EnerSys research snapshot
ENS AI stock analysis as of the August 3, 2026 data cutoff reads EnerSys as a high-quality stored-energy company with strong operating momentum and a weak near-term technical setup. The stock closed at $186.05 on July 31, 2026, down about 9% from the July 10, 2026 close of $205.68 used in the previous refresh, with a market capitalization near $6.78 billion on 36.46 million shares per the StockAnalysis.com quote and statistics pages and the SEC FY2026 Form 10-K. EnerSys delivered record fiscal 2026 results for the year ended March 31, 2026: net sales of $3,751.4 million up 3.7%, record adjusted diluted EPS of $10.56 up 4%, and record adjusted diluted EPS excluding 45X credits of $6.41 up 15%, with $547.6 million of operating cash flow, $467.5 million of free cash flow, $370.7 million of share repurchases, $408.8 million returned to stockholders, and net leverage of 1.1x EBITDA. The fourth quarter beat expectations with adjusted EPS of $3.19 and a book-to-bill of 1.1, the highest in nearly four years, while Q1 FY2027 guidance points to net sales of $915 million to $955 million and adjusted EPS excluding 45X of $1.61 to $1.71. The company realigned into three operating segments effective fiscal 2027, introduced its DataSafe Noir lithium data-center battery, advanced its battery energy storage solutions for warehouse operators, and re-scoped its Greenville, South Carolina lithium cell facility toward defense-focused, FEOC-compliant cells with Department of Energy grant discussions in the final stages. The AI score sits at 62 out of 100 because operating quality is high but the stock trades 24% below its 52-week high of $244.30, below its 20-day, 50-day, and 100-day moving averages, with RSI near 39, short interest rising to 5.63% of shares outstanding, and next quarter results due August 12, 2026. This page is an informational research tool, not investment advice.
Current price
$186.05, July 31, 2026 close
Market cap
$6.78 billion using 36.46 million shares from the FY2026 Form 10-K, matching the StockAnalysis.com statistics snapshot as of August 3, 2026
AI score
62 / 100
Rating
Strong industrial execution with data-center and defense growth, now trading below its 50-day moving average after a sharp July pullback
Trend status
Above the rising 200-day moving average but below the 20-day, 50-day, and 100-day moving averages after a pullback from the $244.30 high
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | EnerSys supplies stored-energy systems, motive-power batteries, specialty batteries, chargers, enclosures, and services to more than 10,000 customers in over 100 countries, with no single customer above 10% of revenue. Fiscal 2026 delivered record net sales of $3,751.4 million and record adjusted operating earnings, with a 29.3% gross margin and adjusted operating margin of 14.4% before the impact of restructuring and other highlighted items. | High |
| Moat | The moat comes from installed products, service coverage, application knowledge, reliability, brands, certifications, TPPL technology for high-rate data-center discharges, and a leading North American position in forklift batteries and data-center lead-acid solutions. The FY2026 Form 10-K says product quality and customer relationships matter more than any single patent, so the moat can narrow if chemistry, service quality, or execution falls behind. | Medium-high |
| Management | CEO Shawn O’Connell completed his first year as CEO with record adjusted EPS excluding 45X, a book-to-bill of 1.1, a $409 million return to stockholders, plant closures in Tijuana and Monterrey, a realignment into three segments, and a re-scoped defense-focused lithium strategy. CFO Andrea Funk is executing a 4% to 8% annual revenue growth target with 50 to 100 basis points of annual margin expansion and disciplined capital allocation. | Medium-high |
| Financial trend | FY2026 revenue rose 3.7% to $3,751.4 million, GAAP net income fell 19.3% to $293.6 million on restructuring and highlighted items, adjusted diluted EPS rose 4% to a record $10.56, adjusted EPS excluding 45X rose 15% to a record $6.41, free cash flow was $467.5 million, and total capital returned to stockholders was $408.8 million, while net leverage improved to 1.1x EBITDA. | High |
| Valuation | At $186.05, ENS traded at about 24.16x trailing GAAP EPS, 15.56x forward adjusted EPS, 1.81x sales, 3.56x book value, and 14.51x free cash flow in the August 3, 2026 StockAnalysis.com snapshot. That is not extreme for the growth story, but it assumes adjusted EPS keeps growing while Motive Power recovers and the lithium and data-center bets pay off. | Medium-high |
