Invinity Energy Systems (LON:IES) Given Buy Rating at Canaccord Genuity Group

Posted by Linda Flegge on Feb 7th, 2025

Invinity Energy Systems (LON:IES – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 40 ($0.50) price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 208.88% from the stock’s previous close.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.

Read Our Latest Report on IES

Invinity Energy Systems Stock Up 0.4 %

Shares of LON IES traded up GBX 0.05 ($0.00) during mid-day trading on Friday, reaching GBX 12.95 ($0.16). The company had a trading volume of 204,623 shares, compared to its average volume of 374,464. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.00 and a current ratio of 6.96. The stock has a market capitalization of £57.05 million, a PE ratio of -143.89 and a beta of 2.24. Invinity Energy Systems has a twelve month low of GBX 8.50 ($0.11) and a twelve month high of GBX 29 ($0.36). The stock’s 50 day moving average is GBX 15.11 and its 200-day moving average is GBX 15.39.

Insider Buying and Selling

In related news, insider Adam Howard purchased 134,333 shares of Invinity Energy Systems stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,059.01). 34.42% of the stock is currently owned by insiders.

About Invinity Energy Systems

(Get Free Report)

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 at over 79 sites across 15 countries, more than any other company in the space.