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The latest update is out from Invinity Energy Systems ( (GB:IES) ).
Invinity Energy Systems has received a Notice to Proceed for a 10.8 MWh ENDURIUM battery system order from its Hungarian partner, STS Group. This project, part of a solar plus storage initiative in Hungary, marks the first commercial deployment of ENDURIUM in Europe and is expected to contribute significantly to Invinity’s 2025 revenues.
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 leader in manufacturing vanadium flow batteries for large-scale, high-throughput energy storage needs. These batteries are designed for continuous operation without degradation for up to 30 years, making them ideal for demanding renewable energy applications. The company was formed in April 2020 from 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: 689,728
Technical Sentiment Signal: Hold
Current Market Cap: £100.2M
Learn more about IES stock on TipRanks’ Stock Analysis page.