Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Invinity Energy Systems ( (GB:IES) ).
Invinity Energy Systems has received planning approval for its LoDES project in the South East of England, which will involve the construction of a 20.7 MWh Vanadium Flow Battery (VFB) system, with a £10 million grant confirmed from DESNZ. This project, expected to be Europe’s largest commercially operating VFB, will serve as a significant reference site for Invinity, enhancing its market positioning and showcasing its technology’s benefits over lithium-ion alternatives, particularly in terms of safety and community acceptance.
The most recent analyst rating on (GB:IES) stock is a Buy with a £40.00 price target. To see the full list of analyst forecasts on Invinity Energy Systems stock, see the GB:IES Stock Forecast page.
Spark’s Take on GB:IES Stock
According to Spark, TipRanks’ AI Analyst, GB:IES is a Neutral.
The overall stock score is influenced heavily by the company’s financial struggles, including persistent losses and negative cash flow. While recent corporate events and strategic partnerships show promise, the financial performance remains a significant concern. Technical analysis suggests some potential for recovery, but valuation metrics highlight ongoing challenges.
To see Spark’s full report on GB:IES stock, click here.
More about Invinity Energy Systems
Invinity Energy Systems plc is a global manufacturer specializing in vanadium flow batteries designed for large-scale, high-throughput energy storage needs of businesses, industries, and electrical networks. The company was formed in April 2020 through the merger of redT energy plc and Avalon Battery Corporation. Invinity’s batteries are known for their durability, running continuously without degradation for up to 30 years, and are suitable for renewable energy applications. The company operates in major global energy storage markets, including the UK, Canada, USA, and China, and is listed on AIM in the UK and OTCQX in the USA.
Average Trading Volume: 689,728
Technical Sentiment Signal: Hold
Current Market Cap: £100.2M
For a thorough assessment of IES stock, go to TipRanks’ Stock Analysis page.