Invinity Energy Systems (LON:IES) Issues Earnings Results

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

Invinity Energy Systems Stock Up 6.6%

Shares of IES opened at GBX 37.30 on Monday. The business’s 50 day moving average is GBX 20.12 and its 200 day moving average is GBX 19.45. The company has a current ratio of 4.23, a quick ratio of 2.00 and a debt-to-equity ratio of 4.40. Invinity Energy Systems has a 12-month low of GBX 15.50 and a 12-month high of GBX 38. 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 lifted 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 note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Invinity Energy Systems presently has an average rating of “Buy” and a consensus target price of GBX 35.

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.