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 |
---|---|---|---|
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 |
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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), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.225 per share of common stock payable on June 28, 2024, to holders of record as of June 14, 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, Moti
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced the Company will release its fourth quarter and full year fiscal 2024 financial results for the period ended March 31, 2024, after the market close on Wednesday, May 22, 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, May 23, 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 registrat
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 $0.225 per share of common stock payable on March 29, 2024, to holders of record as of March 15, 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, Mo
Delivers Gross Margin of 28.9%, Up 570 Basis Points From Prior Year and EPS of $1.86, Up 72% From Prior Year Third Quarter Fiscal 2024 Highlights (All comparisons against the third quarter of fiscal year 2023 unless otherwise noted) Delivered net sales of $862M, down 6%, primarily driven by temporary spending pauses in telecom and broadband Achieved GM of 28.9%, +570 bps, including $59M benefit from Inflation Reduction Act / IRC 45X tax credits Achieved adjusted GM(b) of 30.7%, +760 bps; excluding $59M benefit from IRC 45X tax credits 23.9%, up 80 bps Generated operating earnings of $93M, +18%, and adjusted operating earnings(2) of $130M, +53% Realized diluted EPS of $1.8
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced the Company will release its third quarter fiscal 2024 financial results for the period ended December 31, 2023, after the market close on Wednesday, February 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, February 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
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications is providing a one time update to a portion of its previously issued fiscal third quarter 2024 outlook following the December 14, 2023 issuance of proposed regulations by the U.S. Department of the Treasury regarding the Advanced Manufacturing Production Credit - Section 45X of the Internal Revenue Code. The proposed regulations provide additional clarification on the methodology for calculating capacities of batteries that qualify for tax credits. EnerSys believes the impact of the proposed regulations will result in more of its product sales than previously anticipated to qualify for the related ta
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), 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, announced today that it has completed its acquisition of Bren-Tronics. The acquisition of Bren-Tronics marks a significant milestone in EnerSys' strategic growth and expansion initiatives. "We are very pleased to have closed this important transaction and can officially welcome Bren-Tronics to the EnerSys family," said EnerSys President & CEO David M. Shaffer. "EnerSys' combination with Bren-Tronics will strengthen our position as a critical enabler of the energy transition and supports our growth in the attractive and growing military and defense end markets." Shaffer added, "Our acquisition w
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
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
EnerSys (NYSE:ENS) the global leader in stored energy solutions for industrial applications today announced that members of its management team are scheduled to participate in upcoming investor conferences. Details for each event are as follows: William Blair 44th Annual Growth Stock Conference – Chicago, IL Tuesday, June 4, 2024 at 8:00 a.m. CT Webcast link: https://wsw.com/webcast/blair97/ens/1782620 Wells Fargo 2024 Industrials Conference – Chicago, IL Wednesday, June 12, 2024, at 12:45 p.m. CT Webcast link: https://event.webcasts.com/starthere.jsp?ei=1672989&tp_key=0b02e5069b&tp_special=8 CL King's Advanced Electronics Seminar "Tool Kit for Next Generation Electronics" – Virtual
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), the global leader in stored energy solutions for industrial applications, announced today that its Board of Directors has declared a quarterly cash dividend of $0.225 per share of common stock payable on June 28, 2024, to holders of record as of June 14, 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, Moti
EnerSys (NYSE:ENS), a global leader in stored energy solutions for industrial applications, is proud to announce the publication of its 2023 Sustainability Report, showcasing notable progress in environmental, social, and governance (ESG) performance. The report underscores the Company's commitment to sustainability and highlights the Company's efforts to align – ahead of schedule – with new and upcoming regulatory frameworks, including the European Sustainability Reporting Standards. Key highlights from the 2023 report: Scope 1 emissions down 4.2% since 2022, and down 25% since 2019. 15% reduction in energy intensity since 2020. 6% reduction in water usage intensity since 2020.
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, has secured the 2024 Energy Storage Product of the Year Award at the Electrical Review and Data Centre Review Excellence Awards. EnerSys was also shortlisted for the Energy Storage / UPS Project of the Year and Data Center Power Project of the Year Awards. This recognition is a testament to the Company's commitment to excellence, innovation, and sustainability in industrial and utility energy storage and power management. As a leader in energy-efficient technologies, EnerSys is dedicated to providing its customers with the most reliable, secure, and sustainable power for their operational needs
BTIG analyst Gregory Lewis downgrades EnerSys (NYSE:ENS) from Buy to Neutral.
Stronger-than-expected quarterly results and upbeat revenue guidance from Nvidia Corp. sparked a renewed surge in tech stocks on Thursday, as traders continue to exhibit bullish sentiment toward the rapidly expanding AI industry. The chipmaker giant’s stock soared over 10% to $1,051 per share during midday trading in New York, boosting its market value by an astonishing $277 billion in a single session. The tech-heavy Nasdaq 100 reached 18,907 points in early trading, setting a new all-time high. Similarly, the S&P 500 hit a record high of 5,341 points before paring gains as other sectors lagged behind tech. The semiconductor sector clearly outperformed, with the VanEck Semiconducto
U.S. stocks were mixed, with the Dow Jones index falling around 250 points on Thursday. Shares of e.l.f. Beauty, Inc. (NYSE:ELF) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter earnings. e.l.f. Beauty reported adjusted earnings of 53 cents per share, beating the 32-cent estimate, according to data from Benzinga Pro. Quarterly sales clocked in at $321.14 million, beating the $292.17 million analyst consensus estimate, primarily driven by strength across retailer and e-commerce channels. e.l.f. Beauty said it sees fiscal year earnings between $3.20 and $3.25 per share, versus the $3.51 per share estimate, and full-year revenue in a
EnerSys (NYSE:ENS) reported quarterly earnings of $1.48 per share which missed the analyst consensus estimate of $1.89 by 21.69 percent. The company reported quarterly sales of $910.70 million which beat the analyst consensus estimate of $892.91 million by 1.99 percent. This is a 8.00 percent decrease over sales of $989.90 million the same period last year.
Gainers Nauticus Robotics (NASDAQ:KITT) shares increased by 5.7% to $0.2 during Friday's after-market session. The market value of their outstanding shares is at $12.3 million. Atmus Filtration Techs (NYSE:ATMU) stock rose 5.48% to $30.0. The market value of their outstanding shares is at $2.5 billion. The company's, Q1 earnings came out today. EnerSys (NYSE:ENS) shares increased by 4.99% to $97.94. The company's market cap stands at $3.9 billion. Simpple (NASDAQ:SPPL) stock rose 4.02% to $0.75. The company's market cap stands at $12.1 million. Sidus Space (NASDAQ:SIDU) shares moved upwards by 3.84% to $3.24. The company's market cap stands at $13.5 million. Knightscope (NASDAQ:KSCP) s
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