| Technical trend | ENS closed at $186.05 on July 31, 2026, above the rising 200-day moving average near $178.34 but below the 5-day, 20-day, 50-day, and 100-day averages near $184.21, $196.21, $215.23, and $204.91, with 14-day RSI near 39.14 and 14-day ADX near 28.69, showing a short-term downtrend inside a longer-term uptrend. | Medium |
| Risk level | Key risks include a soft Motive Power and transportation market, tariffs of roughly $70 million annually before mitigation, freight and Middle East conflict costs, IRC 45X credit dependence, lithium and alternative chemistry competition, project-timing swings in data centers and defense, restructuring execution, and a sharp drawdown with rising short interest at 5.63% of shares outstanding. | High |
| AI confidence | Confidence is high for historical financial facts and management history, medium for competitive positioning and technical levels, and medium for the forecast because 45X credits, tariffs, end-market timing, and technology adoption can change the earnings path. | Medium-high data confidence |
| Investment certainty | ENS is a credible industrial compounder candidate with a strong operating base, but not a no-surprise compounder. Certainty improves if Motive Power returns to growth, adjusted EPS excluding 45X keeps compounding, the lithium and BESS launches scale, and the stock stops losing ground to its declining 50-day average. | Medium |
ENS AI stock forecast
The ENS AI stock forecast uses the July 31, 2026 close of $186.05 and the FY2027 consensus adjusted EPS estimate of $11.95 per StockAnalysis.com. A three-year scenario framework using annual adjusted EPS growth of roughly 14% in the bullish case, 9% in the base case, and a decline in the bearish case, with exit multiples near 19x, 16x, and 12x, produced reference areas near $300 to $335, $220 to $265, and $115 to $150. These are scenarios, not company guidance or promised prices.
$300 to $335
More likely if data-center and aerospace and defense demand stay strong, the DataSafe Noir lithium data-center battery and warehouse BESS scale as planned, Motive Power volumes recover through fiscal 2027, IRC 45X credits stay durable, the Greenville defense-focused lithium facility executes on schedule, and the market re-rates adjusted EPS growth toward a higher multiple.
$220 to $265
More likely if revenue grows at a low to mid single-digit rate, adjusted EPS excluding 45X compounds at a high single-digit to low double-digit rate, Motive Power improves gradually, the stock trades near a 15x to 18x forward multiple, and the price works back toward the analyst target area around $252.
$115 to $150
More likely if Motive Power and transportation demand stays weak, tariffs and freight costs keep pressuring margins, 45X credits fade faster than earnings can replace them, lithium competitors take share in data centers, the defense strategy faces delays, or the market applies a mid-teens multiple to a lower normalized adjusted EPS base.
ENS AI technical analysis
ENS AI technical analysis is bearish in the short term but constructive in the long term as of the August 3, 2026 data cutoff. The stock closed at $186.05 on July 31, 2026, about 24% below the 52-week high of $244.30, above the rising 200-day moving average near $178.34 but below the 5-day, 20-day, 50-day, and 100-day averages near $184.21, $196.21, $215.23, and $204.91. Barchart and ChartMill both showed 14-day RSI near 39.14, ADX near 28.69, and a weak-neutral momentum profile, while ChartMill placed key support near $176.43 and resistance near $201 to $204, $225, and $239 to $244. Technical levels are time-sensitive and should be refreshed before use.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $186.05 | StockAnalysis.com real-time quote at the July 31, 2026 close, up 0.70% on the day. The price is about 9% below the July 10, 2026 close of $205.68 used in the previous refresh. |
| Immediate support | $175 to $180 | ChartMill identified a horizontal support near $176.43 in the daily time frame, and the rising 200-day moving average near $178.34 sits just below, forming a support cluster near $175 to $180. |
| Secondary support | $165 to $172 | A break below the $175 to $180 cluster would open the area near $165 to $172, which is below the prior support zone and not yet confirmed by current chart data, so it should be validated with fresh levels. |
| Near resistance | $201 to $205 | ChartMill identified a resistance zone from $201.32 to $204.22 formed by trend lines and moving averages in multiple time frames, overlapping the 20-day average near $196.21 and the 100-day average near $204.91. |
