Invinity Energy Systems’ (IES) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research note published on Monday morning, MarketBeat.com reports. The firm currently has a GBX 60 price objective on the stock.

Invinity Energy Systems Price Performance

IES opened at GBX 18.50 on Monday. Invinity Energy Systems has a 1 year low of GBX 15.50 and a 1 year high of GBX 40.50. The company’s 50 day simple moving average is GBX 22.43 and its 200 day simple moving average is GBX 23.66. The stock has a market capitalization of £105.36 million, a PE ratio of -3.63 and a beta of 1.00. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.00 and a current ratio of 2.81.

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

Key Stories Impacting Invinity Energy Systems

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

• Neutral Sentiment: No new contract, funding announcement, earnings update, or operational development for Invinity Energy Systems was reported in the supplied news, leaving the recent trading move without a clear headline-driven explanation.
• Negative Sentiment: Recent company fundamentals remain a potential overhang: Invinity reported quarterly EPS of negative GBX 2.10, a negative net margin of 290.32%, and negative return on equity of 43.20%. Analysts expect a full-year loss, with projected EPS of approximately negative 9.4 pence.
• Negative Sentiment: IES shares remain below both their 50-day and 200-day moving averages, which may indicate continuing technical weakness. The company also carries a debt-to-equity ratio of 3.86, adding financial risk for investors focused on liquidity and future funding needs.

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.