It has certainly been a busy week adjusting my Double Bubbler portfolio based on recent events (or lack of in the case of EVTL) and I can confirm that activity continues, as later today I intend to make further changes to the portfolio.
I currently hold 100,000 shares in Invinity Energy Systems (London: IES, OTC: IESVF) and intend to increase this to 300,000 between my better half and I. This is based on the anticipation of potentially imminent news from Ofgem in relation to the ‘Cap and Floor’ scheme, of which Invinity is involved with over 20 eligible projects as I recently wrote about, as well as based on events that took place yesterday in the US.
By which I mean the 2025 results announced by US manufacturer (and competitor to Invinity) EOS Energy, which in some respects were a disaster with the share price ending the day down about 40%, due in part to poor management guidance in my opinion (negligent some may argue). What I took from the results however were the signs of a growing market for non-lithium based battery energy storage systems, with sales growing 7x from 2024.
In my opinion Invinity is well positioned to capitalise on this market, given its more globally diverse manufacturing arrangements and arguably better cost discipline than EOS, as well as a company value about 1/13th of EOS. Invinity therefore appears to present a far better balance or risk / reward and only time will tell if that is correct.
May fortune favour the brave,
Mark aka Double Bubbler
