Invinity Energy Systems (LON:IES) Stock Price Up 12.8% - Here's Why

Key Points

• Invinity Energy Systems stock price surged 12.8%, reaching GBX 23.40 ($0.31), amidst trading volume of approximately 676,940 shares, which is a 27% decrease from its average daily volume.
• Canaccord Genuity Group has maintained a "buy" rating on the stock with a target price of GBX 40 ($0.53), highlighting continued investor interest.
• The company, known for its vanadium flow batteries, is well-positioned to meet rising demand in the energy storage market, operating across 82 sites in 15 countries.

Invinity Energy Systems plc (LON:IES - Get Free Report) rose 12.8% on Friday . The stock traded as high as GBX 23.50 ($0.31) and last traded at GBX 23.40 ($0.31). Approximately 676,940 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 931,171 shares. The stock had previously closed at GBX 20.75 ($0.27).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 40 ($0.53) target price on shares of Invinity Energy Systems in a research report on Friday, May 30th.

Invinity Energy Systems Price Performance

The firm has a market cap of £96.00 million, a P/E ratio of -2.53 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00. The company's 50-day moving average is GBX 21.36 and its two-hundred day moving average is GBX 15.16.

Invinity Energy Systems (LON:IES - Get Free Report) last issued its earnings results on Friday, May 30th. The company reported GBX (6.70) (($0.09)) EPS for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. Sell-side analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal year.

About Invinity Energy Systems

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.

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