EnerSys Stock Charged Up; Prepping For Run At All-Time High?

Battery maker EnerSys continues to experience strong earnings growth, with five consecutive quarters of rising earnings. The company’s earnings growth rate has been consistently increasing, reaching 66% in the last quarter. However, its revenue growth has cooled down and remained flat over the past year. Nonetheless, EnerSys’ stock price has risen by nearly 80% in the last 14 months, reaching an all-time high. The company received an upgrade for its Relative Strength Rating, bringing it closer to a key benchmark. EnerSys is currently trying to break out with a consolidation and achieve further price strength.