Invinity Energy Systems (LON:IES) Trading Down 15.2% – What’s Next?

Invinity Energy Systems plc (LON:IES) shares were down 15.2% on Friday . The stock traded as low as GBX 26.25 and last traded at GBX 29.50. 22,528,344 shares changed hands during trading, an increase of 962% from the average daily volume of 2,120,993 shares. The stock had previously closed at GBX 34.80.

Invinity Energy Systems News Summary

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

• Positive Sentiment: Invinity said shareholders gave strong backing at its AGM, reinforcing confidence in its vanadium flow battery strategy and long-term growth plans. Article Title
• Neutral Sentiment: The AGM update highlighted ongoing progress in vanadium battery development, but did not provide a major new revenue or earnings catalyst for investors. Article Title

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 35.

Invinity Energy Systems Price Performance

The company has a quick ratio of 2.00, a current ratio of 3.81 and a debt-to-equity ratio of 3.00. The firm’s fifty day moving average price is GBX 27.65 and its two-hundred day moving average price is GBX 21.81. The stock has a market capitalization of £167.79 million, a PE ratio of -5.78 and a beta of 1.06.

Invinity Energy Systems (LON:IES) last issued its earnings results on Monday, June 1st. The company reported GBX (5.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%.The company had revenue of GBX 818 million during the quarter. On average, equities analysts predict that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current year.

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.