Invinity Energy Systems (LON:IES) Earns “Buy” Rating from Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 40 ($0.51) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 142.42% from the company’s previous close.

Invinity Energy Systems Trading Up 13.0 %

Shares of Invinity Energy Systems stock opened at GBX 16.50 ($0.21) on Wednesday. Invinity Energy Systems has a 12-month low of GBX 8.50 ($0.11) and a 12-month high of GBX 37 ($0.47). The company has a 50-day simple moving average of GBX 12.31 and a 200 day simple moving average of GBX 17.44. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of £72.69 million, a P/E ratio of -183.33 and a beta of 2.24.

About Invinity Energy Systems

Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. It also offers electric related services. The company provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.