[Market Highlight] LN Energy & Future Extends Three-Day Rally...Stock Recovers to 70,000 Won

LN Energy & Future has continued its strong upward momentum for three consecutive days, with its stock price recovering to the 70,000 won level.

As of 9:10 a.m. on September 16, LN Energy & Future was trading at 70,000 won on the Korea Exchange, up 2,400 won (3.55%) from the previous day. After falling below 70,000 won on August 28, the stock price dropped to the 61,000 won range earlier this month, but has recently shown signs of recovery. Over the past three days, it has risen by more than 10%.

Expectations for a return to profitability in the third quarter of this year appear to be driving the stock price higher. On this day, KB Securities projected that LN Energy & Future would achieve an operating profit of 18.8 billion won in the third quarter, marking a return to profitability compared to the same period last year. Revenue for the same period is expected to reach 670.9 billion won, up 91% year-on-year. Lee Changmin, a researcher at KB Securities, stated, "We expect a quarterly profit for the first time in two years," adding, "While the average selling price of cathode materials is expected to decline by 5% quarter-on-quarter due to falling lithium prices in the first half, shipments of NCMA95 are expected to increase by 38% quarter-on-quarter, driven by the full-scale delivery of the Tesla Model Y Juniper." He further noted, "We anticipate the largest quarterly shipment volume since the first quarter of 2023, and improved profitability is also expected as fixed costs are better covered."