11 Best Lithium and Battery Stocks To Invest In

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4. EnerSys (NYSE:ENS)

Number of Hedge Fund Holders: 30

EnerSys (NYSE:ENS) is a global provider of energy storage solutions for industrial applications, offering products such as batteries, chargers, power equipment, and outdoor enclosures. The company operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. These segments serve industries including telecommunications, utilities, electric vehicles, aerospace, defense, and medical sectors.

On September 20, EnerSys (NYSE:ENS) announced its selection to negotiate a $199 million grant from the U.S. Department of Energy (DOE) as part of the Bipartisan Infrastructure Law. This funding will support the development of a lithium-ion cell production facility in Greenville, South Carolina. The company is investing $665 million in the gigafactory, which will provide reliable domestic supply and support the company’s shift toward higher-performance lithium products.

The factory will meet Department of Defense requirements and is expected to drive long-term growth and financial returns. The company also outlined its sustainability goals, aiming for Scope 1 neutrality by 2040 and Scope 2 neutrality by 2050. EnerSys (NYSE:ENS) is also collaborating with European battery firm Verkor SAS to enhance its manufacturing expertise and strengthen its U.S. supply chain.

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