An analyst report published on October 4, 2026, rated EnerSys (ENS) an anti-consensus Buy and set a $287 price target. The bullish case centers on growth potential in the company’s data center and defense businesses, which the report says may be overlooked.
The defense segment delivered 24% year-over-year revenue growth. Its operating margin was 18%.
The report described the data center business as undervalued. Recent product launches and a strong order book could signal a re-acceleration in growth and free cash flow.
EnerSys returned 87% of fiscal 2026 free cash flow to shareholders through buybacks and dividends.