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.

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ENS and that has 100x upside potential, check out our report about this cheapest AI stock.

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