We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
EnerSys (ENS) Unit's President to Retire in March Next Year
Read MoreHide Full Article
EnerSys’ (ENS - Free Report) Energy Systems Global segment’s president, Andrew (Drew) M. Zogby, is set to retire on Mar 31, 2024. Zogby has collectively served at Enersys and Alpha (a subsidiary of EnerSys) for 15 years.
Shawn M. O’Connell, who is currently serving as the president of EnerSys’ Motive Power Global segment, will succeed Zogby. Since joining ENS in 2011, Shawn has worked in various leadership roles, including vice president of EnerSys Advanced Systems and vice president of Reserve Power Sales and Service for the Americas.
In his current role, Shawn has introduced various transformative initiatives that have driven the Motive Power segment’s performance. Shawn will continue in his current role while the company extensively looks for his successor to ensure a smooth transition for the Motive Power business.
Healthy business across well-diversified end markets has been benefiting EnerSys over time. Its Energy Systems revenues are driven by improvements in price mix and higher battery volumes in the Americas (particularly increasing data center revenues).
Strong volume in the U.S. transportation market and continued benefits from the price mix are supporting the Specialty segment’s performance. In the quarters ahead, EnerSys is likely to benefit from its solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand.
Zacks Rank & Other Stocks to Consider
EnerSys currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
CAT’s earnings surprise in the last four quarters was 17.8%, on average. In the past 60 days, estimates for Caterpillar’s earnings have increased by 10.5% for 2023. The stock has gained 68.8% in the past year.
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank #1. IR’s earnings surprise in the last four quarters was 14.9%, on average.
In the past 60 days, estimates for Ingersoll Rand’s earnings have increased by 3% for 2023. The stock has gained 45.3% in the past year.
Eaton Corporation plc (ETN - Free Report) currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of approximately 3%, on average.
In the past 60 days, estimates for Eaton’s earnings have increased by 3.9% for 2023. The stock has soared 57.1% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
EnerSys (ENS) Unit's President to Retire in March Next Year
EnerSys’ (ENS - Free Report) Energy Systems Global segment’s president, Andrew (Drew) M. Zogby, is set to retire on Mar 31, 2024. Zogby has collectively served at Enersys and Alpha (a subsidiary of EnerSys) for 15 years.
Shawn M. O’Connell, who is currently serving as the president of EnerSys’ Motive Power Global segment, will succeed Zogby. Since joining ENS in 2011, Shawn has worked in various leadership roles, including vice president of EnerSys Advanced Systems and vice president of Reserve Power Sales and Service for the Americas.
In his current role, Shawn has introduced various transformative initiatives that have driven the Motive Power segment’s performance. Shawn will continue in his current role while the company extensively looks for his successor to ensure a smooth transition for the Motive Power business.
Healthy business across well-diversified end markets has been benefiting EnerSys over time. Its Energy Systems revenues are driven by improvements in price mix and higher battery volumes in the Americas (particularly increasing data center revenues).
Enersys Price
Enersys price | Enersys Quote
Strong volume in the U.S. transportation market and continued benefits from the price mix are supporting the Specialty segment’s performance. In the quarters ahead, EnerSys is likely to benefit from its solid product offerings, a firm focus on product innovation (including lithium, Touch-Safe, CPUC and DC fast charge) and strengthening demand.
Zacks Rank & Other Stocks to Consider
EnerSys currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Caterpillar Inc. (CAT - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CAT’s earnings surprise in the last four quarters was 17.8%, on average. In the past 60 days, estimates for Caterpillar’s earnings have increased by 10.5% for 2023. The stock has gained 68.8% in the past year.
Ingersoll Rand Inc. (IR - Free Report) presently sports a Zacks Rank #1. IR’s earnings surprise in the last four quarters was 14.9%, on average.
In the past 60 days, estimates for Ingersoll Rand’s earnings have increased by 3% for 2023. The stock has gained 45.3% in the past year.
Eaton Corporation plc (ETN - Free Report) currently carries a Zacks Rank #2. The company delivered a trailing four-quarter earnings surprise of approximately 3%, on average.
In the past 60 days, estimates for Eaton’s earnings have increased by 3.9% for 2023. The stock has soared 57.1% in the past year.