Invinity Energy Systems PLC (GB:IES)
LSE:IES
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Invinity Energy Systems
(LSE:IES)
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Rating:45Neutral
Price Target:
19.50 p
▲(15.73% Upside)
Action:UpgradedDate:12/07/25
Invinity Energy Systems' overall stock score is primarily impacted by its poor financial performance, with significant losses and negative cash flow. While technical indicators and valuation metrics are weak, recent strategic initiatives and corporate events provide some positive outlook. The company's ability to execute on its strategic plans and improve financial metrics will be crucial for future performance.
Positive Factors
Debt-free with strong cash runway
A debt-free balance sheet and ~£40m cash provide a multi-year runway to execute cost-reduction and scale initiatives. This reduces near-term refinancing risk, allows investment in production localization, and supports weathering revenue seasonality while pursuing commercialization.
Negative Factors
Declining revenues and negative margins
A sustained revenue decline with negative gross and net margins indicates the core business currently cannot cover product and operating costs. Without consistent volume growth and cost discipline, profitability and return on equity will remain constrained over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free with strong cash runway
A debt-free balance sheet and ~£40m cash provide a multi-year runway to execute cost-reduction and scale initiatives. This reduces near-term refinancing risk, allows investment in production localization, and supports weathering revenue seasonality while pursuing commercialization.
Read all positive factors
Invinity Energy Systems (IES) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£95.84M
Dividend YieldN/A
Average Volume (3M)622.80K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-58.85%
EPS Growth55.03%
CountryUK
Employees140
SectorIndustrials
Sector Strength72
IndustryRenewable Utilities
Share Statistics
EPS (TTM)N/A
Shares Outstanding568,766,850
10 Day Avg. Volume684,278
30 Day Avg. Volume622,798
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.84
Price to Sales (P/S)10.94
P/FCF Ratio-2.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Invinity Energy Systems Business Overview & Revenue Model
Company Description
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. The company also develops electricity grids, as well as offers el...
How the Company Makes Money
Invinity Energy Systems generates revenue through the sale of its vanadium flow battery systems, which are marketed to a diverse range of customers including utility companies, commercial enterprises, and renewable energy developers. The company’s...
Invinity Energy Systems Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.63M | 5.01M | 22.01M | 2.94M | 3.19M | 406.00K |
| Gross Profit | -4.45M | -3.51M | -3.35M | 17.00K | -3.44M | -1.28M |
| EBITDA | -20.14M | -21.31M | -20.97M | -17.12M | -20.60M | -22.56M |
| Net Income | -21.64M | -22.80M | -23.18M | -18.59M | -21.04M | -24.27M |
Balance Sheet | ||||||
| Total Assets | 68.29M | 75.56M | 41.97M | 53.09M | 66.64M | 50.15M |
| Cash, Cash Equivalents and Short-Term Investments | 18.74M | 35.35M | 5.01M | 5.14M | 26.36M | 21.95M |
| Total Debt | 2.45M | 1.70M | 1.56M | 1.71M | 770.00K | 756.00K |
| Total Liabilities | 12.56M | 9.89M | 8.16M | 18.70M | 15.40M | 7.79M |
| Stockholders Equity | 55.73M | 65.67M | 33.81M | 34.39M | 51.24M | 42.35M |
Cash Flow | ||||||
| Free Cash Flow | -25.98M | -26.20M | -20.40M | -22.58M | -23.71M | -11.27M |
| Operating Cash Flow | -24.19M | -24.89M | -19.36M | -21.87M | -22.96M | -10.92M |
| Investing Cash Flow | -2.08M | -1.30M | -984.00K | -708.00K | -751.00K | -358.00K |
| Financing Cash Flow | -918.00K | 53.62M | 20.13M | 1.29M | 28.10M | 32.00M |
Invinity Energy Systems Technical Analysis
Negative
16.85
Price Trends
18.51
Negative
18.80
Negative
20.46
Negative
Market Momentum
-0.64
Positive
41.02
Neutral
49.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IES, the sentiment is Negative. The current price of 16.85 is below the 20-day moving average (MA) of 17.27, below the 50-day MA of 18.51, and below the 200-day MA of 20.46, indicating a bearish trend. The MACD of -0.64 indicates Positive momentum. The RSI at 41.02 is Neutral, neither overbought nor oversold. The STOCH value of 49.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IES.
