EnerSys rises after TD Cowen initiates coverage with 'buy'

EnerSys

19/03/2026 14:13

** Shares of electrical equipment maker EnerSys ENS.N  rise 1.26% to $166.10 in early morning trading session, after TD Cowen initiates coverage with "buy" rating; sets PT of $190

** Brokerage says investors are underappreciating EnerSys's revenue growth potential

** Revenue catalysts include a shift to higher average selling price maintenance-free solutions, new products, and an expansion of customer wallet through integrated energy systems, brokerage says

** "We believe the team will focus on the following growth markets: 1) Lithium Uninterruptible Power Supply (UPS) for data centers, 2) Battery Energy Storage System and 3) Broadband and Telecom batteries," TD Cowen says

** Four of six analysts rate stock "strong buy" or "buy" and two "hold"; their median PT is $186 - data compiled by LSEG

** Including session's move, stock up 12.5% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))