From Yahoo Finance: 2025-04-30 23:06:00

EnerSys (NYSE:ENS) is one of the 12 Most Promising EV Battery Stocks according to Wall Street Analysts. The market for EV batteries is growing as the demand for electric cars rises. Major manufacturers are investing in new energy storage solutions to transform the market. The EV battery market was worth $59.06 billion in 2023 and is projected to grow to $111.20 billion by 2032, with Asia Pacific leading in market share.

The cost of EV batteries has decreased due to lower prices of nickel, cobalt, and lithium, but prices are expected to stabilize. NCM811 cell prices in Europe are predicted to decline by over 7% between 2024 and 2030. Analysts expect lithium prices to stabilize in 2025 due to mine closures and increased EV sales in China. The EV battery market presents a great investment opportunity.

EnerSys (NYSE:ENS) has seen a 5% revenue growth, reaching $906 million in the third quarter of fiscal 2025. The company is focusing on energy storage products, including EV batteries, and has raised its fiscal 2025 projection. EnerSys is well-positioned for future success in the energy storage industry and ranks 9th on the list of the 12 Most Promising EV Battery Stocks. Analysts anticipate an upside potential of 35.59%.



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