Invinity Energy Systems (LON:IES) Releases Quarterly Earnings Results

Invinity Energy Systems (LON:IES) issued its earnings results on Monday. The company reported GBX (2.10) earnings per share for the quarter, Digital Look Earnings reports. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%.

Invinity Energy Systems Stock Performance

Shares of IES opened at GBX 19.85 on Monday. The stock has a 50 day moving average of GBX 22.96 and a 200 day moving average of GBX 23.66. The company has a market capitalization of £113.05 million, a price-to-earnings ratio of -3.89 and a beta of 1.00. Invinity Energy Systems has a 12 month low of GBX 15.50 and a 12 month high of GBX 40.50. The company has a current ratio of 3.81, a quick ratio of 2.00 and a debt-to-equity ratio of 3.00.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 60 price objective on shares of Invinity Energy Systems in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 60.

Key Stories Impacting Invinity Energy Systems

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

• Positive Sentiment: Canaccord’s reiterated buy rating and GBX 60 target may support investor sentiment, particularly because the target implies substantial potential upside from current trading levels.
• Neutral Sentiment: The stock remains well below its 50-day and 200-day moving averages of GBX 22.96 and GBX 23.66, respectively, indicating that market momentum has not yet confirmed the analyst’s bullish view.
• Negative Sentiment: Invinity reported a quarterly loss of GBX 2.10 per share. Its negative net margin of 294.48% and negative return on equity of 39.44% highlight continuing profitability and execution risks.

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.