EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries. It also provides motive power products that are used to provide power for electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as mining equipment, diesel locomotive starting, and other rail equipment. In addition, the company offers specialty batteries for starting, lighting, and ignition applications in transportation; and energy solutions for satellites, military aircraft, submarines, ships, and other tactical vehicles, as well as medical and security systems. Further, it provides battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. The company sells its products through a network of distributors, independent representatives, and internal sales forces. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was incorporated in 2000 and is headquartered in Reading, Pennsylvania.
IPO Year: 2004
Exchange: NYSE
Website: enersys.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $115.00 | Perform → Outperform | Oppenheimer |
| 8/27/2024 | $120.00 | Buy | ROTH MKM |
| 5/24/2024 | Buy → Neutral | BTIG Research | |
| 2/9/2024 | Outperform → Perform | Oppenheimer | |
| 12/20/2023 | $110.00 → $116.00 | Outperform | Oppenheimer |
| 11/6/2023 | Outperform → Mkt Perform | William Blair | |
| 7/14/2023 | $137.00 | Buy | CL King |
8-K - EnerSys (0001289308) (Filer)
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8-K - EnerSys (0001289308) (Filer)
8-K - EnerSys (0001289308) (Filer)
10-Q - EnerSys (0001289308) (Filer)
8-K - EnerSys (0001289308) (Filer)
8-K - EnerSys (0001289308) (Filer)
8-K - EnerSys (0001289308) (Filer)
10-Q - EnerSys (0001289308) (Filer)
8-K - EnerSys (0001289308) (Filer)
Oppenheimer upgraded Enersys from Perform to Outperform and set a new price target of $115.00
ROTH MKM initiated coverage of Enersys with a rating of Buy and set a new price target of $120.00
BTIG Research downgraded Enersys from Buy to Neutral
Oppenheimer downgraded Enersys from Outperform to Perform
Oppenheimer reiterated coverage of Enersys with a rating of Outperform and set a new price target of $116.00 from $110.00 previously
William Blair downgraded Enersys from Outperform to Mkt Perform
CL King initiated coverage of Enersys with a rating of Buy and set a new price target of $137.00
BTIG upgraded EnerSys from Neutral to Buy and set a new price target of $125.00
Northcoast initiated coverage of Enersys with a rating of Neutral
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EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, today announced the appointment of Keith Fisher as President, Energy Systems Global effective January 2, 2025. Mr. Fisher will succeed and report to Shawn O'Connell, who was recently promoted to President and Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205351358/en/(Photo: Business Wire) Mr. Fisher, with a distinguished 27-year career, brings a proven track record of driving operational and financial excellence across multiple industries. His leadership in global strategic execution and services transforma
David Shaffer to Retire as Chief Executive Officer Shawn O'Connell Named Successor EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, today announced that David Shaffer has notified the Board of Directors of his intention to retire as President and Chief Executive Officer effective May 2025. As part of a planned succession, including a comprehensive search process, the Board has named Shawn O'Connell, President, Energy Systems Global, as successor and appointed him President and Chief Operating Officer effective immediately. Upon Mr. Shaffer's retirement, Mr. O'Connell will assume the role of President and Chief Executive Officer and will join Ener
Arthur T. Katsaros, Independent Non-Executive Chair of the Board, to retire from the Board Paul J. Tufano to assume the role of Independent Non-Executive Chair of the Board General Robert Magnus, USMC (Retired) to retire from the Board Hwan-Yoon F. Chung to depart from the Board Dave Habiger and Lauren Knausenberger nominated to join the Board EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, today announced that each of Arthur T. Katsaros and General Robert Magnus, USMC (Retired) will retire from the Company's Board of Directors at the end of their elected terms, effective as of the date of the Company's 2024 Annual Meeting of
Names Shawn M. O'Connell, President, Motive Power Global, as Successor EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, announced the retirement of Andrew (Drew) M. Zogby, President, Energy Systems Global, effective March 31, 2024. After an exceptional tenure of 15 years combined at EnerSys and Alpha and a remarkable 30-year career in the broadband, telecommunications, renewable energy and technology industries, Mr. Zogby has chosen to embark on the next chapter of his life. In 2018, when EnerSys acquired Alpha Technologies, it not only gained a valuable business asset but also an invaluable leader in Drew. Since joining EnerSys, Drew displayed
READING, Pa., May 01, 2023 (GLOBE NEWSWIRE) -- EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications announced today the appointment of Shannon Thomas as its new Chief Human Resources Officer (CHRO). She will join the executive team and report directly to EnerSys's President and CEO David M. Shaffer. In this role, Ms. Thomas will be responsible for the strategy, leadership and operations of the global Human Resources function, overseeing the company's talent lifecycle and development, total rewards, as well as its diversity, equity, and inclusion (DEI) initiatives. "We are excited to welcome Shannon to our team as Chief Human Resources Officer. With
