{
  "id": 12752407,
  "title": "LG Energy Solution shares hit near 4-month high after Q3 profit more than doubles",
  "url": "https://urgent.news/2026/10/08/lg-energy-solution-shares-hit-near-4-month-high-after-q3-profit-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T00:44:49.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/lg-energy-solution-q3-operating-profit-beats-estimates-by-more-than-double-4937766"
  },
  "original_language": "en",
  "account": "On Thursday, LG Energy Solution shares reached a near 4-month high following an earnings report that surpassed forecasts, driven by U.S. incentives and a surge in demand for energy-storage systems. The company's shares increased by 4.09% to 407,000 won, marking the highest level since June 18, amidst a 0.6% decline in the broader KOSPI index. Operating profit for the three months ending September 30 stood at 756 billion won, more than double the 365.5 billion won consensus estimate, indicating a 107% increase over expectations. Revenue is anticipated to rise by 59% to 9.6 trillion won, as per the company's regulatory filing. The preliminary earnings were supported by U.S. production tax credits, coupled with incentives for American-made electric-vehicle batteries, a restart of production at North American joint-venture facilities, and a rise in EV shipments to Europe. LG Energy Solution is intensifying its U.S. production to capitalize on the Advanced Manufacturing Production Credit while reallocating capacity towards energy-storage systems as demand for its EV batteries softens. The company serves major automakers such as Tesla, General Motors, and Hyundai Motor, facing a prolonged slowdown in EV demand. LG Energy Solution is shifting focus towards energy-storage systems, crucial due to the burgeoning electricity requirements from artificial-intelligence data centers. The earnings guidance factors in the impact of U.S. production tax credits; excluding those, operating profit would have been 339.1 billion won, highlighting the extent to which incentives bolstered reported profitability. LG Energy Solution is set to unveil its comprehensive third-quarter results on November 3.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "LG Energy Solution flags 26% rise in Q3 operating profit",
        "url": "https://urgent.news/2026/10/07/lg-energy-solution-flags-26-rise-in-q3-operating-profit",
        "published": "2026-10-07T23:43:45.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(LEAD) LG Energy Q3 operating profit up 25.7 pct on ESS demand",
        "url": "https://urgent.news/2026/10/08/lead-lg-energy-q3-operating-profit-up-25-7-pct-on-ess-demand",
        "published": "2026-10-08T00:24:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}