[Featured Stock] LG Energy Solution Rises Over 2% on Poland Contract
The stock price of LG Energy Solution is showing a rise of over 2% in the morning session on the 25th.
As of 10:02 AM on the same day, LG Energy Solution is trading at 340,000 KRW, up 2.56% from the previous close. It even showed a strong gain of over 3% in the early session.
This buying momentum is attributed to the news that LG Energy Solution has signed a battery supply contract worth several hundred billion KRW with the Polish state-owned power company PGE.
Starting in 2026, LG Energy Solution plans to supply lithium iron phosphate (LFP) batteries for energy storage systems (ESS) produced at its Wroclaw factory in Poland, in a deal worth several hundred billion KRW. Furthermore, this contract marks the first supply of ESS LFP batteries produced in Europe, and the company intends to expand local ESS battery production within Europe.
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Additionally, the easing of so-called Trump tariff concerns in the overnight New York stock market, which led to a strong performance by Tesla, a leading electric vehicle stock, is also analyzed to have had a positive impact on investor sentiment toward secondary battery stocks, including LG Energy Solution, on this day.
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