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 research analysts at Canaccord Genuity Group in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 40 ($0.50) price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 206.75% from the stock’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.

Invinity Energy Systems Stock Up 8.7 %

LON IES traded up GBX 1.04 ($0.01) during trading hours on Tuesday, hitting GBX 13.04 ($0.16). 3,955,139 shares of the company traded hands, compared to its average volume of 499,269. The business’s 50-day moving average is GBX 14.80 and its 200-day moving average is GBX 14.78. Invinity Energy Systems has a twelve month low of GBX 8.50 ($0.11) and a twelve month high of GBX 29 ($0.37). The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The stock has a market capitalization of £57.03 million, a price-to-earnings ratio of -1.50 and a beta of 2.24.

Insider Buying and Selling at Invinity Energy Systems

In other Invinity Energy Systems news, insider Adam Howard acquired 134,333 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,422.60). Corporate insiders own 34.42% of the company’s stock.

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