By Ian Walker
Shares of Invinity Energy Systems PLC rose 15% on Friday after the company said that it expects 2023 revenue to be significantly ahead of its previous guidance.
The battery manufacturer–which hasn’t disclosed what those expectations were–attributed its performance to 30 megawatt hours of new business during the fourth quarter of this year together with deferred revenue from Canadian and Australian projects that is expected to be recognized next year.
Shares at 0908 GMT were up 5.60 pence at 43.50 pence.
Write to Ian Walker at ian.walker@wsj.com
