In an intriguing turn of events, a cryptocurrency with Ethereum (CRYPTO: ETH) in its name has outperformed the original blue-chip currency in weekly gains.
EnerSys (NYSE:ENS), the global leader in stored energy solutions for industrial applications, has announced that it has selected Greenville, South Carolina to develop a lithium-ion cell gigafactory to advance battery
Oppenheimer analyst Noah Kaye downgrades EnerSys to Perform, citing concerns over revenue miss and weak Q4 guidance. Analyst Noah Kaye lowered revenue and EPS estimates.
Bitcoin (CRYPTO: BTC) edged higher, but the cryptocurrency prices traded below the key $43,000 level on Wednesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Companies Reporting Before The Bell
• Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
Major cryptocurrencies surged on Tuesday evening following an announcement from MicroStrategy Inc (NASDAQ:MSTR), the largest publicly traded holder of Bitcoin.