Invinity Energy Systems (LON:IES) Releases Quarterly Earnings Results

Invinity Energy Systems (LON:IES) announced its earnings results on Monday. The company reported GBX (5.10) EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 818 million during the quarter. Invinity Energy Systems had a negative return on equity of 35.65% and a negative net margin of 595.51%.

Invinity Energy Systems Stock Up 7.1%

LON:IES opened at GBX 37.50 on Tuesday. The stock’s fifty day moving average price is GBX 20.53 and its two-hundred day moving average price is GBX 19.57. Invinity Energy Systems has a 52-week low of GBX 15.50 and a 52-week high of GBX 38.50. The company has a debt-to-equity ratio of 4.40, a quick ratio of 2.00 and a current ratio of 4.23. The company has a market cap of £213.29 million, a price-to-earnings ratio of -8.52 and a beta of 0.93.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on Invinity Energy Systems from GBX 33 to GBX 35 and gave the stock a “buy” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Invinity Energy Systems currently has an average rating of “Buy” and a consensus target price of GBX 35.

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 more than 90 sites in 17 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.