| Higher resistance | $225 to $245 | ChartMill placed resistance near $225.09 from a daily trend line and near $239.63 from a daily horizontal line, with the 52-week high of $244.30 as the upper boundary. |
| 20-day moving average | $196.21 | Barchart reported the 20-day moving average near $196.21 on July 31, 2026, above price, so the short-term trend is still negative. |
| 50-day moving average | $215.23 | Barchart and ChartMill both reported the 50-day moving average near $215.23, well above price after the July drawdown. |
| 100-day moving average | $204.91 | Barchart reported the 100-day moving average near $204.91, which flipped from a support reference into overhead resistance on the recent decline. |
| 200-day moving average | $178.34 | The 200-day moving average is still rising near $178.34 and price holds above it, so the longer-term uptrend is not broken. |
| Momentum | RSI near 39, ADX near 29 | 14-day RSI was near 39.14, weak-neutral but not oversold, and 14-day ADX near 28.69 confirmed a trending move, with the daily MACD below zero near -0.89. |
| Volume | About 434K to 555K average shares | StockAnalysis.com listed 20-day average volume near 434,000 shares and ChartMill near 555,000, so a breakout or breakdown should be assessed against participation. |
| Volatility | Elevated after the drawdown | Barchart reported 14-day historical volatility near 43.90% and ChartMill showed ATR of about 4.96% of price, so position sizing should account for large daily swings. |
| Invalidation | Close below $178 | A decisive close below the $175 to $180 support cluster and the 200-day moving average near $178.34 would weaken the long-term uptrend; a move above $204 to $205 would be the first sign the short-term downtrend is broken. |
ENS AI trading strategy
The ENS AI trading strategy below is a rules-based research framework, not personal advice. It connects chart levels with segment sales, free cash flow, 45X benefits, tariffs, technology mix, customer demand, and management guidance, and it should be paired with fresh chart data and defined risk limits.
Watch for ENS to hold the $175 to $180 support cluster and the 200-day moving average, then reclaim the $196 to $205 zone above the 20-day and 100-day averages before the short-term trend turns up. Fundamental confirmation would be stable data-center and defense demand, improving Motive Power orders, and no deterioration in Q1 FY2027 results due August 12, 2026.
A close below $178 or a failed reclaim of $205 should reduce confidence in the setup, especially if the next earnings report disappoints or 45X guidance is cut.
If ENS revisits the $175 to $180 area, compare the price with the base and bearish scenarios only after checking order intake, segment margins, tariffs, lead and freight costs, lithium competition, and adjusted EPS excluding 45X. A lower price is not automatically a margin of safety if normalized earnings are also falling.
Do not average down through a fundamental break. Use a predefined loss limit and reassess the thesis if the $175 area fails or if Motive Power weakness spreads to data-center and defense demand.
Track Network and Infrastructure, Industrial Mobility, and Precision Power segment sales, Motive Power orders and book-to-bill, adjusted EPS excluding 45X, gross margin excluding 45X, operating cash flow, capital expenditures, net leverage, tariff refunds, freight costs, lithium product commissioning, the Greenville facility status, and the August 12, 2026 Q1 FY2027 report.
Treat the difference between reported adjusted EPS and adjusted EPS excluding 45X as a thesis variable. Strong adjusted results should not override weaker cash conversion, rising debt, falling volumes, or a loss of technology relevance.
Investment research summary
Customers pay EnerSys for reliable stored energy, power conversion, chargers, enclosures, and service in applications where downtime is costly, including data centers, communications, utilities, material handling, transportation, aerospace, and defense. Service and replacement relationships make the business more than a one-time battery sale, and the company supports more than 10,000 customers in over 100 countries.
The moat is built from product reliability, application engineering, distribution and service coverage, customer qualification, installed-base knowledge, brands, TPPL technology for high-rate data-center discharges, and a leading North American position in forklift and data-center lead-acid markets. The FY2026 Form 10-K also makes clear that chemistry changes and well-funded competitors can challenge this advantage.
