EnerSys Selected for $199 Million Award Negotiation to Develop State-of-the-Art Lithium-Ion Cell Gigafactory
EnerSys (ENS)
Last enersys earnings: 2/5 04:15 pm
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Source: Business Wire
New Factory to Support Growing Demand for Domestically Sourced Batteries in the United States (U.S.) READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, today announced that it has been selected to enter into award negotiations for $199 million from the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains to support the development of EnerSys’ lithium-ion cell production facility in Greenville, SC.The DOE funding is part of the federal $62 billion Bipartisan Infrastructure Law (BIL) Battery Materials Processing and Battery Manufacturing Grants, which are focused on ensuring that the U.S. has a viable battery materials processing industry with the objective of expanding domestic battery manufacturing capabilities and enhancing processing capacity. The selection is subject to final contract and funding negotiations between the DOE and EnerSys, which could take approximately 120 day
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News
- EnerSys Announces Date and Webcast Information for Its Tech Talk Focused on Its Lithium-Ion Cell GigafactoryBusiness Wire
- Is EnerSys (ENS) the Best Battery Stock to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- EnerSys (NYSE: ENS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Data Center UPS Strategic Business Report 2024, Featuring Profiles of 40+ Key Players Including East Penn Manufacturing Co., EnerSys, Exide Technologies, Schneider Electric and Vertiv [Yahoo! Finance]Yahoo! Finance
- EnerSys (NYSE: ENS) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $120.00 price target on the stock.MarketBeat
ENS
Earnings
- 8/7/24 - Beat
ENS
Sec Filings
- 9/20/24 - Form 8-K
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- ENS's page on the SEC website