Corporate Logo(source: lgensol.com)
LG Energy Solution (373220) shares surged more than 6% during intraday trading on October 14, buoyed by expectations that the company will continue to post solid earnings through the first half of next year — standing out as the only battery maker in the sector to deliver robust results.
According to the Korea Exchange, as of the morning session, LG Energy Solution was trading at 383,000 won, up 23,000 won (6.39%) from the previous day’s close. The stock climbed as high as 389,000 won earlier in the session, marking a gain of over 7%.
Market analysts expect LG Energy Solution to maintain stable performance at least through the first half of 2026. Cho Hyun-ryul, an analyst at Samsung Securities, said that amid the planned phase-out of U.S. electric vehicle (EV) subsidies, “Korean battery manufacturers will need strong demand from U.S. energy storage systems (ESS) and EV sales outside the U.S. and Europe to sustain their earnings through the first half of 2026.”
He added, “LG Energy Solution is the only company that meets these conditions. Its expansion of lithium iron phosphate (LFP) battery production for U.S. ESS applications and new derivative models from leading EV makers in China and Europe are expected to drive continued differentiated earnings performance compared with domestic peers.”
On the previous day, LG Energy Solution announced preliminary third-quarter results showing 5.6999 trillion won in revenue and 601.3 billion won in operating profit. Compared with a year earlier, revenue fell 17.1%, but operating profit rose 34.1%. Quarter-on-quarter, sales increased 2.4%, while operating profit grew 22.2%.
The company also reported that its estimated Advanced Manufacturing Production Credit (AMPC) under the U.S. Inflation Reduction Act (IRA) amounted to 365.5 billion won in the third quarter. Excluding this subsidy, operating profit stood at 235.8 billion won, marking the second consecutive quarter of positive earnings even without the tax credit.
Last year, LG Energy Solution recorded 575.4 billion won in operating profit, but the figure turned to a loss when excluding AMPC benefits. The company also posted a deficit in the fourth quarter, even with the subsidy included, before rebounding this year.
Notably, cumulative operating profit excluding AMPC reached 154.2 billion won through the third quarter, suggesting the company is on track to post a full-year surplus even without subsidy support. Expanded production of energy storage systems in North America has been a key driver of this improvement.
*[KOSPI] LG Energy Solution(373220) was established through a spin-off from LG Chem, and it develops, manufactures, and sells battery products used in electric vehicles(EVs), energy storage systems(ESS), and more. Market capitalization is 84.346 trillion won (as of October 13, 2025, closing price).
Corporate Logo(source: lgensol.com)
LG Energy Solution (373220) shares surged more than 6% during intraday trading on October 14, buoyed by expectations that the company will continue to post solid earnings through the first half of next year — standing out as the only battery maker in the sector to deliver robust results.
According to the Korea Exchange, as of the morning session, LG Energy Solution was trading at 383,000 won, up 23,000 won (6.39%) from the previous day’s close. The stock climbed as high as 389,000 won earlier in the session, marking a gain of over 7%.
Market analysts expect LG Energy Solution to maintain stable performance at least through the first half of 2026. Cho Hyun-ryul, an analyst at Samsung Securities, said that amid the planned phase-out of U.S. electric vehicle (EV) subsidies, “Korean battery manufacturers will need strong demand from U.S. energy storage systems (ESS) and EV sales outside the U.S. and Europe to sustain their earnings through the first half of 2026.”
He added, “LG Energy Solution is the only company that meets these conditions. Its expansion of lithium iron phosphate (LFP) battery production for U.S. ESS applications and new derivative models from leading EV makers in China and Europe are expected to drive continued differentiated earnings performance compared with domestic peers.”
On the previous day, LG Energy Solution announced preliminary third-quarter results showing 5.6999 trillion won in revenue and 601.3 billion won in operating profit. Compared with a year earlier, revenue fell 17.1%, but operating profit rose 34.1%. Quarter-on-quarter, sales increased 2.4%, while operating profit grew 22.2%.
The company also reported that its estimated Advanced Manufacturing Production Credit (AMPC) under the U.S. Inflation Reduction Act (IRA) amounted to 365.5 billion won in the third quarter. Excluding this subsidy, operating profit stood at 235.8 billion won, marking the second consecutive quarter of positive earnings even without the tax credit.
Last year, LG Energy Solution recorded 575.4 billion won in operating profit, but the figure turned to a loss when excluding AMPC benefits. The company also posted a deficit in the fourth quarter, even with the subsidy included, before rebounding this year.
Notably, cumulative operating profit excluding AMPC reached 154.2 billion won through the third quarter, suggesting the company is on track to post a full-year surplus even without subsidy support. Expanded production of energy storage systems in North America has been a key driver of this improvement.
*[KOSPI] LG Energy Solution(373220) was established through a spin-off from LG Chem, and it develops, manufactures, and sells battery products used in electric vehicles(EVs), energy storage systems(ESS), and more. Market capitalization is 84.346 trillion won (as of October 13, 2025, closing price).