LG Energy, KR7373220003

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

Published on 10/22/2026 at 09:03 | 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. November 3, 2026 is the next results date for LG Energy stock.

Target revisions and reporting date

Meritz Securities raised its target from KRW 440,000 to KRW 510,000 on October 15, 2026.
LG Energy Solution reported third-quarter revenue of KRW 9.6434 trillion, up 59.00 percent year over year.
November 3, 2026 is scheduled for the third-quarter results at 10:00 a.m. KST.

LG Energy, KR7373220003, Illustration mit AI erstellt.

LG Energy Solution (KR7373220003) had its target raised by Meritz Securities from KRW 440,000 to KRW 510,000 on October 15, 2026, according to EDAILY. The report kept a Buy rating while highlighting energy storage system demand and weak electric vehicle battery prospects.

Three dated moves shape valuation

On October 8, 2026, the company reported preliminary third-quarter revenue of KRW 9.6434 trillion and operating profit of KRW 756 billion, with revenue up 59.00 percent year over year, according to LG Energy Solution. On October 13, 2026, Eugene Investment and Securities raised its target from KRW 470,000 to KRW 530,000, as reported by The Asia Business Daily. On October 15, 2026, Meritz Securities lifted its target from KRW 440,000 to KRW 510,000, according to EDAILY.

What does ESS mean for earnings?

The answer is visible in the third-quarter mix. Meritz estimated ESS revenue at KRW 3.1102 trillion, compared with a quarterly range of KRW 1 trillion to KRW 2 trillion during the first half of 2026, while operating profit exceeded the KRW 188.3 billion consensus by more than four times, according to Financial News. The contrast matters because the same report described electric vehicle battery shipments to traditional automakers as subdued.

When is the next report?

LG Energy Solution lists November 3, 2026, at 10:00 a.m. KST for its third-quarter 2026 results on its corporate website, giving investors the next dated test of ESS growth and operating profit.

Supply chain adds another angle

On October 8, 2026, LG Energy Solution also announced a four-year agreement covering 240,000 dry metric tonnes of spodumene concentrate from a Canadian mine, according to LG Corp. The material is intended to support North American electric vehicle and ESS supply chains.

Company context

LG Energy Solution describes itself as a total energy solutions company and says it operates six global production sites. Its business spans cylindrical and pouch batteries, materials, and energy storage systems.