Invinity Energy Systems Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | £657.28M | -8.68 | -39.26% | ― | 12.58% | 12.39% | |
52 Neutral | £115.24M | -3.53 | -76.88% | ― | 732.03% | 12.60% | |
47 Neutral | £30.12M | -1.47 | -203.60% | ― | ― | ― | |
45 Neutral | £95.84M | -2.63 | -35.65% | ― | -58.85% | 55.03% | |
44 Neutral | £392.03M | -8.61 | -14.17% | ― | 57.73% | -67.12% |
* Industrials Sector Average
GB:IES
Invinity Energy Systems
16.85
8.10
92.57%
GB:AFC
AFC Energy
10.14
4.44
77.89%
GB:CWR
Ceres Power Holdings
337.40
281.60
504.66%
GB:ITM
ITM Power
63.50
37.50
144.23%
GB:GWIN
Gowin New Energy Group Ltd.
0.06
0.03
83.33%
GB:CPH2
Clean Power Hydrogen PLC
6.00
0.45
8.11%
Invinity Energy Systems Corporate Events
Business Operations and Strategy
Scottish Secretary’s Visit Underscores Invinity’s Role in UK Long-Duration Energy Storage
Positive
Jan 9, 2026
Invinity Energy Systems hosted UK Secretary of State for Scotland Douglas Alexander at its Bathgate manufacturing facility, where he toured the plant, operated a vanadium flow battery connected to the Scottish grid and was briefed on the technolog...
Business Operations and StrategyFinancial Disclosures
Invinity Lifts 2025 Revenue to £17m and Secures 20 MWh Follow-On Orders in Hungary
Positive
Jan 2, 2026
Invinity Energy Systems reported that 2025 closed with solid commercial and operational progress, including multiple new sales, successful delivery of major projects and a sharp focus on reducing Endurium product costs to improve margins and compe...
Business Operations and StrategyProduct-Related Announcements
Invinity Wins First Commercial Order for Endurium Enterprise Battery in France
Positive
Dec 29, 2025
Invinity Energy Systems has secured the first commercial order for its recently launched Endurium Enterprise vanadium flow battery product, with a 3.5 MWh system to be installed alongside an existing solar PV array at French aquaculture firm Charl...
Business Operations and Strategy
Invinity Wins 12 MWh US Grid Storage Deal with PNNL
Positive
Dec 22, 2025
Invinity Energy Systems has secured a sale of a 12 MWh Endurium vanadium flow battery system to the US Department of Energy’s Pacific Northwest National Laboratory for installation at PNNL’s Richland, Washington campus. The system will...
Business Operations and StrategyProduct-Related Announcements
Invinity Completes First Phase of Europe’s Largest Vanadium Flow Battery Project
Positive
Dec 16, 2025
Invinity Energy Systems has successfully completed the first phase of its 20.7 MWh Invinity Copwood VFB Energy Hub project in East Sussex, UK, which is set to become the largest vanadium flow battery installation in Europe. The project is on track...
Business Operations and Strategy
Invinity Energy Systems Announces Change of Registered Address
Positive
Dec 12, 2025
Invinity Energy Systems plc has announced a change in its registered address to a new location in London. This move reflects the company’s ongoing efforts to optimize its operations and maintain its position as a leader in the energy storage...
Business Operations and StrategyProduct-Related Announcements
Invinity’s Vanadium Flow Battery Undergoes Testing at U.S. Grid Storage Launchpad
Positive
Dec 11, 2025
Invinity Energy Systems has announced that the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL) has commenced testing of its vanadium flow battery at the new Grid Storage Launchpad in Washington. This testing, initiat...
Business Operations and StrategyProduct-Related Announcements
Invinity Energy Systems Begins Construction on UK’s Largest Vanadium Flow Battery Project
Positive
Nov 19, 2025
Invinity Energy Systems has commenced construction at the LoDES project site in East Sussex, UK, marking a significant step in deploying a 20.7 MWh vanadium flow battery and a 3 MWp solar array. This project, supported by a £10m grant from DE...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.