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.
Invinity Energy Systems ( (GB:IES) ) just unveiled an update.
Invinity Energy Systems has entered into a strategic partnership with Guangxi United Energy Storage New Materials Technology Limited (UESNT) to expand into the Chinese market. This agreement allows UESNT to manufacture and sell Invinity’s ENDURIUM vanadium flow batteries in China, aiming to produce at least 1.9 GWh by 2030. The partnership is expected to enhance Invinity’s global competitive position by reducing production costs and securing a stable supply of vanadium electrolyte. This move aligns with Invinity’s strategy to reduce costs and expand its market presence through strategic partnerships, potentially benefiting stakeholders by improving supply chain efficiencies and increasing production volumes.
The most recent analyst rating on (GB:IES) stock is a Buy with a £65.00 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 score of 47 reflects significant financial challenges faced by Invinity Energy Systems, including declining revenues and persistent losses, which are the most impactful factors. Positive technical indicators and corporate events contribute to a moderately favorable outlook, but valuation remains a critical concern due to negative earnings and the absence of dividends.
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 of vanadium flow batteries designed for large-scale, high-throughput energy storage applications in business, industry, and electrical networks. Known for their durability and efficiency, these batteries can operate continuously without degradation for up to 30 years, making them ideal for renewable energy production. Invinity was formed in 2020 through the merger of redT energy plc and Avalon Battery Corporation and has a significant presence in key energy storage markets worldwide, including the UK, Canada, USA, and China.
Average Trading Volume: 707,026
Technical Sentiment Signal: Buy
Current Market Cap: £103.5M
See more insights into IES stock on TipRanks’ Stock Analysis page.