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Invinity Energy Systems ( (GB:IES) ) has provided an update.
Invinity Energy Systems has launched the Endurium Enterprise, a new product aimed at commercial and industrial customers, during North America’s largest clean energy event, RE+. This product is designed to provide safe, cost-effective on-site energy storage, leveraging the company’s vanadium flow battery technology. The Endurium Enterprise is expected to enhance Invinity’s market position by meeting the growing demand for flexible and durable energy storage solutions, while offering benefits such as lower insurance premiums due to its inherent safety features.
The most recent analyst rating on (GB:IES) stock is a Hold with a £21.00 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.
Invinity Energy Systems’ overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. While technical indicators suggest a bearish trend, recent corporate events and strategic partnerships provide some positive outlook. However, the negative valuation metrics and mixed earnings call sentiment highlight ongoing challenges and market skepticism.
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 needs of businesses, industries, and electrical networks. The company’s batteries are known for their durability, running continuously without degradation for over 30 years, and are used in renewable energy production. Invinity was formed in April 2020 through the merger of redT energy plc and Avalon Battery Corporation, and operates in major global energy storage markets with a presence in the UK, Canada, USA, and China.
Average Trading Volume: 499,795
Technical Sentiment Signal: Hold
Current Market Cap: £85.91M
See more insights into IES stock on TipRanks’ Stock Analysis page.