Invinity Energy Systems (LON:IES) Posts Earnings Results

Invinity Energy Systems (LON:IES) released its quarterly earnings results on Monday. The company reported GBX (5.10) EPS for the quarter, Digital Look Earnings reports. Invinity Energy Systems had a negative net margin of 595.51% and a negative return on equity of 35.65%. The business had revenue of GBX 818 million for the quarter.

Invinity Energy Systems Price Performance

LON IES opened at GBX 37.30 on Monday. The business’s fifty day moving average is GBX 20.12 and its 200 day moving average is GBX 19.45. Invinity Energy Systems has a fifty-two week low of GBX 15.50 and a fifty-two week high of GBX 38. The company has a debt-to-equity ratio of 4.40, a quick ratio of 2.00 and a current ratio of 4.23. The company has a market capitalization of £212.15 million, a PE ratio of -8.48 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of Invinity Energy Systems from GBX 33 to GBX 35 and gave the company a “buy” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 35.

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.