EnerSys (ENS) Reduces Workforce by 575 Employees; Expects $80 million in Annualized Savings

EnerSys (NYSE:ENS), a cheaply priced stock popular among hedge funds and offering upside potential, is included in our list of the 10 Cheap Lithium Stocks to Buy According to Hedge Funds.

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.

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