Roth Capital says buy the dip in EnerSys shares following Q4 earnings

Roth Capital analyst Chip Moore said the firm would be buyers of EnerSys (ENS) following weakness in the shares after Q4 results. The company is well-positioned as a critical enabler of energy transition and uniquely suited to meet complex and evolving power challenges, Roth told investors in a research note. The firm expects innovation around secular trends of electrification, automation, and digitization to drive growth, with mix-shift, scale, and operational improvements supporting ramping profitability. Roth reiterated a Buy rating and $120 price target on EnerSys stock.