AI Boom Fuels Demand for Energy Storage Systems: ESS Business May Become New Growth Engine for Samsung

7 hour ago / Read about 0 minute

Author：小编

On February 4, Morningstar analyst Vincent Sun noted in a report that Samsung SDI's electric vehicle (EV) battery business may face pressure in 2026 due to weak demand following the expiration of U.S. EV subsidies, with revenue expected to decline by 12%. However, the outlook for its energy storage system (ESS) business is promising, as the AI boom drives demand for energy storage systems. Management anticipates a 50% revenue increase for the ESS business in 2026, with improved profitability expected as local U.S. production ramps up. Morningstar has assigned a new fair value estimate of KRW 297,000 for the stock, considering it overvalued. Currently, the stock is up 4.5% at KRW 391,500.

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