LG Energy's ESS Business Opportunities in U.S. Largely Priced In -- Market Talk
Dow Jones
Sep 10
0006 GMT - LG Energy Solution's energy-storage-system business opportunities in the U.S. have been largely priced in, Daiwa Capital analyst Henny Jung writes in a note. The stock is still trading 29% above its May low after trimming its sharp gains in July, Jung says. The South Korean battery maker is seen as a key beneficiary of President Trump's tariffs and new Prohibited-Foreign-Entity restrictions on China, which are set to accelerate the adoption of non-Chinese ESS products in the U.S., he adds. LG Energy's ESS order backlog has topped 80GWh, with its lithium-iron-phosphate ESS production in the U.S. launched earlier than scheduled to meet brisk demand. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
September 09, 2025 20:06 ET (00:06 GMT)
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