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

Key Points

• Canaccord Genuity Group reaffirmed its “buy” rating on Invinity Energy Systems and set a GBX 60 price target, implying potential upside of approximately 202% from the current price.
• Shares opened at GBX 19.85 and were up 0.3%, but remained below their 50-day and 200-day moving averages, signaling continued technical weakness.
• Invinity reported a quarterly loss of GBX 2.10 per share, alongside a negative net margin of 294.48% and negative return on equity of 39.44%; analysts forecast a full-year loss of about GBX 9.40 per share.

Invinity Energy Systems (LON:IES - Get Free Report)'s stock had its "buy" rating reissued by analysts at Canaccord Genuity Group in a research report issued on Monday, London Stock Exchange reports. They presently have a GBX 60 price objective on the stock. Canaccord Genuity Group's target price suggests a potential upside of 202.27% from the company's current price.

Invinity Energy Systems Stock Up 0.3%

LON IES opened at GBX 19.85 on Monday. 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 fifty-two week low of GBX 15.50 and a fifty-two week high of GBX 40.50. The business has a 50 day moving average price of GBX 22.96 and a two-hundred day moving average price of GBX 23.66. The stock has a market cap of £113.05 million, a PE ratio of -3.89 and a beta of 1.00.

Invinity Energy Systems (LON:IES - Get Free Report) last posted its quarterly earnings data on Monday, September 21st. The company reported GBX (2.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. As a group, sell-side analysts predict that Invinity Energy Systems will post -9.3999995 EPS for the current fiscal year.

Trending Headlines about Invinity Energy Systems

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

• Neutral Sentiment: Invinity Energy Systems shares have increased modestly, but the move appears unsupported by any major announcement in the supplied news. The stock remains below its 50-day and 200-day moving averages, indicating continued technical weakness despite trading above its 52-week low.
• Neutral Sentiment: Investor focus is likely to remain on Invinity’s project wins, order intake, funding position and progress in commercializing vanadium flow batteries, none of which were addressed in the provided articles.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc AIM: IES is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company's proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world. Invinity's safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don't wear out, cannot catch fire and are designed to be operated for 30 years or more.

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