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EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock payable on March 28, 2025, to holders of record as of March 14, 2025. 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
Delivers Net Sales up 5% and Operating Cash Flow of $81 Million Third Quarter Fiscal 2025 Highlights (All comparisons against the third quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $906M, +5%, driven by strong A&D demand, bolstered by contributions from Bren-Tronics, and improvement in the U.S. Communications market Energy Systems net sales +4% with significant margin expansion driven by operational efficiency improvements and cost controls Achieved GM of 32.9%, +400 bps, including $75M benefit from IRA / IRC 45X tax credits; ex IRA adjusted GM +80 bps Realized diluted EPS of $2.88, +55%, and adjusted diluted EPS(1) of $3.12, +22%, ex IRA +$0.12,
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, today announced the Company will release its third quarter fiscal 2025 financial results for the period ended December 29, 2024, after the market close on Wednesday, February 5, 2025. The press release and slide presentation will be available in the Investor Relations section of the Company's website at www.investor.enersys.com. The Company will host a conference call the following day at 9:00 AM (ET) Thursday, February 6, 2025, to review the results. Webcast and Conference Call Information A live broadcast as well as a replay of the call can be accessed directly through the webcast registration
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock payable on December 27, 2024, to holders of record as of December 13, 2024. About EnerSys EnerSys is the 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
Delivers Gross Margin of 28.5%, up 190 Basis Points From Prior Year Second Quarter Fiscal 2025 Highlights (All comparisons against the second quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $884M, down 2%, with strength in Motive Power offset by continued pressure in Communications and Class 8 Transportation Energy Systems improving with net sales +6% sequentially and backlog increasing for the second consecutive quarter Achieved GM of 28.5%, +190 bps, including increased benefits from Inflation Reduction Act / IRC 45X tax credits, +60 bps ex IRA Realized diluted EPS of $2.01, +29%, and adjusted diluted EPS(1) of $2.12, +15% Net leverage ratio(a) 1.6 X
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced the Company will release its second quarter fiscal 2025 financial results for the period ended September 29, 2024, after the market close on Wednesday, November 6, 2024. The press release and slide presentation will be available in the Investor Relations section of the Company's website at www.investor.enersys.com. The Company will host a conference call the following day at 9:00 AM (ET) Thursday, November 7, 2024, to review the results. Webcast and Conference Call Information A live broadcast as well as a replay of the call can be accessed directly through the webcast registration
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend increase of 7% to $0.24 per share of common stock payable on September 30, 2024, to holders of record as of September 16, 2024. "Our earnings growth, robust operating cash flow, and solid balance sheet give us the ability to keep investing in long-term growth while returning capital to our shareholders. As part of our disciplined capital allocation strategy, we are dedicated to maintaining a competitive dividend and plan to increase it over time as our earnings rise, excluding the effects of the IRA benefits," said
Delivers Gross Margin of 28%, Up 160 Basis Points From Prior Year First Quarter Fiscal 2025 Highlights (All comparisons against the first quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $853M, down 6%, with Motive Power on plan, continued pressure in Communications, and spending pause in Class 8 truck OEMs Encouraging demand signals in Energy Systems with backlog increasing for the first time in eight quarters Achieved GM of 28.0%, +160 bps, including increased benefits from Inflation Reduction Act / IRC 45X tax credits Realized diluted EPS of $1.71, +7%, and adjusted diluted EPS(1) of $1.98, +5% Net leverage ratio(a) 1.1 X EBITDA on operating ca
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced the Company will release its first quarter fiscal 2025 financial results for the period ended June 30, 2024, after the market close on Wednesday, August 7, 2024. The press release and slide presentation will be available in the Investor Relations section of the Company's website at www.investor.enersys.com. The Company will host a conference call the following day at 9:00 AM (ET) Thursday, August 8, 2024, to review the results. Webcast and Conference Call Information A live broadcast as well as a replay of the call can be accessed directly through the webcast registration link or
Delivers Gross Margin of 27.9%, up 300 Basis Points From Prior Year Fourth Quarter Fiscal 2024 Highlights (All comparisons against the fourth quarter of fiscal year 2023 unless otherwise noted) Delivered net sales of $911M, down 8%, primarily driven by temporary spending pauses in telecom and broadband Achieved GM of 27.9%, +300 bps, and adjusted GM(b) of 28.0%, +310 bps, including $36M benefit from Inflation Reduction Act / IRC 45X tax credits Realized diluted EPS of $1.48, down 7%, and adjusted diluted EPS(1) of $2.08, +14% Reduced net leverage ratio(a) to 1.0 X EBITDA on operating cash flow of $137M In May, published 2023 Sustainability Report In May, announced agreem
