Invinity Energy Systems (LON:IES) Earns Buy Rating from Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research report issued on Monday,Digital Look reports. They currently have a GBX 40 ($0.52) price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 400.00% from the stock’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Stock Down 3.0 %

Shares of LON IES traded down GBX 0.25 ($0.00) during trading hours on Monday, hitting GBX 8 ($0.10). The company had a trading volume of 4,210,708 shares, compared to its average volume of 825,589. The firm’s 50 day moving average is GBX 11.69 and its 200-day moving average is GBX 12.72. Invinity Energy Systems has a 1-year low of GBX 7.76 ($0.10) and a 1-year high of GBX 29 ($0.37). The stock has a market capitalization of £34.99 million, a P/E ratio of -0.92 and a beta of 2.24. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.

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 82 sites in 15 countries, more than any other company in the space.