LG Energy, KR7373220003

Meritz raises target for LG Energy stock from KRW 440,000 to KRW 510,000

Published on 10/16/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached KRW 9.6434 trillion, up 59.00 percent year over year. LG Energy stock has a November 3, 2026 results date.

Analyst target and earnings evidence

Meritz lifted its LG Energy target from KRW 440,000 to KRW 510,000 on October 15, 2026.
Third-quarter revenue reached KRW 9.6434 trillion and operating profit was KRW 756 billion.
LG Energy Solution has a November 3, 2026 reporting date and a KRW 94.3 trillion market capitalization.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution (KR7373220003) drew a Meritz target increase from KRW 440,000 to KRW 510,000 in a report dated October 15, 2026, as EDAILY reported. The revision followed preliminary third-quarter figures that gave the analyst a stronger energy storage systems case, while electric vehicle demand remained a counterweight.

What changed in the third quarter?

LG Energy Solution posted preliminary third-quarter revenue of KRW 9.6434 trillion, up 59.00 percent from the same period a year earlier. Operating profit reached KRW 756 billion, a 25.70 percent year-over-year increase and more than four times the KRW 188.3 billion consensus cited by EDAILY.

The result included an estimated KRW 416.9 billion benefit from the U.S. Advanced Manufacturing Production Credit. Excluding that credit, operating profit was KRW 339.1 billion, according to Yonhap News Agency on October 8, 2026.

ESS changes the earnings mix

Meritz estimated that ESS revenue contributed KRW 3.1102 trillion in the third quarter, compared with a quarterly first-half range of KRW 1 trillion to KRW 2 trillion. The figures point to a sharper shift toward grid-storage demand, even as the analyst said a broad rebound in electric vehicle batteries remained difficult to endorse.

The target revision also included higher operating-profit estimates of KRW 1.2095 trillion for 2026, up from KRW 876.1 billion, and KRW 4.3492 trillion for 2027, up from KRW 2.777 trillion. Those estimates were reported by EDAILY on October 15, 2026.

When are the next results due?

LG Energy Solution is scheduled to present its third-quarter 2026 performance during an investor-relations call on November 3, 2026, with Korean and English interpretation, according to The Globe and Mail.

Market value and reporting date

LG Energy Solution last stood at KRW 403,000 on the Korea Exchange on October 16, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 94.3 trillion on the same date, while the company remains listed on the KRX KOSPI market under ticker 373220.