Invinity Energy Systems (LON:IES) Posts Earnings Results

Invinity Energy Systems (LON:IESGet Free Report) issued its quarterly earnings data on Monday. The company reported GBX (5.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company 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 35.43%.

Invinity Energy Systems Stock Performance

Invinity Energy Systems stock opened at GBX 38.20 on Wednesday. The stock has a 50-day simple moving average of GBX 20.53 and a 200 day simple moving average of GBX 19.57. The company has a quick ratio of 2.00, a current ratio of 3.81 and a debt-to-equity ratio of 3.00. Invinity Energy Systems has a 12-month low of GBX 15.50 and a 12-month high of GBX 38.50. The stock has a market capitalization of £217.24 million, a price-to-earnings ratio of -8.68 and a beta of 0.93.

Key Invinity Energy Systems News

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

Wall Street Analysts Forecast Growth

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

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About Invinity Energy Systems

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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.

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