Latest news with #EnerSys
Yahoo
2 days ago
- Business
- Yahoo
Oppenheimer Ups EnerSys (ENS) Target After Strong Q1, Maintains Outperform
EnerSys (NYSE:ENS) is one of the best battery tech stocks to buy right now. Oppenheimer raised its price target on EnerSys (NYSE:ENS) to $120, up from the previous target of $101, on August 8. The firm also maintained its Outperform rating on the stock. This comes after EnerSys reported stronger-than-expected results for the first quarter of fiscal year 2026. Both revenue and earnings came in above analysts' estimates, which seemed to give the stock a boost on Thursday. In addition to the solid Q1 results, EnerSys also provided earnings guidance for the second quarter that was in line with what the market had been expecting. This helped support investor confidence and may point to continued stability in the company's performance going forward. Shares of EnerSys are currently trading at $96. With Oppenheimer's new price target set at $120, the upside potential for the stock, according to Oppenheimer, is 25%. EverSys (NYSE:ENS) specializes in advanced stored energy solutions, producing industrial batteries used in motive power, reserve power, and specialty applications. Their technology supports critical sectors like telecommunications, aerospace, and material handling, making them a key player in battery innovation and infrastructure. While we acknowledge the potential of ENS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 10 Best Military Tech Stocks to Buy Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Oppenheimer Ups EnerSys (ENS) Target After Strong Q1, Maintains Outperform
EnerSys (NYSE:ENS) is one of the best battery tech stocks to buy right now. Oppenheimer raised its price target on EnerSys (NYSE:ENS) to $120, up from the previous target of $101, on August 8. The firm also maintained its Outperform rating on the stock. This comes after EnerSys reported stronger-than-expected results for the first quarter of fiscal year 2026. Both revenue and earnings came in above analysts' estimates, which seemed to give the stock a boost on Thursday. In addition to the solid Q1 results, EnerSys also provided earnings guidance for the second quarter that was in line with what the market had been expecting. This helped support investor confidence and may point to continued stability in the company's performance going forward. Shares of EnerSys are currently trading at $96. With Oppenheimer's new price target set at $120, the upside potential for the stock, according to Oppenheimer, is 25%. EverSys (NYSE:ENS) specializes in advanced stored energy solutions, producing industrial batteries used in motive power, reserve power, and specialty applications. Their technology supports critical sectors like telecommunications, aerospace, and material handling, making them a key player in battery innovation and infrastructure. While we acknowledge the potential of ENS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 10 Best Military Tech Stocks to Buy Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
EnerSys Announces $1 Billion Increase to Stock Repurchase Authorization and 9% Dividend Increase
READING, Pa.--(BUSINESS WIRE)-- EnerSys (NYSE: ENS), a global leader in stored energy solutions announced today that its Board of Directors has approved a $1 billion increase to its stock repurchase authorization, to be executed over the next five years. This authorization brings the Company's total outstanding repurchase authorization to an aggregate of $1.06 billion, including $58 million available under the Board's previous repurchase authorizations. Additionally, the Company announced that its Board of Directors has raised its quarterly cash dividend for the third consecutive year, with an increase of 9% to $0.2625 per share of common stock. The dividend is payable on September 26, 2025, to holders of record as of September 12, 2025. 'These announcements highlight EnerSys' proactive and disciplined approach to capital allocation and our confidence in our long-term strategy,' said Shawn O'Connell, EnerSys President and Chief Executive Officer. 'Our earnings growth, strong cash flow, and solid balance sheet enable us to continue investing in long-term growth while returning more capital to shareholders. The increased stock repurchase authorization reflects our belief in the value of the Company and our growth trajectory. At the same time, we are committed to maintaining a competitive dividend that grows with our earnings, excluding the effects of 45X benefits. During this period of macro uncertainty, we intend to keep our leverage below the low end of our target range, retaining a prudent level of dry powder for future capital allocation optionality.' The authorized repurchases shall be made from time to time in either the open market or through privately negotiated transactions. The timing, volume and nature of share repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when EnerSys might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. This repurchase program shall be in effect for a period of five years from its adoption unless otherwise modified or terminated by the Board. About EnerSys EnerSys is a global leader in stored energy solutions for industrial applications and designs, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband, and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit Caution Concerning Forward-Looking Statements This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys' earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as 'believe,' 'plan,' 'seek,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'will,' and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys' control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys' results, including earnings estimates, see EnerSys' filings with the Securities and Exchange Commission, including 'Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,' and 'Forward-Looking Statements,' set forth in EnerSys' Annual Report on Form 10-K for the fiscal year ended March 31, 2025. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
Yahoo
05-08-2025
- Business
- Yahoo
EnerSys (ENS) Reports Earnings Tomorrow: What To Expect
Battery manufacturer EnerSys (NYSE:ENS) will be announcing earnings results this Wednesday after market close. Here's what to expect. EnerSys met analysts' revenue expectations last quarter, reporting revenues of $974.8 million, up 7% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' adjusted operating income estimates but EPS guidance for next quarter missing analysts' expectations significantly. Is EnerSys a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting EnerSys's revenue to be flat year on year at $848.1 million, improving from the 6.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.05 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EnerSys has missed Wall Street's revenue estimates six times over the last two years. Looking at EnerSys's peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Generac delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3.4%, and American Superconductor reported revenues up 79.6%, topping estimates by 11.4%. Generac traded up 28.9% following the results while American Superconductor was also up 29.4%. Read our full analysis of Generac's results here and American Superconductor's results here. Investors in the renewable energy segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. EnerSys is up 2.9% during the same time and is heading into earnings with an average analyst price target of $105.36 (compared to the current share price of $90.75). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
28-07-2025
- Business
- Yahoo
EnerSys (ENS) Reduces Workforce by 575 Employees; Expects $80 million in Annualized Savings
EnerSys (NYSE:ENS), a cheaply priced stock popular among hedge funds and offering upside potential, is included in our list of the . A large industrial smokestack, its emissions being reduced with an innovative pollution control system. Under a broader restructuring initiative, EnerSys (NYSE:ENS), on July 22, 2025, announced its decision to reduce its workforce by 575 employees, 11% of its non-production staff. The restructuring is expected to result in $80 million in annualized savings starting in fiscal 2026. Shawn O'Connell, the CEO of EnerSys (NYSE:ENS), emphasized that the move will create a more agile organization that aligns with its long-term priorities. Meanwhile, analysts remain positive on the company's outlook. In May, Roth MKM maintained its 'Buy' rating on EnerSys (NYSE:ENS) with a $120 price target. The company's earnings release is scheduled for August 6, 2025. With its energy solutions, EnerSys (NYSE:ENS) serves industrial, defense, and telecom sectors. It is included in our list of cheap lithium stocks. While we acknowledge the potential of ENS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds. Disclosure: None.
