Canaccord Genuity Group Forecasts Strong Price Appreciation for Invinity Energy Systems (LON:IES) Stock

Invinity Energy Systems (LON:IES) had its target price increased by research analysts at Canaccord Genuity Group from GBX 33 to GBX 35 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 16.27% from the company’s previous close.

Invinity Energy Systems Stock Up 33.8%

Shares of IES traded up GBX 7.60 during mid-day trading on Thursday, reaching GBX 30.10. 21,242,090 shares of the stock traded hands, compared to its average volume of 1,354,561. The firm has a market cap of £171.22 million, a price-to-earnings ratio of -6.84 and a beta of 0.93. The stock has a fifty day simple moving average of GBX 18.09 and a 200 day simple moving average of GBX 18.87. Invinity Energy Systems has a 12-month low of GBX 13 and a 12-month high of GBX 35. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 4.40.

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.