Invinity Energy Systems (LON:IES) Trading 10.3% Higher - Should You Buy?

Key Points

• Invinity Energy Systems' stock surged 10.3% during mid-day trading on Tuesday, reaching a high of GBX 22.20 before closing at GBX 21.50, significantly up from its previous close of GBX 19.50.
• Canaccord Genuity Group has a "buy" rating on the stock with a target price of GBX 40, reflecting strong analyst confidence in its future performance.
• Invinity Energy Systems is recognized as a leading manufacturer of vanadium flow batteries, having installed systems at 82 sites across 15 countries, thus positioning itself in the growing market for long-duration energy storage solutions.

Invinity Energy Systems plc (LON:IES - Get Free Report)'s stock price traded up 10.3% during mid-day trading on Tuesday . The stock traded as high as GBX 22.20 ($0.30) and last traded at GBX 21.50 ($0.29). 2,081,714 shares traded hands during trading, an increase of 144% from the average session volume of 851,597 shares. The stock had previously closed at GBX 19.50 ($0.26).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 target price on shares of Invinity Energy Systems in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 40.

Invinity Energy Systems Trading Up 3.2%

The stock has a market capitalization of £100.89 million, a price-to-earnings ratio of -341.79 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The business has a 50-day moving average of GBX 22.64 and a 200-day moving average of GBX 16.55.

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.

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