FREY Stock Recent News

Freyr, Lucid, and Fisker stocks are all down double digits in 2023 -- and they're not alone. Today, the Wall Street Journal published a report on the financial troubles facing literally dozens of former SPAC EV stocks.

Freyr Battery (NYSE: FREY ) stock rose nearly 10% in pre-market trading after the company gave analysts a positive review of its efforts to make its SemiSolid battery technology platform. FREY stock was trading in the pre-market at $1.54, a market capitalization of nearly $200 million.

The heavy selling pressure might have exhausted for FREYR Battery (FREY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

FREYR is set to delay its CQP facility as a response to European government subsidies remaining out of reach. The company is fully pivoting to the US to take advantage of 2022 Inflation Reduction Act subsidies. This pivot will see its Giga America factory produce conventional batteries for sale by 2025.

FREYR Battery (NYSE: FREY ) is among the most closely-watched stocks in today's session. This company, which focuses on energy storage systems and the production of lithium ion-based battery cells, saw significant attention as a key potential innovator in the race for improved battery technology.

FREYR reported third quarter earnings today. The former SPAC pushed back timelines for its battery plant manufacturing start-up.

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing third quarter 2023 results and conduct a conference call on November 9, 2023. The third quarter 2023 press release will be issued by 6:00 am U.S. Eastern Standard Time (12:00 pm Central European Time). The conference call is scheduled to begin at 8:30 am Eastern Standard Time (2:30 pm Central E.

Freyr hit a milestone at a plant that will produce battery samples for customer testing. With this milestone, Freyr expects to start sample production by the end of this year.

In the financial markets currently the battery sector is gaining great momentum, in recent years we have seen an increase in demand for this great tool today. Not only are they being used for electric vehicles but also for many other tools that we use in our daily lives.

With an undeniable shift towards electric vehicles (EVs), the demand for lithium has grown immensely. As we look ahead, market analysts suggest that U.S. electric vehicle sales could account for more than 50% of total car sales by 2030.