EnerSys (ENS) Reduces Workforce by 575 Employees; Expects $80 million in Annualized Savings
A large industrial smokestack, its emissions being reduced with an innovative pollution control system.
Under a broader restructuring initiative, EnerSys (NYSE:ENS), on July 22, 2025, announced its decision to reduce its workforce by 575 employees, 11% of its non-production staff. The restructuring is expected to result in $80 million in annualized savings starting in fiscal 2026. Shawn O'Connell, the CEO of EnerSys (NYSE:ENS), emphasized that the move will create a more agile organization that aligns with its long-term priorities.
Meanwhile, analysts remain positive on the company's outlook. In May, Roth MKM maintained its 'Buy' rating on EnerSys (NYSE:ENS) with a $120 price target. The company's earnings release is scheduled for August 6, 2025.
With its energy solutions, EnerSys (NYSE:ENS) serves industrial, defense, and telecom sectors. It is included in our list of cheap lithium stocks.
While we acknowledge the potential of ENS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and 10 Cheap Lithium Stocks to Buy According to Hedge Funds.
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