Canaccord Genuity Group Reaffirms “Buy” Rating for Invinity Energy Systems (LON:IES)

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 50 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 68.35% from the stock’s previous close.

Invinity Energy Systems Stock Up 0.7%

Shares of LON IES opened at GBX 29.70 on Monday. The stock has a market cap of £168.92 million, a PE ratio of -5.82 and a beta of 1.06. The company has a quick ratio of 2.00, a current ratio of 3.81 and a debt-to-equity ratio of 3.00. Invinity Energy Systems has a 52-week low of GBX 15.50 and a 52-week high of GBX 40.50. The business has a 50-day moving average price of GBX 27.65 and a 200 day moving average price of GBX 21.84.

Invinity Energy Systems (LON:IES) last released its quarterly earnings results on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. The firm had revenue of GBX 818 million for the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%. Equities research analysts forecast that Invinity Energy Systems will post -9.3999995 earnings per share for the current year.

Invinity Energy Systems News Roundup

Here are the key news stories impacting Invinity Energy Systems this week:

• Positive Sentiment: Invinity said shareholders gave strong backing at its AGM, reinforcing confidence in its vanadium flow battery strategy and long-term growth plans. Article Title
• Neutral Sentiment: The AGM update highlighted ongoing progress in vanadium battery development, but did not provide a major new revenue or earnings catalyst for investors. Article Title

Invinity Energy Systems Company Profile

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across more than 90 sites in 17 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.