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An announcement from Invinity Energy Systems ( (GB:IES) ) is now available.
Invinity Energy Systems plc has announced that 21 project bids, utilizing its Endurium battery technology and totaling approximately 16.7 GWh, have been declared eligible by Ofgem for the UK LDES Cap and Floor Scheme. This development is significant as it positions Invinity’s vanadium flow batteries as a key player in the UK’s future electric grid, with the potential to secure substantial orders that could impact the company’s future trading. While the competitive nature of the process means not all bids may succeed, the company remains optimistic about advancing through the project assessment stage.
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 prominent manufacturer of vanadium flow batteries, designed for large-scale, high-throughput energy storage needs across business, industry, and electrical networks. These batteries are known for their durability, operating continuously without degradation for over 30 years, making them ideal for demanding renewable energy applications. The company was formed in April 2020 through the merger of redT energy plc and Avalon Battery Corporation, and it operates in major global energy storage markets with a presence in the UK, Canada, USA, and China.
Average Trading Volume: 486,852
Technical Sentiment Signal: Hold
Current Market Cap: £95.82M
For a thorough assessment of IES stock, go to TipRanks’ Stock Analysis page.