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Pin to quick picksInvinity Energy Share News (IES)

Share Price Information for Invinity Energy (IES)

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Share Price: 24.50
Bid: 24.00
Ask: 25.00
Change: 0.25 (1.03%)
Spread: 1.00 (4.167%)
Open: 24.25
High: 24.50
Low: 24.25
Prev. Close: 24.25
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AIM WINNERS & LOSERS: Science Group reports record results in 2020

Tue, 09th Mar 2021 10:41

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Westmount Energy Ltd, up 16% at 13.45 pence, 12-month range 11p-23p. Notes announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will commence drilling operations at the Jabillo-1 wellsite on the Canje block on Wednesday. Westmount holds an indirect interest in the Canje block as a result of its 7.7% interest in JHI Associates Inc. The Canje Block is currently operated by an ExxonMobil subsidiary, Esso Exploration & Production Guyana, with Total, JHI and Mid-Atlantic Oil & Gas Inc as partners.

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Invinity Energy Systems PLC, up 8.1% at 148.13p, 12-month range 25p-245p. The storage battery manufacturing company says it continues to build on record 2020 orders of 18.6 megawatt hours. Says pipeline 143.7 megawatt hours, up 18% from November. "Our timing is good from a macro perspective; our core markets of the UK, the United States and Australia are all accelerating broad initiatives that will be good for Invinity. Finally, we're seeing a reduction in the interruptions the pandemic has caused in our delivery schedules. I am more optimistic than ever," says Chief Executive Larry Zulch.

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Science Group PLC, up 7.9% at 339.80p, 12-month range 161p-340p. The scientific consultancy services firm reports record revenue for 2020 of GBP72.7 million, up 29% on 2019, and swings to pretax profit of GBP6.3 million from GBP1.6 million loss. "Notwithstanding a global pandemic, the group achieved record results in 2020 benefitting from both its acquisition strategy and organic development which have combined to create a financially and operationally resilient organisation," company says.

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AIM - LOSERS

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Prospex Energy PLC, down 19% at 1.7p, 12-month range 1.4p-93.13p. The investment company focused on European gas and power projects says it has raised GBP750,000 via a placing of 50.0 million shares at a price of 1.5p each. Proceeds will be mainly used to fund planned programmes at the El Romeral integrated gas production and power station operation in southern Spain, and the Podere Gallina licence onshore Italy where first gas at the Selva field is expected to commence later in 2021, subject to the granting of a production concession.

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Helios Underwriting PLC, down 10% at 175.00p, 12-month range 70p-226p. The Lloyd's of London insurer raises GBP53.5 million via placing and subscription for a total of 33.4 million shares at a price of 160p each. Issue price represents a discount of 18% to the closing price of 195p on Monday. "This is a period of unprecedented opportunity for Helios, with a hardening market coupled with the opportunities we see to make further LLV acquisitions which would be value enhancing for our shareholders. Helios is uniquely positioned to capitalise on these opportunities," says Chief Executive Nigel Hanbury. Firm intends to raise up to a further GBP3.0 million via open offer.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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AIM WINNERS & LOSERS: Horizonte plunges on Araguaia funding blow

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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15 Apr 2024 08:56

Invinity Energy rises on potential investment from strategic partners

(Alliance News) - Invinity Energy Systems PLC on Monday said it has made "significant" progress towards securing a material investment from multiple strategic partners.

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26 Feb 2024 11:39

IN BRIEF: Invinity shares rise on new Mistral manufacturing deal

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Announces new strategic manufacturing agreement with Taiwanese partner Everdura Technology Co Ltd. Everdura will undertake domestic manufacturing of Invinity's 'Mistral' vanadium flow battery product for Taiwanese and other markets. Deal supersedes original partnership proposed in September when Everdura placed a 14.4 megawatt hour pre-order for Mistral. Invinity says Everdura will manufacture VFBs to fulfil orders it intends to secure under the companies' existing reseller agreement, which targets over 255 MWh of product sales over three years.

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18 Dec 2023 14:31

IN BRIEF: Invinity expects surge in annual revenue

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Says it will deliver its 2023 results in line with expectations, and anticipates a full-year minimum total income of GBP21.6 million, an increase from GBP2.9 million in 2022. Adds it is in current discussions with "a number of parties" for potential partnerships, which it expects to finalise in the first quarter of 2024.

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29 Oct 2023 21:01

Sunday share tips: Destiny Pharma, Invinity Energy Systems

(Sharecast News) - The Financial Mail on Sunday's Midas column spied long-term potential in Destiny Pharma's shares.

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3 Oct 2023 12:15

Invinity Energy sells 1.1 megawatts of battery storage to NARLabs

(Alliance News) - Invinity Energy Systems PLC on Tuesday said it has sold 1.1 megawatt hours worth of battery storage to Taiwan's National Applied Research Laboratories.

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3 Oct 2023 11:13

Invinity announces significant battery sale to Taiwan

(Sharecast News) - Invinity Energy Systems announced a significant sale of vanadium flow batteries (VFBs) to Taiwan's National Applied Research Laboratories (NARLabs) on Tuesday.

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25 Sep 2023 13:51

Invinity selected for six US Department of Energy products

(Sharecast News) - Utility-grade energy storage developer Invinity Energy Systems has been selected by the United States Department of Energy (DOE) to supply 84 MWh of its 'Mistral' product for projects at six US sites, it announced on Monday.

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25 Sep 2023 10:30

Invinity Energy reports "record" income and government contract win

(Alliance News) - Invinity Energy Systems PLC shares surged on Monday after it said the US Department of Energy will fund six of its projects, alongside significantly increased revenue but a widened half-year loss.

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22 Sep 2023 14:04

Invinity Energy says partner begins operating battery in Canada

(Alliance News) - Invinity Energy Systems PLC on Friday said that its Canadian partner, Elemental Energy, has started operating its vanadium flow battery at their Chappice Lake project in Canada.

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14 Sep 2023 17:17

Invinity hails Everdura order for new Mistral battery

(Alliance News) - Invinity Energy Systems PLC on Thursday said that it has received the first customer order for its next-generation vanadium flow battery.

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14 Sep 2023 13:11

Invinity gets first order for next generation 'Mistral' product

(Sharecast News) - Energy storage specialist Invinity Energy Systems announced its inaugural customer order for its next-generation product, 'Mistral', on Thursday.

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28 Jul 2023 14:25

IN BRIEF: Invinity sells VS3 battery system to Vanadium subsidiary

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Sells 0.2 megawatts per hour VS3 flow battery system to VSUN Energy, a wholly owned subsidiary of Australian Vanadium Ltd. Says battery system will be for use by Australian power provider, Horizon Power. Horizon owns and operates 34 microgrids across Western Australia. Horizon will pilot the VS3 battery at its microrigid project in Kununurra, Western Australia. Invinity says project delivery is expected to start in late 2023.

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28 Jul 2023 10:25

Invinity sells battery system for Western Australia microgrid

(Sharecast News) - Energy storage technology specialist Invinity announced the sale of a 0.2 MWh Invinity VS3 flow battery system to VSUN Energy - a wholly owned subsidiary of Australian Vanadium - on Friday.

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19 Jul 2023 10:20

Invinity Energy first half "strong" from project deliveries globally

(Alliance News) - Invinity Energy Systems PLC on Wednesday said it is trading in line with expectations, after performing "strongly" in the year-to-date, driven by the delivery of large-scale projects around the world.

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