EnerSys price target raised to $164 from $150 at Roth Capital

Roth Capital raised the firm’s price target on EnerSys (ENS) to $164 from $150 and keeps a Buy rating on the shares. The firm is positive on the company’s position as a leading industrial energy storage solutions provider that is “uniquely suited” to meet complex and evolving power challenges while offering “underappreciated upside potential”, the analyst tells investors in a research note. Roth adds that it expects innovation around secular trends of electrification, automation, and digitization to drive growth, with mix-shift, scale, and operational improvements supporting ramping profitability.