Goldman Sachs Starts Advanced Batteries Sector At Neutral; Rates ENS a Buy

June 28, 2010 8:13 AM EDT
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Price: $62.25 +0.11%

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    10 Buy, 3 Hold, 0 Sell

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Goldman Sachs initiates coverage on the advanced battery industry with a Neutral view.

The firm EnerSys (NYSE: ENS) Buy, Ener1 (NYSE: HEV) Neutral, and assume coverage of A123 Systems (Nasdaq: AONE) at Neutral.

Commenting on EnerSys the firm said, "like its lead-acid batteries, EnerSys is a solid but underfollowed and underappreciated performer showing 30% upside to our $29 6-month price target."

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