[Stock in Focus] ESS Growth Potential Highlighted... LG Energy Solution Up 4.95%

As the growth potential of the ESS (Energy Storage System) sector is being highlighted, LG Energy Solution's stock price is on the rise.

As of 11:23 a.m. on the 28th, LG Energy Solution was trading at 381,500 won, up 18,000 won (4.95%) from the previous trading day.

In the second quarter, LG Energy Solution recorded sales of 5.5 trillion won and operating profit of 492.2 billion won. This operating profit exceeded market expectations by 56%. This is attributed to an increase in battery sales in the United States and a rise in the amount received from the U.S. Advanced Manufacturing Production Credit (AMPC).

On this day, Shinyoung Securities stated, "Investment points are being concentrated in ESS," and maintained a buy rating and a target price of 400,000 won for LG Energy Solution.

Park Jinsu, a researcher at Shinyoung Securities, said, "In the third quarter, ESS sales are expected to increase by 99% compared to the previous quarter as shipments for power grid projects begin in earnest." He added, "Chinese-made ESS batteries are currently restricted from entering the U.S. market due to high tariffs and other factors. The benefits for LG Energy Solution, which has preemptively established U.S. ESS battery production capacity, will continue to stand out."