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Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Enersys (ENS) Unveils DPX Distributed Power Transport System
At the Mobile World Congress Las Vegas 2023, EnerSys (ENS - Free Report) introduced its DPX Distributed Power Transport System, featuring the new EnShield technology, which applies the Fault Managed Power standard to simplify and streamline power connections for outdoor small cells.
Traditionally, providing power to each 5G small cell requires permits and coordination with the electrical utility, which often causes delays and results in increased costs in 5G small cell deployment. The DPS power system uses a single grid tap to power up to 10 small cell nodes, thereby boosting 5G deployment and generating revenues for 5G operators.
The EnerSys Power Transport System provides power to 5G small cells, which is situated about a mile away. It can energize up to 10 nodes using higher power small cell radios, or up to 40 nodes using low power radios and supplies more power than the traditional remote power systems while ensuring technician safety.
The DPX Distributed Power Transport System, which is currently in trail mode, will be commercially available to customers in 2024.
Price Performance
Shares of ENS have gained 54.5% in the past year, outperforming the industry’s 26.6% growth.
Image Source: Zacks Investment Research
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 18.5%, on average. In the past 60 days, estimates for Caterpillar’s earnings have increased 10.4% for 2023. The stock has gained 65.9% in the past year.
Ingersoll Rand Inc. (IR - Free Report) currently flaunts a Zacks Rank of 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 3% for 2023. The stock has gained 46.3% in the past year.
Eaton Corporation plc (ETN - Free Report) presently carries a Zacks Rank of 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 3.9% for 2023. The stock has soared 60.8% in the past year.