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Pin to quick picksInvinity Energy Share News (IES)

Share Price Information for Invinity Energy (IES)

London Stock Exchange
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Share Price: 23.25
Bid: 23.00
Ask: 23.50
Change: -0.25 (-1.06%)
Spread: 0.50 (2.174%)
Open: 23.25
High: 23.30
Low: 23.25
Prev. Close: 23.50
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Sunday share tips: Ceres Power, Invinity Energy Systems

Sun, 25th Jun 2023 15:09

(Sharecast News) - The Sunday Times's Lucy Tobin recommended investors buy Ceres Power in anticipation of imminent revenue growth.

Ceres had seen its share price crash since 2021, most recently due to delays due to regulatory delays in China which were delaying a 'milestone' manufacturing agreement with Weichai and Bosch.

But Tobin pointed out that the deal had only been delayed, not dumped.

Worth noting, the Asian giant was still expected to become Ceres's largest market.

Its technology was also notable with the company working with Shell on solid oxide electrolyser cells that could produce hydrogen 20% more efficiently.

And the company wasn´t scaling the manufacturing process itself, instead it licensed its technology to royalty paying partners.

So revenue growth was imminent as more deals were inked.

Indeed, two factories were set to start producing and selling hydrogen products beginning from the back half of 2024.

Analysts at Panmure Gordon concurred with analyst Lacie Midgley saying: "Ceres today is in a much stronger position than two years ago [when the share price was £15].

"It has that pending China [deal], royalties will be feeding through in under a year, two factories are gearing up - the business is miles ahead."

The Financial Mail on Sunday's Midas column tipped shares of Invinity Energy Systems to readers, predicting that the energy storage engineer's fortunes were set to change.

Invinity Energy Systems was formed via a tie-up of US-based Avalon and AIM-listed vanadium battery producer RedT.

In its previous incarnation, RedT had been a consistent disappointment.

Invinity had recently teamed up with Siemens however to develop Mistral, vanadium flow batteries with upfront costs similar to lithium batteries but lifetime costs that were significantly lower.

And commercial sales were expected from 2024.

Wind power was now the largest source of energy for the UK, but too little wind meant that turbines underperformed, whilst too much wind meant they were asked to stop producing.

That was making renewable energy more expensive that it need be and slowing the energy transition.

Lithium batteries could be used to store power to solve the problem of variable wind speeds, but they were best used for short bursts of power, degraded quickly and were highly flammable.

That was not the case for vanadium flow batteries.

Furthermore, Invinity had already sold more vanadium batteries than any other supplier.

And interest in the company's products was surging with projects under way in Australia, Canada and California.

"Backing a loss-making business is never without risk but Invinity is now working hand in glove with engineering powerhouse Siemens and has attracted support from around the world," Midas said.

"At 35p, the shares should go far."

More News
8 Mar 2023 15:54

UK shareholder meetings calendar - next 7 days

Thursday 9 March 
CT Capital & Income Investment Trust PLCAGM
Shoe Zone PLCAGM
WAG Payment Solutions PLCGM re proposed acquisition of Inelo
Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
Monday 13 March 
BlackRock Energy & Resources Income Trust PLCAGM
Hercules Site Services PLCAGM
Hummingbird Resources PLCGM re strategic investment and placement
Ironveld PLCGM re second placing shares on AIM
Tuesday 14 March 
Georgia Capital PLCGM re company's transfer from Premium to Standard listing
MTI Wireless Edge LtdAGM
Redx Pharma PLCAGM
Wednesday 15 March 
Applied Graphene Materials PLCGM re delisting
BSF Enterprise PLCAGM
Chemring Group PLCAGM
Invinity Energy Systems PLCGM re placing fundraising and subscription
Safestore Holdings PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Mar 2023 14:16

Invinity agrees to prepay convertible loan facility with Riverfort

(Alliance News) - Invinity Energy Systems PLC on Friday said that it has entered a prepayment agreement to repay the outstanding drawn amount of its convertible loan facility with RiverFort Global Opportunities PCC Ltd and YA II PN Ltd.

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3 Mar 2023 14:11

Invinity inks deal to repay December bridging loan

(Sharecast News) - Energy storage specialist Invinity has entered into a prepayment agreement to repay the outstanding amount of a convertible loan facility with RiverFort Global Opportunities PCC and YA II PN, it announced on Friday.

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23 Feb 2023 18:37

TRADING UPDATES: Anglo Asian eyes "pivotal" 2023, Cordel signs deal

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

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23 Feb 2023 10:53

AIM WINNERS & LOSERS: Quadrise says fuel cleared by Moroccan customs

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

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22 Feb 2023 19:42

IN BRIEF: Invinity Energy Systems plans fundraise for GBP16 million

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Plans to raise GBP16 million through a placing, subscription, and open offer for 42.2 million new shares at a price of 32 pence per share. Receives a strategic investment of GBP2.5 million by Everbrite Technology Co Ltd through a subscription. Adds that the open offer will raise GBP4 million through the offer 12.5 million new ordinary shares. Says the issue price represents a discount of 14% to the closing middle market price of 37 pence per share on February 22. Says that the proceeds from the proposed placing are expected to provide it with sufficient working capital to the end of June 2024.

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23 Jan 2023 10:38

Invinity Energy trading in line with guidance on several contract wins

(Alliance News) - Invinity Energy Systems PLC on Monday said it expects revenue for last year in line with market expectations, as a result of a "significant number of contract wins".

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18 Jan 2023 21:58

TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds

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

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16 Jan 2023 14:18

IN BRIEF: Invinity Energy signs MoU to build battery rental offering

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Signs a non-binding Memorandum of Understanding with Dawsongroup Power Solutions Ltd, part of Dawsongroup PLC. Dawsongroup is a leading commercial asset rental business operating across the UK and EU. Says the partnership will see Dawsongroup procure battery storage products exclusively from Invinity and "become Invinity's exclusive rental partner in the UK". Says they see a strong potential for a rental market in the UK for vanadium flow batteries. Expects to target customer commitments of more than 50 megawatt hours over the next two years.

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30 Dec 2022 15:05

Invinity optimistic of year ahead despite delayed revenues

(Alliance News) - Invinity Energy Systems PLC on Friday said it will not be able to recognise revenue on projects in Canada and Australia for a brief period, despite meeting production goals this year.

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30 Dec 2022 11:06

AIM WINNERS & LOSERS: Pantheon Resources, Harland & Wolff shares fall

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

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14 Dec 2022 22:01

TRADING UPDATES: Pantheon Resources repays notes; Corcel raises funds

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

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13 Dec 2022 12:43

AIM WINNERS & LOSERS: Invinity Energy jumps on battery systems order

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

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13 Dec 2022 12:14

LONDON MARKET MIDDAY: Stocks up as focus shifts to US inflation data

(Alliance News) - Stock prices in London edged into the green around midday on Tuesday as markets were in wait-and-see mode ahead of a key inflation reading for the US economy.

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13 Dec 2022 11:37

Invinity Energy sells flow battery system to Hyosung Heavy Industries

(Alliance News) - Invinity Energy Systems PLC on Tuesday said it is selling a 1.5 megawatt per hour VS3 flow battery system to Hyosung Heavy Industries Corp for an undisclosed sum.

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