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Invinity Energy Systems ( (GB:IES) ) has provided an update.
Invinity Energy Systems announced the successful passing of all resolutions at its General Meeting, paving the way for the admission of 128,205,128 Subscription Shares to trading on AIM. This move, which will increase the company’s share capital to 568,766,867 Ordinary Shares, is expected to generate gross proceeds of £25 million. The significant shareholders post-admission include Atri Energy Transition Private Limited and Next Gen Mobility Limited, each holding 11.3% of the issued share capital. The capital raised is anticipated to bolster Invinity’s operations and strengthen its position in the energy storage industry.
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. Technical analysis provides a mixed outlook, with some short-term bullish signals. Valuation remains challenging due to negative earnings and lack of dividends. Despite strategic advancements, significant financial and operational challenges remain.
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 designed for large-scale, high-throughput energy storage needs in business, industry, and electrical networks. Their batteries are known for their longevity, operating continuously without degradation for over 30 years, making them ideal for renewable energy applications. The company was formed in April 2020 from the merger of redT energy plc and Avalon Battery Corporation, and operates in key global energy storage markets including the UK, Canada, USA, and China.
Average Trading Volume: 488,540
Technical Sentiment Signal: Buy
Current Market Cap: £105.7M
For a thorough assessment of IES stock, go to TipRanks’ Stock Analysis page.