Category: EV & Battery

Brokerage : DS Investment & Securities Analyst : Tae-yong Choi Investment Rating : BUY (Maintained) Target Price : KRW 840,000 (Raised) Core Momentum : Increasing visibility toward a 4Q26 operating profit turnaround, supported by expansion into European volume EV models and the ramp-up of the North American SPE LFP line leveraging Non-PFE supply chain strengths…

Read More “[Research] Samsung SDI (006400) – DS Investment & Securities | 4Q Turnaround Visibility · Non-PFE LFP ESS · European Volume Models / 2026-04-29” »

Brokerage : Hanwha Investment & Securities Analyst : Yong-wook Lee Investment Rating : BUY (Maintained) Target Price : KRW 820,000 (Raised) Core Momentum : Embarking on a sequential quarterly turnaround across all segments starting in 2026, while securing medium- to long-term earnings visibility toward 2028 and beyond via major new order wins from Hyundai/Kia, Mercedes-Benz,…

Read More “[Research] Samsung SDI (006400) – Hanwha Investment & Securities | Sequential Segment Recovery · Order Pipeline Visibility · Form Factor Diversification / 2026-04-29” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 880,000 (Raised) Core Momentum : Repositioning from a component supplier to a critical power solution partner for cloud service providers (CSPs) by capturing rapid growth in AI data center BBU and high-margin UPS demand. 📊 1. [Valuation &…

Read More “[Research] Samsung SDI (006400) – Kyobo Securities | AI Data Center BBU · Direct CSP Channels · 1Q Earnings Beat / 2026-04-29” »

Brokerage : SK Securities Analyst : Hyung-wou Park Investment Rating : BUY (Maintained) Target Price : KRW 810,000 (Raised) Core Momentum : Building a sequential earnings recovery path led by expanding North American ESS capacity, rising utilization rates (1Q 45% → 2H 65%), new EV program shipments, and higher AMPC recognition. 📊 1. [Valuation &…

Read More “[Research] Samsung SDI (006400) – SK Securities | Plant Utilization Recovery · North America ESS Expansion · AMPC Benefits / 2026-04-29” »

Brokerage : Shinhan Securities Analyst : Jin-myung Lee, Myung-joo Kim Investment Rating : BUY (Maintained) Target Price : KRW 580,000 (Raised) Core Momentum : Surging US utility-scale ESS demand and expanding small-battery BBU applications, combined with 2H26 European EV utilization recovery and North American LFP additions, support a structural earnings turnaround. 📊 1. [Valuation &…

Read More “[Research] Samsung SDI (006400) – Shinhan Securities | North America ESS Surges · BBU Demand Expansion · Turnaround Visibility / 2026-04-20” »

Brokerage : IBK Securities Analyst : Hyun-wook Lee Investment Rating : BUY (Maintained) Target Price : KRW 500,000 (Raised) Core Momentum : Initiating a fundamental turnaround starting with resilient 1Q26 results, supported by P6 battery shipments for European Hyundai/Kia volume models, North American ESS capacity expected to be fully booked through 2028, and European Industrial…

Read More “[Research] Samsung SDI (006400) – IBK Securities | Fully Booked North America ESS Expected · European IAA Benefits · 1Q Earnings Resilience / 2026-04-02” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 580,000 (Raised) Core Momentum : Passing an earnings trough in 1Q26 and entering an operational turnaround supported by EV-to-ESS line conversions, LFP supply chain enhancements, and high-power cylindrical cell client expansion across AI data centers and humanoid robotics….

Read More “[Research] Samsung SDI (006400) – Kyobo Securities | 1Q Trough Passing · ESS Utilization Gains · Humanoid Client Expansion / 2026-03-30” »

Brokerage : Mirae Asset Securities Analyst : Chul-joong Kim Investment Rating : BUY (Maintained) Target Price : KRW 600,000 (Maintained) Core Momentum : Driven by accelerated demand for high-margin cylindrical BBUs in ESS and plant utilization recovery in Hungary, the company is projected to turn an operating profit in 2026 alongside strong North American ESS…

Read More “[Research] Samsung SDI (006400) – Mirae Asset Securities | BBU Momentum · Hungarian Utilization Rebound · 2026 Operating Profit Turnaround / 2026-03-18” »

Brokerage : Mirae Asset Securities Analyst : Chul-joong Kim, Min-hui Kang Investment Rating : BUY (Maintained) Target Price : KRW 600,000 (Raised) Core Momentum : Passing an earnings trough in 1Q26 alongside newly commenced Tesla ESS supply, while removing valuation discounts relative to top global peers backed by SDC stake monetization. 📊 1. [Valuation &…

Read More “[Research] Samsung SDI (006400) – Mirae Asset Securities | SDC Stake Monetization · Tesla ESS Business Expansion · Earnings Trough / 2026-02-20” »

Brokerage : Hana Securities Analyst : Hyun-soo Kim, Ji-won Hong (RA) Investment Rating : BUY (Maintained) Target Price : KRW 469,000 (Raised) Core Momentum : Pursuing the monetization of its Samsung Display (SDC) stake to secure up to KRW 11 Trillion in liquidity, restoring the current ratio and eliminating valuation discounts driven by past capital…

Read More “[Research] Samsung SDI (006400) – Hana Securities | SDC Stake Monetization Pursuit · Up to KRW 11T Liquidity · Valuation Multiples Re-rating / 2026-02-20” »