EnerSys (ENS) PT Raised to $280 at BTIG

BTIG analyst Gregory Lewis raised the price target on EnerSys (NYSE: ENS) to $280.00 (from $250.00) while maintaining a Buy rating.

The analyst commented: "Yesterday ENS held an Investor Day which focused on their unique battery offering across the defense, data center, motive, and telecom sectors. And while near-term headwinds persist (think tariffs and supply chain), ENS issued long-term revenue growth guidance of 3%-5% market growth plus 1%-3% from target market initiatives which points to $200M-$250M of annual revenue growth at the mid-point. Additionally, management is targeting 50-100bps of annual margin expansion before accounting for continued IRA tax credits. Bottom line: Management is leaning into secular tailwinds across energy storage (includes electrification and energy security) which should provide the company a multi-year revenue growth path with improving margins along the way. We reiterate our Buy rating."

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