FREY Stock Recent News

FREYR Battery NYSE: FREY is another in a long line of green-energy and next-gen technology companies working to make a difference. The difference with this company is that its technology is proven, it has binding orders worth billions, and testing the first products is already underway.

Tom Jensen, outgoing FREYR Battery CEO, joins 'The Exchange' to discuss redomiciling Freyr from Luxembourg to the U.S., battery oversupply capacity concerns and scaling to cost-competitive levels.

FREYR Battery (FREY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

NEW YORK, OSLO, & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will publish a press release detailing second quarter 2023 results and conduct a conference call on August 10, 2023. The second quarter 2023 press release will be issued by 6:00 am U.S. Eastern Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 8:30 am Eastern Daylight Time (2:30 pm Central European.

There is no electric vehicle revolution without EV batteries. The long-term investment opportunities are plentiful, from the companies that mine the raw materials to those that produce the batteries and charging stations.

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.