[Featured Stock] LG Energy Solution Declines on Expected Q4 Losses
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LG Energy Solution is experiencing a decline amid expectations of a fourth-quarter loss.
As of 10:06 AM on the 26th, LG Energy Solution is trading at 413,500 KRW, down 1.43% from the previous day. At this time, institutional investors are net selling 414 million KRW.
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On this day, Jeong Jin-su, a researcher at Heungkuk Securities, analyzed, "LG Energy Solution is expected to turn to a loss in the fourth quarter this year due to poor performance," adding, "Short-term profitability deterioration seems inevitable as inventory adjustments by major clients and raw material disposal costs overlap." However, he added, "The mid- to long-term growth potential remains positive due to securing order momentum from the mass production of 4680 batteries."
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