic battery-cell manufacturers will continue to expand." He also explained, "In the United States ESS market, demand is rising as renewable-energy generation expands and investment in AI data centers (AIDC) picks up. At the same time, tighter regulations on Chinese supply chains are creating a favorable business environment for domestic companies."
Park added, "LG Energy Solution can also be expected to see improved profitability if the shift toward ESS-centered production lines and the rise in utilization rates gain full momentum."


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