LG Energy, KR7373220003

NH Investment raises target for LG Energy stock to KRW 550,000

Published on 10/12/2026 at 09:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached KRW 9.64 trillion in the third quarter, up 59.00 percent year over year. Samsung set a KRW 500,000 target for LG Energy stock.

Key points in brief

LG Energy Solution reported record third-quarter revenue of KRW 9.64 trillion on October 8, 2026.
Operating profit reached KRW 756.0 billion, up 25.70 percent year over year.
Profit excluding KRW 416.9 billion in U.S. production credits was KRW 339.1 billion.
NH Investment raised its target to KRW 550,000, while Samsung Securities set KRW 500,000.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution reported record third-quarter revenue of KRW 9.64 trillion on October 8, 2026, while analysts lifted their valuation benchmarks for LG Energy stock. LG said revenue rose 59.00 percent year over year and operating profit increased 25.70 percent to KRW 756.0 billion.

Targets move higher after results

On October 8, 2026, NH Investment and Securities raised its target price by 15.00 percent to KRW 550,000, citing the concentration of 2026 energy storage system orders in the second half and the prospect of larger contracts before year-end. Seoul Economic Daily also reported that Samsung Securities lifted its target to KRW 500,000 on the same date.

The preliminary result exceeded the LSEG SmartEstimate operating-profit forecast of KRW 309.0 billion, according to Reuters. That comparison gives the headline result more weight than the year-over-year percentage alone.

What does the profit quality show?

LG Energy Solution included KRW 416.9 billion of Advanced Manufacturing Production Credits from the U.S. Inflation Reduction Act in its third-quarter figures. Excluding that one-off credit, revenue was KRW 9.2265 trillion and operating profit was KRW 339.1 billion, leaving the company profitable on the adjusted basis.

The underlying improvement came from higher North American energy storage system shipments, better plant utilization and stronger European sales of mid-nickel batteries. Seoul Economic Daily said five North American energy storage hubs entered full operation during the quarter.

November 3 sets the next test

LG Energy Solution plans to detail its third-quarter performance and outlook during an earnings call on November 3, 2026, according to Reuters. The key question is whether energy storage growth can offset continued weakness in electric-vehicle demand and the remaining cost burden of production expansion.

LG Energy Solution was last at KRW 398,000 on KRX on October 12, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 93.1 trillion on that date, with a 52-week range of KRW 290,500 to KRW 527,000.