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Pin to quick picksInvinity Energy Share News (IES)

Share Price Information for Invinity Energy (IES)

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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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Invinity upbeat on outcome of 'comprehensive' costs review

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IN BRIEF: Invinity Energy eyes annual loss to be better than expected

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer that produces batteries for the large-scale requirements of business networks - Says pleased to note significant reduction in the provision for contract losses which was previously recorded. As a result, Invinity expects its reported gross margin loss and pretax loss to be materially better than was anticipated.

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued Friday and not separately reported by Alliance News:

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Invinity to deploy first next-generation battery prototype

(Sharecast News) - Invinity Energy Systems announced the upcoming deployment of the first prototype of its next-generation product in British Columbia on Friday.

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Invinity Energy secures 2.07 MWh sale to Orcas Power in US

(Alliance News) - Invinity Energy Systems PLC on Thursday celebrated a battery sale to Orcas Power and Light Cooperative, to be used in a solar plus storage project.

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Invinity Energy secures 0.88 MWh battery sale to Detroit workers union

(Alliance News) - Invinity Energy Systems PLC on Thursday celebrated a battery sale to the Detroit branch of the International Brotherhood of Electrical Workers, for use in a solar storage project.

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12 Apr 2023 10:41

Invinity wins LODES competition, gains GBP11 million for flow battery

(Alliance News) - Invinity Energy Systems PLC said on Wednesday it was awarded a GBP11.0 million grant from the UK Department for Energy Security & Net Zero.

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6 Apr 2023 10:59

Invinity optimistic of success on production progress across projects

(Alliance News) - Invinity Energy Systems PLC on Thursday highlighted its transition from a development company into a commercial supplier, after delivering over 11.4 megawatt-hours of batteries so far this year.

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TRADING UPDATES: Bradda Head drilling locates high grade lithium

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:

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10 Mar 2023 14:21

Invinity makes new UK sale, enters Hungary partnership

(Sharecast News) - Utility-grade energy storage technology developer Invinity Energy Systems announced a new sale in the UK and a commercial partnership in Hungary on Friday.

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10 Mar 2023 10:43

Invinity Energy Systems boasts UK follow-on order and EU partnership

(Alliance News) - Invinity Energy Systems PLC on Friday said it has secured a follow-on sale in the UK with Dawsongroup PLC and also entered into a new EU commercial partnership.

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