Despite the supply-chain snarls, production halts, and high inflation, the industrial sector has remained resilient thanks to the extensive use of technology in manufacturing and a strong demand for essential equipment, machinery, and services across various industries. The sector’s steadiness is evident from the Industrial Select Sector SPDR® Fund ETF (XLI) 22.2% returns over the past nine months and 11.8% year-to-date.
Given the industrial sector’s resilience, I evaluated two industrial stocks, ChargePoint Holdings, Inc. (CHPT) and EnerSys (ENS), to determine which has better upside potential. Before analyzing these stocks, let’s discuss what’s happening in the industrial sector.
