Invinity Energy Systems (LON:IES) Trading Up 40% After Analyst Upgrade

Invinity Energy Systems plc (LON:IES) rose 40% during mid-day trading on Thursday after Canaccord Genuity Group raised their price target on the stock from GBX 33 to GBX 35. Canaccord Genuity Group currently has a buy rating on the stock. Invinity Energy Systems traded as high as GBX 31.50 and last traded at GBX 31.50. Approximately 6,798,600 shares changed hands during trading, an increase of 465% from the average daily volume of 1,204,108 shares. The stock had previously closed at GBX 22.50.

Invinity Energy Systems News Roundup

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

• Positive Sentiment: Canaccord Genuity raised its price target on Invinity Energy Systems plc (IES) to GBX 35 from GBX 33 and kept a buy rating, signaling improved analyst confidence in the stock. Digital Look
• Neutral Sentiment: Another article noted Invinity Energy Systems (IES) trading sharply higher, reflecting strong recent momentum, but did not add a new company-specific catalyst. Invinity Energy Systems (LON:IES) Trading Up 40% – Should You Buy?

Invinity Energy Systems Trading Up 2.6%

The firm has a market cap of £182.01 million, a P/E ratio of -7.27 and a beta of 0.93. The company has a 50 day moving average of GBX 18.62 and a 200 day moving average of GBX 19.03. The company has a debt-to-equity ratio of 4.40, a quick ratio of 2.00 and a current ratio of 4.23.

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.