Invinity Energy Systems plc (LON:IES – Get Free Report) shares were down 8.4% on Saturday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). Approximately 1,734,769 shares were traded during trading, an increase of 228% from the average daily volume of 529,586 shares. The stock had previously closed at GBX 10.38 ($0.13).
Analysts Set New Price Targets
Several research analysts have weighed in on IES shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a report on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.
Read Our Latest Stock Analysis on IES
Invinity Energy Systems Stock Performance
Insider Buying and Selling at Invinity Energy Systems
In related news, insider Adam Howard acquired 134,333 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($26,063.83). Corporate insiders own 34.42% of the company’s stock.
Invinity Energy Systems Company Profile
Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across 82 sites in 15 countries, more than any other company in the space.
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