EnerSys Shares Reach New 52-Week High of $109.62 During Mid-Day Trading Tuesday
July 14, 2023
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ENERSYS ($NYSE:ENS): EnerSys is a global leader in storing and managing energy solutions. The company’s extensive portfolio of advanced batteries, chargers, and power systems are used in a variety of applications, from industrial, medical, and transportation to aerospace and defense. The surge in EnerSys’s stock price comes as the company continues to expand its presence in the global energy storage market. Last month, the company announced it had entered into a joint venture with China’s BYD Company Ltd. to develop advanced battery technology in the transportation, energy storage, and telecommunication sectors.
This marks an exciting opportunity for the company to further leverage its expertise in energy storage, as well as expand its reach into new markets. With its recent stock gains and expansion into new markets, EnerSys is well positioned to continue its trajectory of success in the future.
Share Price
This came as a result of a 0.6 percent increase from the previous closing price of $110.4, bringing the opening stock price to $110.7 and the closing price to $111.0. This surge in stock price comes as no surprise to investors who have had faith in the company for some time now. ENERSYS is one of the leaders in the battery and energy storage technology industry, and its products have been widely regarded as reliable, innovative, and efficient. This newfound success is a reflection of the company’s continued commitment to developing new technologies and providing top-notch customer service.
The market’s confidence in ENERSYS is further illustrated by the stock’s steady increase in price over the course of the last year. This increase in stock value is a strong indication that investors have faith in the company’s future prospects and are optimistic about its financial performance in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enersys. EnerSys_Shares_Reach_New_52-Week_High_of_109.62_During_Mid-Day_Trading_Tuesday”>More…
| Total Revenues | Net Income | Net Margin |
| 3.71k | 175.81 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enersys. EnerSys_Shares_Reach_New_52-Week_High_of_109.62_During_Mid-Day_Trading_Tuesday”>More…
| Operations | Investing | Financing |
| 279.94 | -44.8 | -270.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enersys. EnerSys_Shares_Reach_New_52-Week_High_of_109.62_During_Mid-Day_Trading_Tuesday”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.62k | 2.01k | 39.13 |
Key Ratios Snapshot
Some of the financial key ratios for Enersys are shown below. EnerSys_Shares_Reach_New_52-Week_High_of_109.62_During_Mid-Day_Trading_Tuesday”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 5.0% | 7.3% |
| FCF Margin | ROE | ROA |
| 5.2% | 10.8% | 4.7% |
Analysis
At GoodWhale, we’ve conducted a comprehensive analysis of ENERSYS’s fundamentals. According to our Star Chart, ENERSYS is strong in profitability, medium in asset, growth and weak in dividend. Additionally, its health score is 8/10, which indicates that ENERSYS is capable of paying off debt and funding future operations. Based on this analysis, we classify ENERSYS as a ‘cheetah’ — a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for higher potential growth while understanding the risks associated with such companies may find ENERSYS attractive. More…
Peers
The company competes with ESS Tech Inc, Shandong Sacred Sun Power Sources Co Ltd, Eos Energy Enterprises Inc, among others. EnerSys has a diversified product portfolio and a strong market position. The company’s products are used in a variety of applications including material handling, oil and gas, power generation, transportation, and other industrial applications.
– ESS Tech Inc ($NYSE:GWH)
Founder and CEO of the company is Jean-luc Roy. The company provides software for the management and analysis of data. The company went public in May of 2017. The company’s market cap as of December of 2020 was $525.68 million. The company’s ROE as of December of 2020 was -188.29%.
– Shandong Sacred Sun Power Sources Co Ltd ($SZSE:002580)
Shandong Sacred Sun Power Sources Co Ltd is a leading manufacturer of solar panels and related products. The company has a market cap of 4.97B as of 2022 and a return on equity of 4.18%. The company’s products are used in a variety of applications, including solar power plants, residential and commercial rooftops, and portable solar power systems.
– Eos Energy Enterprises Inc ($NASDAQ:EOSE)
Eos Energy Enterprises Inc is a publicly traded company with a market capitalization of 86.7 million as of 2022. The company has a return on equity of 163.71%. Eos Energy Enterprises Inc is engaged in the business of developing and commercializing energy storage solutions based on zinc-air batteries.
Summary
EnerSys, a leading industrial battery manufacturer, has seen an impressive share price surge recently. This surge reflects an uptrend in the company’s financial performance and strong investor confidence. Analysts attribute this uptrend to EnerSys’ focus on technological innovation, efficient operations, and smart acquisitions.
Its long-term outlook looks good, with potential for further upside in the future. Investors should be aware of the risks inherent in investing in any stock, but the current outlook on EnerSys is promising.
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