LS ELECTRIC (010120) is trading slightly higher, buoyed by growth in its North American power equipment and power infrastructure businesses, drawing continued attention from securities firms. Hanwha Investment & Securities assessed that the company's third-quarter revenue and operating profit both increased significantly, maintaining its existing investment opinion and target price.

As of the morning of the 22nd, LS ELECTRIC's share price stood at 167,700 won, up 1,600 won (0.96%) from the previous trading day. Amid the modest rise, securities firms are placing weight on earnings growth in the power business centered on the North American market.

Hanwha Investment & Securities analyzed that LS ELECTRIC's third-quarter 2026 results were driven by strong performance in power equipment and power infrastructure businesses targeting North America, with growth in both segments leading to overall improvement in earnings. In particular, the firm viewed positively the fact that the growth in these two business divisions translated into an improvement in overall performance. Given that revenue expansion and operating profit growth occurred simultaneously, the earnings contribution of the North American power business was cited as a key evaluation factor.

Accordingly, Hanwha Investment & Securities maintained its 'Buy' investment opinion and a target price of 260,000 won for LS ELECTRIC. It also retained its existing assessment of the company as its top pick in the power equipment sector.

The presented target price of 260,000 won is 92,300 won higher than the current share price of 167,000 won, implying roughly 55.0% upside based on a simple calculation against the target price. However, this is merely a figure comparing the securities firm's valuation with the current share price, and does not guarantee an actual rise in the stock.

The key point to watch going forward is whether growth in the North American power equipment and power infrastructure businesses will continue. Attention is focused on whether the revenue and operating profit increases seen in the third quarter can be sustained in subsequent earnings, and on how much the share price will respond to earnings growth amid Hanwha Investment & Securities' maintained target price and buy rating.

[This article is intended to provide information for investment reference purposes and does not recommend the purchase or sale of any specific stock. Content may vary depending on market conditions. Investment decisions and any resulting responsibility rest with the investor. AI provided partial assistance.]