Invesco Ltd. lifted its stake in FREYR Battery, Inc. (NYSE:FREY - Free Report) by 48.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,144,187 shares of the company's stock after acquiring an additional 700,469 shares during the period. Invesco Ltd. owned 1.53% of FREYR Battery worth $5,532,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of FREYR Battery in the fourth quarter worth $31,000. Wells Fargo & Company MN boosted its holdings in FREYR Battery by 7.7% during the fourth quarter. Wells Fargo & Company MN now owns 160,091 shares of the company's stock valued at $413,000 after acquiring an additional 11,502 shares during the period. Geode Capital Management LLC boosted its holdings in FREYR Battery by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,363,260 shares of the company's stock valued at $3,517,000 after acquiring an additional 21,232 shares during the period. Franklin Resources Inc. grew its position in shares of FREYR Battery by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 959,500 shares of the company's stock valued at $2,476,000 after purchasing an additional 43,800 shares during the last quarter. Finally, AXQ Capital LP bought a new position in shares of FREYR Battery in the fourth quarter worth about $47,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.
FREYR Battery Trading Down 2.4 %
NYSE:FREY traded down $0.03 during mid-day trading on Thursday, hitting $1.21. 700,069 shares of the company's stock traded hands, compared to its average volume of 2,393,697. The firm has a market capitalization of $169.99 million, a price-to-earnings ratio of -1.59 and a beta of 0.94. The firm has a 50 day moving average of $1.32 and a two-hundred day moving average of $1.73. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $3.36.
FREYR Battery Profile
(
Free Report)
FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.
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