{"id":1859,"date":"2026-08-18T18:53:09","date_gmt":"2026-08-18T09:53:09","guid":{"rendered":"https:\/\/goodlifetips.co.kr\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/"},"modified":"2026-08-18T18:53:09","modified_gmt":"2026-08-18T09:53:09","slug":"lg-energy-solution-stock-price-outlook-checking-turnaround-to-profitability-and-ess-growth-potential","status":"publish","type":"post","link":"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/","title":{"rendered":"LG Energy Solution Stock Price Outlook: Checking Turnaround to Profitability and ESS Growth Potential"},"content":{"rendered":"<p>\u201cIt is easy to assume that LG Energy Solution\u2019s core business has already recovered just by looking at the phrase \u201dturnaround to profitability in the second quarter.\u201d To start with the conclusion, while the second quarter 2026 results turned into an accounting profit, <strong>The core battery business, excluding AMPC, is still operating at a loss.<\/strong>...and the stock price outlook depends on the speed of the earnings turnaround of ESS growth.<\/p>\n<p>It is clear that ESS has emerged as a new growth axis amidst the continuing slowdown in demand for electric vehicle batteries. However, since the structure does not dictate that increased orders and revenue immediately lead to improved profit margins, a standard for analyzing the figures is necessary.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/#%ED%9D%91%EC%9E%90%EC%A0%84%ED%99%98_%ED%8C%90%EB%8B%A8%EC%9D%80_AMPC_%EC%A0%9C%EC%99%B8_%EC%86%90%EC%9D%B5%EB%B6%80%ED%84%B0_%EB%B3%B4%EC%84%B8%EC%9A%94\" >To determine if it has turned profitable, look at the profit and loss excluding AMPC first.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/#%EB%A7%A4%EC%B6%9C_%EC%A6%9D%EA%B0%80%EB%B3%B4%EB%8B%A4_ESS%EA%B0%80_%EC%8B%A4%EC%A0%9C_%EC%9D%B4%EC%9D%B5%EC%9C%BC%EB%A1%9C_%EC%9D%B4%EC%96%B4%EC%A7%80%EB%8A%94%EC%A7%80_%EB%B3%B4%EC%84%B8%EC%9A%94\" >Look at whether ESS leads to actual profits rather than just revenue growth.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/#%ED%95%98%EB%B0%98%EA%B8%B0%EC%97%90%EB%8A%94_%EC%B6%9C%ED%95%98%EB%9F%89%EA%B3%BC_%EA%B0%80%EB%8F%99%EB%A5%A0%EC%9D%84_%ED%95%A8%EA%BB%98_%EB%B3%B4%EC%84%B8%EC%9A%94\" >For the second half of the year, look at shipments and capacity utilization together.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/#%EB%AA%A9%ED%91%9C%EC%A3%BC%EA%B0%80%EB%8A%94_%EC%88%AB%EC%9E%90%EB%B3%B4%EB%8B%A4_%EC%A0%84%EC%A0%9C%EB%A5%BC_%EB%B9%84%EA%B5%90%ED%95%98%EC%84%B8%EC%9A%94\" >When looking at target stock prices, compare the assumptions rather than the numbers.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/#PER_%EB%8C%80%EC%8B%A0_%ED%98%84%EA%B8%88%EA%B3%BC_%EC%84%B1%EC%9E%A5_%EC%B6%95%EC%9D%84_%EA%B8%B0%EC%A4%80%EC%9C%BC%EB%A1%9C_%EB%B3%B4%EC%84%B8%EC%9A%94\" >Look at cash and growth axes instead of PER.<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%ED%9D%91%EC%9E%90%EC%A0%84%ED%99%98_%ED%8C%90%EB%8B%A8%EC%9D%80_AMPC_%EC%A0%9C%EC%99%B8_%EC%86%90%EC%9D%B5%EB%B6%80%ED%84%B0_%EB%B3%B4%EC%84%B8%EC%9A%94\"><\/span>To determine if it has turned profitable, look at the profit and loss excluding AMPC first.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure class=\"wp-middle-image\"><img decoding=\"async\" src=\"https:\/\/goodlifetips.co.kr\/wp-content\/uploads\/2026\/08\/image-72.png\" alt=\"Earnings analysis table comparing LG Energy Solution Q2 2026 revenue, operating profit, and operating profit\/loss excluding AMPC\" \/><\/figure>\n<p>LG Energy Solution&#039;s revenue for the second quarter of 2026 was 7.5602 trillion won, an increase of 24.81 TP3T from the same period last year and 15.31 TP3T from the previous quarter. Operating profit also improved from a deficit of 207.8 billion won in the first quarter <strong>113.3 billion won surplus<\/strong>With the transition, the operating profit margin improved from -3.21 TP3T to 1.51 TP3T.<\/p>\n<p>However, this operating profit includes 241 billion won in AMPC, a North American production tax credit. If calculated excluding this, the operating profit\/loss for the second quarter is <strong>127.7 billion won deficit<\/strong>It changes to.<\/p>\n<p>Simply put, the effect of subsidies resulting from increased production at the U.S. factory and the profit from selling batteries must be viewed separately. The net loss for the second quarter also continued at 328.6 billion won, reflecting interest expenses and losses on the disposal of tangible assets.<\/p>\n<blockquote><p>The turnaround to profitability in the second quarter is the starting point of recovery, but it has not yet reached the stage of generating profit without AMPC.<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%EB%A7%A4%EC%B6%9C_%EC%A6%9D%EA%B0%80%EB%B3%B4%EB%8B%A4_ESS%EA%B0%80_%EC%8B%A4%EC%A0%9C_%EC%9D%B4%EC%9D%B5%EC%9C%BC%EB%A1%9C_%EC%9D%B4%EC%96%B4%EC%A7%80%EB%8A%94%EC%A7%80_%EB%B3%B4%EC%84%B8%EC%9A%94\"><\/span>Look at whether ESS leads to actual profits rather than just revenue growth.