Batteries: Goldman Sets Buy On Enersys; Neutral On Ener1, A123 (ENS; HEV; AONE)

From Tech Trader Daily:

Goldman Sachs, which this morning stated coverage of the solar sector, also launched coverage on a trio of electric vehicle battery plays.
Analyst Mark Wienkes has a Neutral view on the group as a whole. “We find more realistic growth expectations have reconciled with valuation multiples to reflect what we expect will be a multi-year waiting period prior to clarity on plug-in hybrid and elecric vehicle mainstream market adoption,” he writes.
Here’s a look at his stock calls on the group:

• Enersys (ENS): He contends the company, which makes lead-acid batteries, is a “solid but under-followed and under-appreciated performer,” and starts the stock with a Buy rating and $29 target price....MORE