The thesis fails if Motive Power and transportation demand stays weak, tariffs and freight costs outrun pricing, IRC 45X credits overstate normalized margins, lithium or alternative chemistries become the default in data centers, defense projects are delayed, the Greenville lithium facility slips, or restructuring and acquisitions consume the cash that appears available for buybacks and dividends.
Shawn O’Connell became CEO in May 2025 and delivered record fiscal 2026 adjusted EPS excluding 45X, a $409 million return to stockholders, Tijuana and Monterrey plant closures, a three-segment realignment, and a re-scoped defense-focused Greenville lithium strategy. Andrea Funk is CFO. The key management test is whether the 4% to 8% revenue growth and 50 to 100 basis points of annual margin expansion targets hold while the company funds lithium, data-center, defense, and domestic manufacturing opportunities.
EnerSys sits at the intersection of critical-power resilience, AI-driven data-center growth, communications infrastructure, rising defense budgets, warehouse automation, and electrification. The Q4 FY2026 call and Investor Day described strong data-center, communications, and aerospace and defense momentum with a book-to-bill of 1.1, while Motive Power and transportation remain soft but show improving order trends. This is a favorable long-term trend with meaningful cycle and technology risk.
At $186.05, ENS traded near 24.16x trailing GAAP EPS, 15.56x forward adjusted EPS, 1.81x sales, 3.56x book value, and 14.51x free cash flow in the August 3, 2026 StockAnalysis.com snapshot. The three-scenario framework produced reference areas near $300 to $335 bullish, $220 to $265 base, and $115 to $150 bearish. The margin of safety is moderate, not obvious, because the stock is 24% below its high but still prices in meaningful earnings recovery.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| ENS share price | $186.05 at the July 31, 2026 close, up $1.30 or 0.70% on the day, and about 9% below the July 10, 2026 close of $205.68 | StockAnalysis.com market quote | August 3, 2026 |
| Market capitalization and shares | $6.78 billion calculated as $186.05 x 36.46 million shares; 36,462,211 shares outstanding as of March 31, 2026 per the FY2026 Form 10-K | SEC FY2026 Form 10-K and StockAnalysis.com statistics | August 3, 2026 |
| FY2026 net sales and segment mix | $3,751.4 million total revenue; Energy Systems $1,651.3 million, Motive Power $1,431.0 million, Specialty $665.1 million, and other $4.0 million | Q4 FY2026 earnings release and SEC FY2026 Form 10-K | August 3, 2026 |
| FY2026 earnings and margins | $293.6 million GAAP net earnings and $7.70 diluted EPS; record adjusted diluted EPS of $10.56 up 4%; record adjusted diluted EPS ex 45X of $6.41 up 15%; gross margin 29.3% | Q4 FY2026 earnings release | August 3, 2026 |
| FY2026 cash flow | $547.6 million operating cash flow, $80.1 million capital expenditures, and about $467.5 million free cash flow | Q4 FY2026 earnings release and StockAnalysis.com cash flow statement | August 3, 2026 |
| Q4 FY2026 results | Net sales $988.0 million up 1.3%, GAAP diluted EPS $2.05, record adjusted diluted EPS $3.19 up 7%, adjusted EPS ex 45X $1.96 up 5%, operating cash flow $144.0 million, free cash flow $131.2 million, and a book-to-bill of 1.1, the highest in nearly four years | Q4 FY2026 earnings release and Q4 2026 earnings call | August 3, 2026 |
| Balance-sheet snapshot as of March 31, 2026 | $438.7 million cash, total debt near $1.11 billion (short-term $29.2 million, long-term $1,079.8 million), net debt of $684.1 million per the credit facility definition, and net leverage of 1.1x EBITDA | Q4 FY2026 earnings release and SEC FY2026 Form 10-Q | August 3, 2026 |
| Valuation snapshot | 24.16x trailing PE, 15.56x forward PE, 1.81x PS, 3.56x PB, 14.51x P/FCF, 14.08x EV/EBITDA, 6.89% FCF yield, and 0.56% dividend yield | StockAnalysis.com statistics | August 3, 2026 |
