Oppenheimer lowered the firm’s price target on EnerSys to $110 from $112 and keeps an Outperform rating on the shares. EnerSys beat Q2 consensus EPS and margin estimates on lower sales while guiding Q3 EPS midpoint 2% below the Street, the analyst tells investors in a research note. The firm views the company’s first large award for EV fast charging and storage as a positive early milestone.
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- EnerSys sees Q3 adjusted EPS $1.80-$1.90, consensus $1.92
- EnerSys reports Q2 adjusted EPS $1.84, consensus $1.81
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- EnerSys downgraded to Market Perform from Outperform at William Blair