Invinity Energy Systems (LON:IES) Stock Price Up 10.3% - Here's What Happened

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 share price shot up 10.3% 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 were traded 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).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 40 price target on shares of Invinity Energy Systems in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Invinity Energy Systems presently has a consensus rating of "Buy" and an average price target of GBX 40.

Invinity Energy Systems Stock Down 1.1%

The company has a market cap of £95.84 million, a P/E ratio of -324.70 and a beta of 2.24. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is GBX 22.47 and its 200 day moving average is GBX 16.84.

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.