Invinity Energy Systems plc (LON:IES – Get Free Report)’s share price hit a new 52-week low on Thursday. The stock traded as low as GBX 9.55 and last traded at GBX 11.10, with a volume of 13,291,956 shares. The stock had previously closed at GBX 17.70.
Key Headlines Impacting Invinity Energy Systems
Here are the key news stories impacting Invinity Energy Systems this week:
- Positive Sentiment: The £25 million raise provides important funding for growth and reduces near-term financing pressure. Invinity raises GBP 25m, led by UK’s National Wealth Fund
- Positive Sentiment: Backing from the UK’s National Wealth Fund could enhance Invinity’s credibility as governments and utilities invest in grid-scale energy storage.
- Neutral Sentiment: The financing is strategically significant, but the available report does not provide details on the company’s updated cash runway, project pipeline or terms of the fundraising.
- Negative Sentiment: Because the transaction appears to involve the issuance of new shares, existing shareholders may face dilution. Invinity remains loss-making, with a negative margin and return on equity, so investors will likely focus on how quickly the new capital converts into revenue and contracted projects.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 price target on shares of Invinity Energy Systems in a research note on Monday, September 21st. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 60.
Get Our Latest Analysis on Invinity Energy Systems
Invinity Energy Systems Trading Up 1.4%
The stock has a fifty day moving average of GBX 20.13 and a 200 day moving average of GBX 23.74. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.00 and a current ratio of 2.81. The company has a market capitalization of £64.07 million, a PE ratio of -2.34 and a beta of 0.95.
Invinity Energy Systems (LON:IES – Get Free Report) last posted its quarterly earnings results on Monday, September 21st. The company reported GBX (2.10) earnings per share for the quarter. Invinity Energy Systems had a negative return on equity of 43.20% and a negative net margin of 290.32%. As a group, sell-side analysts predict that Invinity Energy Systems plc will post -9.40 earnings per share for the current fiscal year.
Invinity Energy Systems Company Profile
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.
See Also
- Five stocks we like better than Invinity Energy Systems
- Bloom Energy Just Reported—Its Biggest Order Is Still Waiting on a Pipeline
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
Receive News & Ratings for Invinity Energy Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invinity Energy Systems and related companies with MarketBeat.com's FREE daily email newsletter.
