FREY Stock Recent News
FREY LATEST HEADLINES
FREYR Battery is down around 3% for the year with common shares proving resilient against the broader stock market chaos. The battery company is flush with cash and held around $474.8 million on its balance sheet as of the end of its fiscal 2023 first quarter. Giga America is set to start the bulk of its production in 2026 as part of ambitious plans to build a 200 GWh annual battery cell production capacity by 2030.
An analyst slashed the price target and downgraded Freyr's stock. The company doesn't expect to commence operations at its gigafactories until 2025.
After reaching an important support level, FREYR Battery (FREY) could be a good stock pick from a technical perspective. FREY surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
For high-growth battery stocks tied to the burgeoning electric vehicle industry, 2025 will be a key milestone. That's when plug-in vehicles will make up 23% of new passenger vehicle sales globally in 2025.
Battery stocks offer a legitimate path toward strong future returns. Time will tell whether the particular stocks listed below contribute to those riches.
Investors dream of getting into a promising stock early before it goes on a rocket ride. In hindsight, plenty of investors are kicking themselves for not seeing the potential of Apple Inc. NASDAQ: AAPL in 1984, or Amazon.com Inc. NASDAQ: AMZN in 1997.
Companies are investing in battery technology to feed demand for electric vehicles and energy storage systems. Freyr Battery stock popped.
Analysts at Morgan Stanley on Thursday upgraded their rating on Freyr SA FREY, +18.92% to the equivalent of buy, saying that the Norwegian battery maker's first investor day in New York City earlier in the week featured several “material milestones.” Those include manufacturing batteries at Freyr's demonstration production line in Norway, “early discussions” about diversifying battery tech, and expected progress on financing, the analysts said.
Freyr CEO Tom Jensen joins 'The Exchange' to discuss Freyr's plans to develop a battery production facility in Georgia, the stimulus provided by the Inflation Reduction Act, and investor sentiment about the battery industry.
FREYR Battery NYSE: FREY is emerging as an exciting play on electrification. While some are focused on building vehicles or generating clean power, FREYR aims to produce energy storage solutions for all uses.