ENS - Why Are Battery Manufacturing Company EnerSys Shares Shooting Higher Today? | Benzinga
Energy solutions provider EnerSys (NYSE: ENS) shares are trading higher after it updated its third quarter fiscal 2024 adjusted EPS guidance from $1.80 - $1.90 to $2.50 - $2.60.
The update follows the December 14, 2023, issuance of proposed regulations by the U.S. Department of the Treasury regarding the Advanced Manufacturing Production Credit - Section 45X of the Internal Revenue Code.
The regulations provide additional clarification on the methodology for calculating capacities of batteries that qualify for tax credits.
The regulations, EnerSys said, will result in more of ...