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure class=\"wp-middle-image\"><img decoding=\"async\" src=\"https:\/\/goodlifetips.co.kr\/wp-content\/uploads\/2026\/08\/image-73.png\" alt=\"LG Energy Solution Data Confirms Growth Potential with 4.6-fold Increase in ESS Sales and Over 3 Trillion Won in New Orders\" \/><\/figure>\n<p>While the electric vehicle battery market remains burdened by falling prices and intensifying competition, the ESS market is showing a different trend. In the first half of 2026, ESS sales increased 4.6-fold compared to the same period of the previous year, and its share of total sales also rose to the high 20% range.<\/p>\n<p>New ESS orders in the first half of the year exceeded 3 trillion won. Although the secured ESS volume reached 140 GWh as of the end of last year, the orders are not recorded as revenue or profit immediately upon contract signing, but rather lead to shipments and revenue recognition over several years.<\/p>\n<p>The expansion of AI data centers is driving large-scale power demand and the need for power grid stabilization. In this context, if increased North American ESS shipments coincide with improved production facility utilization rates, their role in complementing the business structure, which has been EV-centric, will grow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%ED%95%98%EB%B0%98%EA%B8%B0%EC%97%90%EB%8A%94_%EC%B6%9C%ED%95%98%EB%9F%89%EA%B3%BC_%EA%B0%80%EB%8F%99%EB%A5%A0%EC%9D%84_%ED%95%A8%EA%BB%98_%EB%B3%B4%EC%84%B8%EC%9A%94\"><\/span>For the second half of the year, look at shipments and capacity utilization together.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure class=\"wp-middle-image\"><img decoding=\"async\" src=\"https:\/\/goodlifetips.co.kr\/wp-content\/uploads\/2026\/08\/image-74.png\" alt=\"Second-half outlook graph showing increased shipments of series cylindrical batteries and improved North American factory utilization rates\" \/><\/figure>\n<table>\n<thead>\n<tr>\n<th>division<\/th>\n<th>Q2 and First Half of 2026 Trends<\/th>\n<th>Stock price interpretation criteria<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>electric vehicle battery<\/td>\n<td>Despite sales recovery, falling prices and competitive pressures persist.<\/td>\n<td>Operating profit\/loss and profit margin excluding AMPC<\/td>\n<\/tr>\n<tr>\n<td>North American production subsidies<\/td>\n<td>241 billion KRW reflected in Q2 AMPC<\/td>\n<td>Separation of accounting profit and core business profit and loss<\/td>\n<\/tr>\n<tr>\n<td>ESS<\/td>\n<td>First-half sales increased 4.6-fold, new orders exceeded 3 trillion won<\/td>\n<td>Shipment timing, order fulfillment, divisional profitability<\/td>\n<\/tr>\n<tr>\n<td>cylindrical battery<\/td>\n<td>46 Series shipments increased by more than 601 TP3T compared to the previous quarter<\/td>\n<td>Increased capacity utilization and alleviation of fixed cost burden<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Just as important as the growth potential of ESS is the utilization rate of North American factories. In the battery industry, where fixed costs account for a large proportion, the extent of profitability improvement is limited even if production volume increases if factory operations are insufficient.<\/p>\n<p>Shipments of 46-series cylindrical batteries increased by more than 601 TP3T in the second quarter of 2026 compared to the previous quarter. If the expansion of product shipments is a signal of revenue recovery, the next step is the improvement of the operating profit margin reflecting selling prices and costs.<\/p>\n<p>The annual operating profit forecast for 2026 is presented at 728.5 billion won, a decrease of 45.91% from the previous year. On the other hand, the reason for the forecast that operating profit will increase to the 3 trillion won range in 2027 is based on the premise that the fulfillment of ESS orders and the increase in capacity utilization will begin in earnest.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%EB%AA%A9%ED%91%9C%EC%A3%BC%EA%B0%80%EB%8A%94_%EC%88%AB%EC%9E%90%EB%B3%B4%EB%8B%A4_%EC%A0%84%EC%A0%9C%EB%A5%BC_%EB%B9%84%EA%B5%90%ED%95%98%EC%84%B8%EC%9A%94\"><\/span>When looking at target stock prices, compare the assumptions rather than the numbers.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure class=\"wp-middle-image\"><img decoding=\"async\" src=\"https:\/\/goodlifetips.co.kr\/wp-content\/uploads\/2026\/08\/image-75.png\" alt=\"Analysis image comparing the securities firm target price range of 300,000 to 620,000 won and forecast assumptions for LG Energy Solution\" \/><\/figure>\n<p>The reason the target price range among securities firms has spread widely from 300,000 won to 620,000 won is that they have different timelines. While the average target price was presented in the low 500,000 won range, looking at the single figure in isolation clouds judgment.