Invinity Energy Systems (LON:IES – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Monday,London Stock Exchange reports. They presently have a GBX 60 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 166.79% from the company’s current price.
Invinity Energy Systems Trading Up 3.6%
LON:IES opened at GBX 22.49 on Monday. Invinity Energy Systems has a 12 month low of GBX 15.50 and a 12 month high of GBX 40.50. The company has a current ratio of 3.81, a quick ratio of 2.00 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of £127.92 million, a price-to-earnings ratio of -4.41 and a beta of 1.03. The firm has a fifty day simple moving average of GBX 30.29 and a two-hundred day simple moving average of GBX 22.94.
Invinity Energy Systems (LON:IES – Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The company reported GBX (5.10) earnings per share for the quarter. The company had revenue of GBX 818 million for the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. Analysts expect that Invinity Energy Systems will post -9.3999995 EPS for the current fiscal year.
About Invinity Energy Systems
Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.
Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more.
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