Invinity Energy Systems (LON:IES) Price Target Raised to GBX 35

Invinity Energy Systems (LON:IES) had its price objective lifted by stock analysts at Canaccord Genuity Group from GBX 33 to GBX 35 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 16.27% from the company’s current price.

Invinity Energy Systems Trading Up 33.8%

Shares of Invinity Energy Systems stock traded up GBX 7.60 during trading hours on Thursday, hitting GBX 30.10. The company’s stock had a trading volume of 21,242,090 shares, compared to its average volume of 1,354,561. The business has a fifty day moving average of GBX 18.09 and a 200 day moving average of GBX 18.87. Invinity Energy Systems has a 1-year low of GBX 13 and a 1-year high of GBX 35. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 4.40. The company has a market capitalization of £171.22 million, a PE ratio of -6.84 and a beta of 0.93.

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.