<\/p>\n<p>The conservative view reflects the slowdown in electric vehicle demand, falling battery prices, and intense competition. Conversely, those suggesting a higher target price base their rationale on demand for ESS driven by the proliferation of AI data centers, expanded production in North America, and the conversion of secured orders into revenue.<\/p>\n<p>The stock price, which fell to 290,500 won during trading on July 29, 2026, rebounded rapidly to the 330,000\u2013340,000 won range in early August. This rebound reflects expectations for the second half of the year, and, <strong>The speed of stock price recovery is not the same as the speed of core business profitability recovery.<\/strong>This point is important.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PER_%EB%8C%80%EC%8B%A0_%ED%98%84%EA%B8%88%EA%B3%BC_%EC%84%B1%EC%9E%A5_%EC%B6%95%EC%9D%84_%EA%B8%B0%EC%A4%80%EC%9C%BC%EB%A1%9C_%EB%B3%B4%EC%84%B8%EC%9A%94\"><\/span>Look at cash and growth axes instead of PER.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With an EPS of -1,643 won, it is difficult to simply compare undervaluation and overvaluation using the PER. In this situation, it is more realistic to examine profit and loss excluding AMPC, the proportion of ESS sales, the speed at which orders turn into shipments, and the cash burden from investments together, rather than focusing solely on revenue growth.<\/p>\n<p>It is also necessary to clearly distinguish the dividend investment perspective. Currently, LG Energy Solution is not paying cash dividends, and no specific timeline for resuming dividends has been provided.<\/p>\n<p>Therefore, the investment logic for this stock is rather than dividend yield. <strong>Expansion of ESS and normalization of battery profitability<\/strong>It is positioned in... The forecast that ESS sales will expand to 21.734 trillion won by 2028 and related operating profits will grow to the level of 3.6 trillion won is attractive, but the process is verified by order fulfillment and profit margin improvement.<\/p>\n<blockquote><p>The first misconception to avoid in the outlook for LG Energy Solution&#039;s stock price is interpreting a &quot;surplus including subsidies&quot; directly as a &quot;surplus in core business.&quot;.<\/p><\/blockquote>\n<p class=\"post-hashtags\">#LG Energy Solution Stock Price Outlook #LG Energy Solution Stock Price Outlook Analysis #LG Energy Solution Turnaround to Profit #LG Energy Solution Earnings Outlook #LG Energy Solution ESS # ESS Growth Analysis # Battery Stock Price Outlook # Secondary Battery Market Outlook # EV Battery Industry Outlook #LG Energy Solution Investment Strategy<\/p>","protected":false},"excerpt":{"rendered":"<p>\u201cIt is easy to assume that LG Energy Solution\u2019s core business has already recovered simply by looking at the phrase \u201dturnaround to profitability in the second quarter.\u201d To start with the conclusion, while the second quarter of 2026 results turned to an accounting profit, the core battery business\u2014excluding AMPC\u2014remained in the red, and the stock price outlook depends on the speed at which ESS growth translates into earnings. It is clear that ESS has emerged as a new growth axis amidst the continuing slowdown in electric vehicle battery demand. However, since the structure does not dictate that increased orders and revenue immediately translate into improved profit margins, \u2026 <a title=\"LG Energy Solution Stock Price Outlook: Checking Turnaround to Profitability and ESS Growth Potential\" class=\"read-more\" href=\"https:\/\/goodlifetips.co.kr\/en\/lg%ec%97%90%eb%84%88%ec%a7%80%ec%86%94%eb%a3%a8%ec%85%98-%ec%a3%bc%ea%b0%80-%ec%a0%84%eb%a7%9d-%ed%9d%91%ec%9e%90%ec%a0%84%ed%99%98%ea%b3%bc-ess-%ec%84%b1%ec%9e%a5%ec%84%b1-%ec%a0%90%ea%b2%80\/\" aria-label=\"Read more about LG Energy Solution Stock Price Outlook: Checking Turnaround to Profitability and ESS Growth Potential\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":1854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[912],"tags":[],"class_list":["post-1859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-life"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/goodlifetips.co.kr\/wp-content\/uploads\/2026\/08\/image-71.png","_links":{"self":[{"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/posts\/1859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/comments?post=1859"}],"version-history":[{"count":0,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/posts\/1859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/media\/1854"}],"wp:attachment":[{"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/media?parent=1859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/categories?post=1859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodlifetips.co.kr\/en\/wp-json\/wp\/v2\/tags?post=1859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}