Roth/MKM Starts EnerSys (ENS) at Buy

Roth/MKM analyst Chip Moore initiates coverage on EnerSys (NYSE: ENS) with a Buy rating and a price target of $120.00.

The analyst comments: "We initiate EnerSys at Buy with a $120 PT. EnerSys is a leading industrial energy storage solutions provider, we believe well-positioned as a critical enabler of energy transition and uniquely suited to meet complex and evolving power challenges for customers. We expect innovation around secular trends of electrification, automation and digitization to drive future growth (towards 8-10% goal), with mix-shift, scale, and operational improvements supporting ramping profitability. We see a near-term catalyst with likely DOE funding for a domestic Li-ion plant and upside from M&A."

For an analyst ratings summary and ratings history on EnerSys click here. For more ratings news on EnerSys click here.

Shares of EnerSys closed at $98.98 yesterday.

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