Invinity Energy Systems plc (LON:IES – Get Free Report)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as GBX 8 ($0.10) and last traded at GBX 9.50 ($0.12), with a volume of 1734769 shares changing hands. The stock had previously closed at GBX 10.38 ($0.13).
Analysts Set New Price Targets
A number of research analysts recently commented on IES shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Tuesday, February 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.
Read Our Latest Stock Report on Invinity Energy Systems
Invinity Energy Systems Trading Down 8.4 %
Insiders Place Their Bets
In other news, insider Adam Howard acquired 134,333 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($26,063.83). 34.42% of the stock is owned by insiders.
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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