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.
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