| Q1 FY2027 management outlook | Net sales of $915 million to $955 million, IRC 45X benefits to cost of sales of $42 million to $47 million, adjusted diluted EPS of $2.70 to $2.90 including 45X, and adjusted diluted EPS excluding 45X of $1.61 to $1.71; full-year fiscal 2027 capital expenditures of about $70 million | Q4 FY2026 earnings release | August 3, 2026 |
| Analyst consensus and price targets | Buy consensus across 6 analysts with an average target of $252.58, low of $202.92, median of $265, and high of $280; TD Cowen maintained $265 on July 24, 2026, Oppenheimer reiterated $250 on June 12, 2026, Roth MKM reiterated $265 on June 12, 2026, and BTIG raised its target from $250 to $280 on June 12, 2026 | StockAnalysis.com forecast and analyst ratings | July 24, 2026 |
| FY2027 and FY2028 consensus estimates | FY2027 revenue estimate of $3.90 billion with adjusted EPS of $11.95, and FY2028 revenue of $4.11 billion with adjusted EPS of $13.34 | StockAnalysis.com forecast financial forecast | July 24, 2026 |
| Technical snapshot | 5-day SMA near $184.21, 20-day SMA near $196.21, 50-day SMA near $215.23, 100-day SMA near $204.91, 200-day SMA near $178.34, 14-day RSI near 39.14, 14-day ADX near 28.69, MACD near -0.89, and beta 1.17 | Barchart and StockAnalysis.com technical snapshots | August 3, 2026 |
| Support and resistance snapshot | Support near $176.43 from a daily horizontal line, and resistance near $201.32 to $204.22, $225.09, and $239.63, with the 52-week high at $244.30 | ChartMill technical analysis | August 3, 2026 |
| Short interest | 2.05 million shares short, 5.63% of shares outstanding, and 3.34 days to cover, up from 1.25 million shares in the previous month | StockAnalysis.com statistics short selling | August 3, 2026 |
| Capital returns | FY2026 share repurchases of $370.7 million and total capital returned of $408.8 million, with about $876 million remaining in the buyback authorization per the Q4 call and roughly $875 million per the Investor Day | Q4 FY2026 earnings call and Investor Day 2026 transcript | August 3, 2026 |
| IRC 45X benefit | $159 million of IRC 45X Advanced Manufacturing Production Credits recognized in FY2026, with $42 million to $47 million expected in Q1 FY2027 | Investor Day 2026 transcript and Q4 FY2026 earnings release | August 3, 2026 |
| Segment realignment and Investor Day targets | Realigned into Network and Infrastructure Solutions, Industrial Mobility Solutions, and Precision Power Solutions effective fiscal 2027; Investor Day targets of 4% to 8% annual revenue growth, 50 to 100 basis points of annual margin expansion, normalized capex of $70 million to $80 million, and a net leverage target of 2x to 3x EBITDA | Investor Day 2026 transcript and company press releases | August 3, 2026 |
| Greenville lithium facility update | The planned U.S. lithium cell manufacturing facility in Greenville, South Carolina was re-scoped toward defense-focused, FEOC-compliant cells for aerospace and defense customers, with Department of Energy grant discussions in the final stages and a more focused manufacturing footprint expected | Q4 2026 earnings call and July 2026 company press release | August 3, 2026 |
| Q1 FY2027 earnings date | Results for the period ended July 5, 2026 to be released after market close on Wednesday, August 12, 2026, with the conference call the following morning | EnerSys press release, July 22, 2026 | August 3, 2026 |
| 52-week range and performance | 52-week range of $88.76 to $244.30, up about 100.77% over the trailing 52 weeks, and beta of 1.17 | StockAnalysis.com quote and statistics | August 3, 2026 |
This ENS AI stock analysis is an informational research tool only and is not investment advice, financial advice, or a promise of returns. Forecast ranges are scenario outputs based on available data and stated assumptions as of the August 3, 2026 data cutoff. They may be wrong, incomplete, or outdated after new earnings, tariffs, technology developments, or market moves. Verify current filings, market prices, management guidance, and your own risk tolerance before making decisions.
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