EnerSys
- Open
- 198.51
- Day high
- 200.95
- Day low
- 196.02
- Prev close
- 192.28
- Volume
- 101K
- Mkt cap
- $7.4B
- P/E (TTM)
- 25.6
- EPS (TTM)
- $7.84
- P/B
- 3.9
- P/S
- 2.0
- Yield
- 0.52%
- Per share
- $1.05
- ▲Insiders net buying $25K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
EnerSys (ENS) is a Industrials company listed on NYSE. The stock is up 121% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
EnerSys (ENS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ENS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 21, 2026 | $3.00 | $3.19 | +6.3% | $988M | +1.5% |
| Feb 4, 2026 | $2.73 | $2.77 | +1.5% | $919M | -5.6% |
| Nov 5, 2025 | $2.36 | $2.56 | +8.5% | $951M | +2.6% |
| May 21, 2025 | $2.78 | $2.97 | +6.8% | $975M | +0.2% |
| Feb 5, 2025 | $2.27 | $3.12 | +37.4% | $906M | -6.9% |
| May 22, 2024 | $2.01 | $2.08 | +3.5% | $911M | +1.9% |
| Feb 7, 2024 | $2.55 | $2.56 | +0.4% | $862M | -4.6% |
| May 24, 2023 | $1.38 | $1.82 | +31.9% | $990M | +4.1% |
| Feb 8, 2023 | $1.23 | $1.27 | +3.3% | $920M | -0.7% |
| Nov 9, 2022 | $1.09 | $1.11 | +1.8% | $899M | +1.3% |
| Aug 10, 2022 | $1.15 | $1.15 | +0.0% | $899M | +0.1% |
| May 25, 2022 | $1.15 | $1.20 | +4.3% | $907M | +4.0% |
ENS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | Wynter Rudolph W.director | Grant | 33 | — |
| Jul 17, 2026 | Knausenberger Laurendirector | Grant | 135 | $195.30 |
| Jul 17, 2026 | Morytko Tamaradirector | Grant | 28 | — |
| Jul 17, 2026 | Habiger David Cdirector | Grant | 28 | — |
| Jul 17, 2026 | Habiger David Cdirector | Grant | 143 | $195.30 |
| Jul 17, 2026 | TUFANO PAUL Jdirector | Grant | 44 | — |
| Jul 17, 2026 | TUFANO PAUL Jdirector | Grant | 224 | $195.30 |
| Jul 17, 2026 | Morytko Tamaradirector | Grant | 143 | $195.30 |
| Jul 17, 2026 | Wynter Rudolph W.director | Grant | 165 | $195.30 |
| Jul 17, 2026 | Knausenberger Laurendirector | Grant | 27 | — |
| Jul 6, 2026 | Uplinger Chad Cofficer: President Industrial Mobility | Grant | 5 | — |
| Jul 6, 2026 | TUFANO PAUL Jdirector | Grant | 0 | — |
| Jul 6, 2026 | TUFANO PAUL Jdirector | Grant | 0 | — |
| Jul 6, 2026 | Morytko Tamaradirector | Grant | 0 | — |
| Jul 6, 2026 | Knausenberger Laurendirector | Grant | 0 | — |
Source: ENS SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full ENS insider & 13F page →EnerSys company profile
Overview
EnerSys (NYSE:ENS) is a global leader in stored energy solutions that was incorporated in 2000 and went public in 2004. Originally known as Yuasa, Inc., the company changed its name to EnerSys in January 2001 and is headquartered in Reading, Pennsylvania. The company has evolved from a traditional battery manufacturer into a comprehensive energy storage solutions provider, serving industrial applications worldwide through three main business segments. EnerSys has positioned itself at the intersection of multiple growth trends including data center expansion, renewable energy storage, electric vehicle infrastructure, and defense modernization.
Business
EnerSys operates in the industrial battery and energy storage market, providing stored energy solutions for mission-critical applications across various industries. The company's products are essentially large-scale batteries and power systems that provide backup power, motive power for industrial equipment, and specialized energy storage for demanding applications. The company operates through three distinct business segments: Energy Systems (approximately 43% of revenue) focuses on stationary power applications including uninterruptible power systems (UPS) for data centers, telecommunications infrastructure, and industrial facilities. These systems provide backup power when the main electrical grid fails, ensuring continuous operation of critical equipment like computer servers, telecom networks, and industrial control systems. The segment also includes large-scale energy storage systems for utilities and renewable energy applications. Motive Power (approximately 40% of revenue) provides batteries that power electric industrial equipment, primarily forklifts used in warehouses, manufacturing facilities, and distribution centers. These batteries are the "fuel" for electric material handling equipment, requiring regular charging and replacement cycles. The segment has been transitioning toward maintenance-free battery technologies that reduce operational complexity for customers. Specialty (approximately 17% of revenue) serves niche applications including aerospace and defense, transportation (locomotives and marine vessels), mining equipment, and medical devices. These applications require batteries that can withstand extreme conditions, provide reliable power in mission-critical situations, or meet specialized performance requirements that standard batteries cannot fulfill.
