Invinity Energy Systems’ (IES) Buy Rating Reaffirmed at Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 40 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 71.84% from the company’s current price.

Invinity Energy Systems Price Performance

IES stock opened at GBX 23.28 on Tuesday. Invinity Energy Systems has a 52-week low of GBX 7.76 and a 52-week high of GBX 29. The stock’s fifty day simple moving average is GBX 21.68 and its 200-day simple moving average is GBX 17.74. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of £102.55 million, a price-to-earnings ratio of -347.43 and a beta of 2.24.

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 82 sites in 15 countries, more than any other company in the space.