Canaccord Genuity Group Reiterates “Buy” Rating for Invinity Energy Systems (LON:IES)

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a report issued on Monday, Marketbeat Ratings reports. They currently have a GBX 60 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 220.00% from the company’s current price.

Invinity Energy Systems Price Performance

Shares of Invinity Energy Systems stock opened at GBX 18.75 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.00 and a debt-to-equity ratio of 3.86. The firm has a fifty day simple moving average of GBX 22.60 and a 200-day simple moving average of GBX 23.66. The stock has a market capitalization of £106.79 million, a price-to-earnings ratio of -3.68 and a beta of 1.00. Invinity Energy Systems has a 1-year low of GBX 15.50 and a 1-year high of GBX 40.50.

Invinity Energy Systems (LON:IES) last posted its earnings results on Monday, September 21st. The company reported GBX (2.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%. On average, sell-side analysts expect that Invinity Energy Systems will post -9.3999995 earnings per share for the current year.

Key Stories Impacting Invinity Energy Systems

Here are the key news stories impacting Invinity Energy Systems this week:

• Positive Sentiment: Revenue growth and analyst support: Invinity reported a significant year-over-year increase in revenue, helped by investment in its long-duration energy-storage business. Canaccord Genuity reaffirmed its Buy rating and set a 60p price target, substantially above the recent trading range. Invinity Energy revenue jumps but interim loss widens on investment
• Positive Sentiment: Commercial momentum: The revenue improvement suggests growing demand for Invinity’s vanadium-flow battery systems, potentially strengthening the company’s long-term position in the grid-scale energy-storage market.
• Neutral Sentiment: Quarterly results released: Invinity reported quarterly earnings of approximately 2.10p per share below zero. The company remains loss-making, but the results provide investors with an update on progress as it scales operations. Invinity Energy Systems Posts Quarterly Earnings Results
• Negative Sentiment: Losses widened: The interim loss increased as Invinity invested in expansion and development. Its reported negative net margin and negative return on equity highlight continuing profitability and execution risks. Invinity Energy Systems’ Buy Rating Reaffirmed

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.