Invinity Energy Systems (LON:IES) Receives Buy Rating from Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a report released on Monday,Digital Look reports. They currently have a GBX 50 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 68.35% from the company’s previous close.

Invinity Energy Systems Price Performance

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

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

Invinity Energy Systems News Summary

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.