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NYSE:FREY

FREYR Battery (FREY) Stock Price, News & Analysis

$2.57
-0.09 (-3.38%)
(As of 05/29/2024 ET)
Today's Range
$2.44
$2.64
50-Day Range
$1.51
$2.65
52-Week Range
$1.21
$10.10
Volume
2.32 million shs
Average Volume
1.71 million shs
Market Capitalization
$359.05 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
103.3% Upside
$5.23 Price Target
Short Interest
Bearish
6.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of FREYR Battery in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.24 out of 5 stars

Oils/Energy Sector

203rd out of 238 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

24th out of 28 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 Provides Operations Update
Q1 2024 FREYR Battery Inc Earnings Call
FREYR Battery Reports First Quarter 2024 Results
FREYR Battery Insider Ups Holding During Year
FREYR Battery, Inc. (FREY)
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
5/29/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Fax
N/A
Employees
263
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
+103.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-71,940,000.00
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
$359.05 million
Optionable
Optionable
Beta
0.70
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Key Executives

  • Mr. Tom-Einar Rysst JensenMr. Tom-Einar Rysst Jensen (Age 53)
    Co-Founder & Executive Chairman
    Comp: $775.77k
  • Mr. Birger K. Steen MBA (Age 58)
    CEO & Director
    Comp: $733.36k
  • Mr. Balaz Peter Matrai (Age 51)
    Co-Founder & Director
    Comp: $464.88k
  • Mr. Oscar K. Brown (Age 53)
    Group Chief Financial Officer
    Comp: $692.05k
  • Dr. Andreas Bentzen (Age 48)
    Chief Technology Officer
    Comp: $730.02k
  • Mr. Are L. Brautaset (Age 53)
    Chief Legal Officer
    Comp: $240.69k
  • Mr. Jeremy T. Bezdek (Age 50)
    Executive Vice President of Corporate Development
    Comp: $548.17k
  • Ms. Lori A. Papp (Age 51)
    Chief Accounting Officer
  • Mr. Jeffrey David Spittel
    Vice President of Investor Relations
  • Amy Jaick
    Head of Global Commuication

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 twelve months. 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 analysts have issued 1 year price objectives for FREYR Battery's stock. Their FREY share price targets range from $1.90 to $10.00. On average, they predict the company's share price to reach $5.23 in the next year. This suggests a possible upside of 103.3% 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 start of the year. Since then, FREY stock has increased by 37.4% and is now trading at $2.57.
View the best growth stocks for 2024 here
.

Are investors shorting FREYR Battery?

FREYR Battery saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 8,330,000 shares, an increase of 8.9% from the March 31st total of 7,650,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is presently 5.3 days. Currently, 6.8% of the company's shares 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, August 8th 2024.
View our FREY earnings forecast
.

How were FREYR Battery's earnings last quarter?

FREYR Battery, Inc. (NYSE:FREY) issued its earnings results on Wednesday, May, 8th. The company reported ($0.21) earnings per share for the quarter.

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).AXS Green Alpha ETF (NXTE).

Who are FREYR Battery's major shareholders?

FREYR Battery's stock is owned by a number of institutional and retail investors. Top institutional investors include Carlson Capital L P (1.49%), Jennison Associates LLC (0.93%), Mirae Asset Global Investments Co. Ltd. (0.86%), Green Alpha Advisors LLC (0.17%), Cetera Advisors LLC (0.03%) and Bayesian Capital Management LP (0.01%).

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 5/29/2024 by MarketBeat.com Staff

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