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Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Palo Alto Networks aims at cyber security leadership
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3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Better Than Oil Stocks (Ad)
Applied Materials stock is Ray Dalio's favorite in this new cycle
Palo Alto Networks aims at cyber security leadership
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Spotify sounding better to analysts as company tunes into profits
3 Reasons the Capital One-Discover merger is a big deal
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How major US stock indexes fared Wednesday, 2/21/2024
Bears covered shorts on this ETF, 3 stocks to pop on the shift
NYSE:FREY

FREYR Battery (FREY) Stock Price, News & Analysis

$1.69
-0.05 (-2.87%)
(As of 02/21/2024 ET)
Today's Range
$1.67
$1.74
50-Day Range
$1.26
$2.07
52-Week Range
$1.21
$10.10
Volume
986,424 shs
Average Volume
1.76 million shs
Market Capitalization
$236.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.23

FREYR Battery MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
209.2% Upside
$5.23 Price Target
Short Interest
Healthy
6.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of FREYR Battery in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.72) to ($1.46) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.05 out of 5 stars

Oils/Energy Sector

212th out of 238 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

22nd out of 27 stocks


FREY stock logo

About FREYR Battery Stock (NYSE:FREY)

FREYR Battery SA is a Norwegian company producing clean energy storage solutions. The company is listed on the New York Stock Exchange under the FREY ticker. FREYR is one of Europe's leading producers of lithium-ion batteries, focusing on providing sustainable and cost-effective solutions for the energy transition.

Founded in 2018, FREYR has quickly established itself as a major player in the energy storage industry. The company aims to accelerate the transition to a more sustainable energy system by providing high-quality, scalable, cost-effective energy storage solutions. FREYR's products are designed to support various applications, from electric vehicles to renewable energy integration.

FREYR's critical competitive advantage is its focus on sustainability. The company uses 100% renewable energy in its production processes, and its batteries are designed to be fully recyclable at the end of their life cycle. This sustainability commitment has helped FREYR win several significant contracts with leading companies in the electric vehicle and renewable energy sectors.

One of FREYR's most important markets is the electric vehicle (EV) industry. With the global EV market projected to grow rapidly in the coming years, the demand for high-quality, reliable batteries is expected to increase significantly. FREYR's batteries are ideally suited for EV use, with high energy density and fast charging capabilities. The company has secured several contracts with leading EV manufacturers, including a recent partnership with German automaker Volkswagen.

Another key market for FREYR is renewable energy storage. As the share of renewable energy in the global energy mix continues to grow, the need for cost-effective and reliable energy storage solutions is becoming increasingly important. FREYR's batteries are well-suited for use in renewable energy systems. They can help balance the intermittent nature of renewable energy sources and ensure a stable electricity supply to the grid. The company has already won several significant contracts in this market, including a partnership with Norwegian renewable energy developer Scatec Solar.

FREYR's business model is based on a vertically integrated production process. The company has invested heavily in its production facilities in Norway, with plans to expand its production capacity significantly in the coming years. By controlling every aspect of the production process, from raw materials to finished products, FREYR can ensure high quality and reliability for its customers.

In addition to its focus on sustainability and high-quality production, FREYR is also committed to innovation. The company's dedicated research and development team constantly works to improve its products and explore new battery applications. This commitment to innovation has helped FREYR to stay at the forefront of the energy storage industry and remain competitive in a rapidly evolving market.

FREY Stock Price History

FREY Stock News Headlines

FREYR Battery (FREY) Set to Announce Quarterly Earnings on Thursday
FREY Mar 2024 2.500 put
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
FREY Mar 2024 1.500 put
FREY Mar 2024 1.000 call
FREY Mar 2024 2.000 put
FREY Jan 2026 1.000 call
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
FREYR Battery Inc FREY
GECI INTERNATIONAL: 2023-24 FIRST-HALF EARNINGS
Battery makers amass war chests for factories
FREYR Battery FREY
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Today
2/21/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Fax
N/A
Employees
212
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.23
High Stock Price Target
$10.00
Low Stock Price Target
$1.90
Potential Upside/Downside
+209.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-98,790,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$5.15 per share

Miscellaneous

Free Float
N/A
Market Cap
$236.11 million
Optionable
Optionable
Beta
0.66
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Key Executives

  • Mr. Tom-Einar Rysst JensenMr. Tom-Einar Rysst Jensen (Age 53)
    Co-Founder & Executive Chairman
    Comp: $653.96k
  • Mr. Balaz Peter Matrai (Age 51)
    Co-Founder & Director
    Comp: $460k
  • Mr. Oscar K. Brown (Age 53)
    Group Chief Financial Officer
    Comp: $599.85k
  • Mr. Jan Arve Haugan (Age 67)
    Chief Operating Officer
    Comp: $544.97k
  • Mr. Jeremy T. Bezdek (Age 50)
    Executive VP of Global Corporate Development & President of FREYR Battery U.S.
    Comp: $125k
  • Mr. Birger K. Steen MBA (Age 58)
    CEO & Director
  • Ms. Lori A. Papp (Age 51)
    Chief Accounting Officer
  • Dr. Andreas Bentzen (Age 48)
    Chief Technology Officer
  • Mr. Jeffrey David Spittel
    Vice President of Investor Relations
  • Mr. Are L. Brautaset (Age 53)
    Chief Legal Officer














FREY Stock Analysis - Frequently Asked Questions

Should I buy or sell FREYR Battery stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FREYR Battery in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" FREY shares.
View FREY analyst ratings
or view top-rated stocks.

What is FREYR Battery's stock price target for 2024?

5 brokerages have issued 1 year target prices for FREYR Battery's shares. Their FREY share price targets range from $1.90 to $10.00. On average, they predict the company's stock price to reach $5.23 in the next year. This suggests a possible upside of 209.2% from the stock's current price.
View analysts price targets for FREY
or view top-rated stocks among Wall Street analysts.

How have FREY shares performed in 2024?

FREYR Battery's stock was trading at $1.87 at the beginning of the year. Since then, FREY stock has decreased by 9.6% and is now trading at $1.69.
View the best growth stocks for 2024 here
.

Are investors shorting FREYR Battery?

FREYR Battery saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 7,850,000 shares, a decrease of 23.0% from the January 15th total of 10,200,000 shares. Based on an average trading volume of 3,400,000 shares, the short-interest ratio is presently 2.3 days. Currently, 6.5% of the shares of the stock are sold short.
View FREYR Battery's Short Interest
.

When is FREYR Battery's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our FREY earnings forecast
.

How can I listen to FREYR Battery's earnings call?

FREYR Battery will be holding an earnings conference call on Thursday, February 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were FREYR Battery's earnings last quarter?

FREYR Battery, Inc. (NYSE:FREY) announced its earnings results on Thursday, November, 9th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.33. During the same quarter in the prior year, the business posted ($0.20) EPS.

What ETFs hold FREYR Battery's stock?

ETFs with the largest weight of FREYR Battery (NYSE:FREY) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW) and Parabla Innovation ETF (LZRD).Global X Lithium & Battery Tech ETF (LIT).

Who are FREYR Battery's major shareholders?

FREYR Battery's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (0.93%), Franklin Resources Inc. (0.66%), Swiss National Bank (0.15%), Green Alpha Advisors LLC (0.14%), Vanguard Group Inc. (0.13%) and Quadrature Capital Ltd (0.11%).

How do I buy shares of FREYR Battery?

Shares of FREY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FREY) was last updated on 2/22/2024 by MarketBeat.com Staff