Revenue model
EnerSys generates revenue primarily through product sales of batteries, charging systems, and related equipment, supplemented by ongoing service and maintenance contracts. The company's customers include industrial end-users, distributors, system integrators, and original equipment manufacturers across various sectors. The business model benefits from several recurring revenue characteristics. Industrial batteries typically require replacement every 3-7 years depending on usage, creating a predictable replacement cycle. Additionally, the company provides ongoing maintenance services, battery monitoring systems, and charging equipment that generate recurring service revenues. Key factors that influence the company's margins include commodity costs (lead, lithium, steel), manufacturing efficiency, product mix, and pricing power. Lead represents a significant input cost for traditional batteries, making the company sensitive to commodity price fluctuations. However, EnerSys has developed proprietary technologies like Thin Plate Pure Lead (TPPL) that command premium pricing and higher margins. The transition toward maintenance-free and lithium-ion technologies also supports margin expansion. Market demand is driven by several secular trends including data center growth (driven by cloud computing and AI), 5G telecommunications infrastructure deployment, electric vehicle charging infrastructure, renewable energy storage requirements, and defense modernization. Economic cycles affect certain segments differently - while data centers and telecommunications tend to be more resilient, industrial material handling equipment purchases can be cyclical based on manufacturing and logistics activity. The company also benefits from Inflation Reduction Act tax credits for domestic battery production, which has provided meaningful earnings support and incentivized additional U.S. manufacturing capacity investments.
Competitive moat
EnerSys maintains a moderate competitive moat built on several key factors, though the strength varies across its business segments. The company's primary advantages include proprietary battery technologies, established customer relationships, and manufacturing scale in specialized applications. The strongest moat exists in the Specialty segment, where EnerSys serves highly regulated industries like aerospace and defense that require extensive product certification, long qualification cycles, and proven reliability records. These customers prioritize performance and reliability over cost, creating switching costs and enabling premium pricing. The recent acquisition of Bren-Tronics further strengthened this position in defense applications. In Energy Systems, the company's Thin Plate Pure Lead (TPPL) technology provides differentiation through superior performance characteristics including faster charging, longer life, and better temperature tolerance. However, this segment faces increasing competition from both traditional battery manufacturers and newer entrants focusing on lithium-ion storage systems. The Motive Power segment has the most commodity-like characteristics, though EnerSys maintains advantages through its maintenance-free battery offerings and established distribution network. The transition toward lithium-ion motive power batteries presents both opportunities and threats, as it could disrupt existing relationships while enabling higher-value solutions. Potential competitive threats include large battery manufacturers like CATL and BYD expanding into industrial applications, technology companies developing alternative energy storage solutions, and the ongoing shift toward lithium-ion technologies where EnerSys has less established market position. The company is investing heavily in lithium-ion capabilities, including a planned $665 million gigafactory in South Carolina, to address this competitive challenge.
Risks & safety
EnerSys demonstrates solid financial stability with manageable leverage and strong liquidity position, though recent cash flow volatility warrants attention. • Liquidity and Solvency: Strong current ratio of 3.06x and quick ratio of 2.00x, with $463 million in cash and short-term investments providing substantial financial flexibility • Debt Management: Debt-to-equity ratio of 0.71x represents moderate leverage that is manageable given the company's cash generation capabilities and asset base • Cash Flow Concerns: Free cash flow has been volatile, ranging from negative $25.7 million in Q1 2025 to positive $56.8 million in Q3 2025, indicating working capital management challenges during business transitions • Valuation Metrics: Trading at reasonable multiples with P/E ratio of 7.9x and EV/EBITDA of 7.9x, suggesting the market has modest expectations built into current pricing • Operational Considerations: The company is investing heavily in new lithium-ion capacity ($665 million gigafactory project) which will require significant capital deployment over the next several years, though partially offset by DOE funding support
Recent development
Over the past few years, EnerSys has undergone significant strategic transformation focused on technology advancement and market positioning. The company has been transitioning from traditional lead-acid battery manufacturing toward higher-value, technology-intensive solutions. Key strategic initiatives include the development of a lithium-ion gigafactory in Greenville, South Carolina, representing a $665 million investment partially funded by a $199 million Department of Energy award. This facility, expected to begin production in 2028 with 5 gigawatt hours of annual capacity, positions EnerSys to compete in the rapidly growing lithium-ion market for industrial applications. The company has expanded its specialty capabilities through the acquisition of Bren-Tronics, strengthening its position in aerospace and defense applications where it can command premium pricing. This acquisition aligns with increased defense spending and the need for advanced battery technologies in military applications. EnerSys has also been developing fast charging and energy storage systems, launching its first commercial units and identifying hundreds of potential deployment sites. This initiative targets the growing electric vehicle charging infrastructure market and commercial energy storage applications. In manufacturing, the company has been optimizing its footprint through facility consolidations and efficiency improvements, including closing the Sylmar facility and implementing the EnerSys Operating System to reduce waste and improve productivity. The transition toward maintenance-free battery solutions has accelerated, reaching 25% of Motive Power sales and providing margin improvement opportunities. Recent leadership changes include the planned retirement of CEO Dave Shaffer in May 2025, with President and COO Shawn O'Connell named as his successor, ensuring continuity in the company's strategic direction.
ENS company profile · for informational purposes only — not investment advice.
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