[Featured Stock] LG Energy Solution Surpasses 400,000 Won Level After 5 Months

LG Energy Solution recently continued its strong performance, surpassing the 400,000 KRW mark for the first time in five months.

As of 9:34 AM on the 2nd, LG Energy Solution is trading at 409,500 KRW, up 5.54% compared to the previous day.

Recently, the secondary battery sector has been rebounding, driven by expectations of interest rate cuts and the impact of the U.S. presidential election. This is because the approval rating of Democratic candidate and Vice President Kamala Harris, who is expected to continue U.S. President Joe Biden's eco-friendly policies, is rising, increasing expectations of benefits for secondary battery companies.

It is explained that once battery prices bottom out in the second half of this year, electric vehicle sales will enter a recovery phase, and earnings are also expected to rebound. LG Energy Solution's operating profit for next year is expected to increase by 177.44% compared to this year, reaching 3.9247 trillion KRW.