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

Invinity Energy Systems (LON:IES) posted its quarterly earnings results on Monday. The company reported GBX (5.10) 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 35.65%.

Invinity Energy Systems Trading Up 6.6%

Shares of LON IES opened at GBX 37.30 on Monday. The stock has a market cap of £212.15 million, a price-to-earnings ratio of -8.48 and a beta of 0.93. The company’s fifty day moving average is GBX 20.12 and its 200-day moving average is GBX 19.45. Invinity Energy Systems has a twelve month low of GBX 15.50 and a twelve month high of GBX 38. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 4.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Invinity Energy Systems from GBX 33 to GBX 35 and gave the stock 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 company has an average rating of “Buy” and a consensus price target of GBX 35.

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 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.