Invinity Energy Systems (LON:IES) Trading Up 11.4% – Time to Buy?

Invinity Energy Systems plc (LON:IES)’s share price traded up 11.4% on Tuesday . The company traded as high as GBX 19.50 and last traded at GBX 19.50. 19,071,787 shares were traded during trading, an increase of 1,688% from the average session volume of 1,066,641 shares. The stock had previously closed at GBX 17.50.

More Invinity Energy Systems News

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

• Positive Sentiment: The UK delivered Europe’s largest vanadium flow battery system, a development that may support investor confidence in vanadium-based grid storage technology and related companies such as Invinity Energy Systems plc (IES).
• Neutral Sentiment: An insider-sale headline appeared for IES Holdings ($IESC), but that is a different company and should not be confused with Invinity Energy Systems plc (IES).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on Invinity Energy Systems from GBX 40 to GBX 33 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Invinity Energy Systems presently has a consensus rating of “Buy” and a consensus price target of GBX 33.

Invinity Energy Systems Trading Down 4.3%

The company has a market cap of £130.70 million, a price-to-earnings ratio of -5.22 and a beta of 0.93. The company has a current ratio of 4.23, a quick ratio of 2.00 and a debt-to-equity ratio of 4.40. The firm’s 50-day moving average price is GBX 17.68 and its 200 day moving average price is GBX 18.81.

About Invinity Energy Systems

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.