Shares of Invinity Energy Systems plc (LON:IES – Get Free Report) fell 8.4% during mid-day trading on Saturday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). 1,734,769 shares were traded during trading, an increase of 228% from the average session volume of 529,586 shares. The stock had previously closed at GBX 10.38 ($0.13).
Analysts Set New Price Targets
Several brokerages have issued reports on IES. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research report on Wednesday, December 4th. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research report on Tuesday, February 18th.
Invinity Energy Systems Trading Down 8.4 %
Insider Buying and Selling
In other news, insider Adam Howard bought 134,333 shares of the company’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($26,046.99). 34.42% of the stock is owned by corporate 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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