Invinity Energy Systems’ (IES) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Invinity Energy Systems (LON:IES) in a research report sent to investors on Monday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 40 ($0.52) price target on the stock.

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

Invinity Energy Systems Price Performance

Shares of LON:IES opened at GBX 9.20 ($0.12) on Monday. The firm has a market capitalization of £40.24 million, a price-to-earnings ratio of -1.06 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00. The business’s 50 day simple moving average is GBX 11.31 and its 200-day simple moving average is GBX 12.68. Invinity Energy Systems has a 12 month low of GBX 7.76 ($0.10) and a 12 month high of GBX 29 ($0.38).

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.