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David M. Shaffer, CEO of EnerSys (NYSE:ENS), a $3.9 billion market cap company currently trading at attractive valuations according to InvestingPro analysis, recently sold 15,662 shares of the company's common stock, amounting to a total value of approximately $1.57 million. The shares were sold at an average price of $100.18, with prices ranging between $100.00 and $100.485 per share. This transaction took place on February 12, 2025. The stock has shown strong momentum with a 14% return over the past year.
In addition to the sale, Shaffer also exercised stock options to acquire 15,662 shares at a price of $68.40 per share on the same day. Following these transactions, Shaffer holds 77,086 shares directly. The transactions were executed as part of his role as an officer of the company. With a GOOD financial health score and analysts maintaining positive forecasts, InvestingPro subscribers can access 6 more key insights about EnerSys, including detailed valuation metrics and growth projections in the comprehensive Pro Research Report.
In other recent news, EnerSys has been under the spotlight following a series of significant developments. The company's financial results for the third quarter of fiscal year 2025 surpassed consensus earnings per share (EPS) estimates, and guidance for fourth-quarter EPS exceeded market expectations, despite a lower sales forecast. Oppenheimer analysts maintained their Outperform rating and $115.00 price target for EnerSys, emphasizing the company's consistent ability to outperform margin expectations.
Meanwhile, BTIG analysts retained a Neutral rating on EnerSys shares after the company's third-quarter earnings report. The company's adjusted EPS of approximately $3.12 surpassed the consensus estimate of about $2.70, but revenue fell short by approximately 3%, totaling around $906 million. Despite the revenue shortfall, EnerSys increased its adjusted EPS guidance for fiscal year 2025.
In addition, EnerSys secured a $199 million award from the U.S. Department of Energy to support the construction of a new lithium-ion battery manufacturing facility in Greenville, South Carolina. The company aims to start construction in 2025, with commercial production projected to begin in 2028.
Furthermore, Oppenheimer analysts upgraded EnerSys stock from Perform to Outperform, setting a new price target of $115.00. The upgrade reflects a positive outlook on several factors influencing the company's performance, including a brighter telecom capital expenditure forecast and progress on strategic initiatives. The analysts believe EnerSys has a high likelihood of surpassing EPS expectations for the December quarter and anticipate upward revisions for fiscal years 2025-2026.
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