Oppenheimer raised its price target on EnerSys (NYSE:ENS) to $250 from $210 while maintaining an Outperform rating.
The upgrade follows EnerSys' fiscal Q4 2026 results that beat consensus on both revenue and earnings. The company also issued Q1 guidance above expectations and reported broad-based order growth.
According to Oppenheimer, shares rose after the results. The next catalyst may come from initiatives to accelerate revenue growth, with an investor day scheduled for June 11 to detail the roadmap.
Early indicators include lithium-ion UPS for data centers, warehouse battery storage systems, defense contract wins, and transport aftermarket penetration.
Oppenheimer raised its fiscal 2027 and 2028 estimates based on improving demand trends.
