Invinity Energy Systems PLC 76.4% potential upside indicated by Canaccord Genuity

Invinity Energy Systems PLC with ticker (LON:IES) now has a potential upside of 76.4% according to Canaccord Genuity.



Canaccord Genuity set a target price of 75 GBX for the company, which when compared to the Invinity Energy Systems PLC share price of 43 GBX at opening today (25/04/2023) indicates a potential upside of 76.4%. Trading has ranged between 19 (52 week low) and 99 (52 week high) with an average of 303,839 shares exchanging hands daily. The market capitalisation at the time of writing is £79,211,419.

Invinity Energy Systems PLC (Invinity) is a Jersey-based company. The Company is engaged in the manufacture and sale of vanadium flow battery systems plus associated installation, warranty, and other services. The Company focuses on developing and delivering the Invinity VS3, its flow battery product. The VS3-022 is a stationary energy storage system. It uses Invinity’s vanadium redox flow technology to store energy in an aqueous solution, which is non-flammable. The VS3-022 provides personnel safety. Invinity designs and manufactures utility-grade energy storage for grid-scale, commercial and industrial (C&I), and microgrid applications. The Company has deployed around 33-Megawatt hour (MWh) of systems across 50 sites in 15 countries. It manufactures flow batteries for energy storage requirements of business, industry and electrical networks. Its storage markets are the United Kingdom, Canada, the United States of America, China and Australia.