EnerSys price target raised to $250 from $185 at BTIG

BTIG raised the firm’s price target on EnerSys (ENS) to $250 from $185 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat while noting that data centers continue to be a key source of strength for EnerSys as the company began commissioning their lithium data center solution, the analyst tells investors in a research note. EnerSys also continues to make progress on their EnerGize strategic framework, shifting more production to the US which saw ENS record 45X tax credit benefits nearly 30% above its historical average, the firm added.