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock payable on March 28, 2025, to holders of record as of March 14, 2025. 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
Delivers Net Sales up 5% and Operating Cash Flow of $81 Million Third Quarter Fiscal 2025 Highlights (All comparisons against the third quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $906M, +5%, driven by strong A&D demand, bolstered by contributions from Bren-Tronics, and improvement in the U.S. Communications market Energy Systems net sales +4% with significant margin expansion driven by operational efficiency improvements and cost controls Achieved GM of 32.9%, +400 bps, including $75M benefit from IRA / IRC 45X tax credits; ex IRA adjusted GM +80 bps Realized diluted EPS of $2.88, +55%, and adjusted diluted EPS(1) of $3.12, +22%, ex IRA +$0.12,
Finalizing its $199 million U.S. DOE award, EnerSys takes a major step toward constructing its new lithium-ion battery manufacturing facility in Greenville, SC EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, today announced the successful completion of contract and funding negotiations with the U.S. Department of Energy (DOE). This final agreement secures a $199 million award from the DOE's Office of Manufacturing and Energy Supply Chains, which will support the construction of EnerSys' state-of-the-art lithium-ion cell production facility in Greenville, South Carolina. This press release features multimedia. View the full release here: https:/
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, today announced the Company will release its third quarter fiscal 2025 financial results for the period ended December 29, 2024, after the market close on Wednesday, February 5, 2025. The press release and slide presentation will be available in the Investor Relations section of the Company's website at www.investor.enersys.com. The Company will host a conference call the following day at 9:00 AM (ET) Thursday, February 6, 2025, to review the results. Webcast and Conference Call Information A live broadcast as well as a replay of the call can be accessed directly through the webcast registration
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, announced today that it has earned the 2025 Military Friendly® Employer designation. Institutions earning the Military Friendly® Employers designation were evaluated using both public data sources and responses from a proprietary survey. Over twelve hundred companies participated in the Military Friendly® survey. Methodology, criteria, and weightings were determined by VIQTORY with input from the Military Friendly® Advisory Council of independent leaders in the military recruitment community. Final ratings were determined by combining an organization's survey score with an assessment of the organ
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, today announced incremental benefits associated with the Advanced Manufacturing Production Credit, part of Section 45X of the Internal Revenue Code (IRC). Based on final regulations for certain direct material input costs recently issued by the U.S. Treasury Department, and subsequent review by EnerSys' external advisors, the Company has refined its calculations to expand the value of its benefits for tax credits, including credits related to its production of Electrode Active Material. EnerSys estimates the incremental benefits to be approximately $3 million to $4 million per quarter. As a result,
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, today announced the appointment of Keith Fisher as President, Energy Systems Global effective January 2, 2025. Mr. Fisher will succeed and report to Shawn O'Connell, who was recently promoted to President and Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205351358/en/(Photo: Business Wire) Mr. Fisher, with a distinguished 27-year career, brings a proven track record of driving operational and financial excellence across multiple industries. His leadership in global strategic execution and services transforma
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced that VP & Treasurer, Dan Platt, is scheduled to present on Tuesday, December 3rd, at the BofA Securities Leveraged Finance Conference, being held in Boca Raton, Florida. The presentation will begin at 11:30 a.m. ET. A live video webcast and archived replay will be available to the public at https://bofa.veracast.com/webcasts/bofa/levfin2024/WJ941G.cfm. The webcast and archived replay for this event will also be available on the Events and Presentations page of the Investor Relations section of the EnerSys website at https://investor.enersys.com/events-presentations. About EnerSys
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock payable on December 27, 2024, to holders of record as of December 13, 2024. About EnerSys EnerSys is the 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
Delivers Gross Margin of 28.5%, up 190 Basis Points From Prior Year Second Quarter Fiscal 2025 Highlights (All comparisons against the second quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $884M, down 2%, with strength in Motive Power offset by continued pressure in Communications and Class 8 Transportation Energy Systems improving with net sales +6% sequentially and backlog increasing for the second consecutive quarter Achieved GM of 28.5%, +190 bps, including increased benefits from Inflation Reduction Act / IRC 45X tax credits, +60 bps ex IRA Realized diluted EPS of $2.01, +29%, and adjusted diluted EPS(1) of $2.12, +15% Net leverage ratio(a) 1.6 X