Streetbeat News

FREY

FREYR Battery

https://www.freyrbattery.com

Industry

Electrical Equipment & Parts

FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.

Open

1.69

Mkt cap

221M

Volume

1.4M

High

1.69

P/E Ratio

-14.27

52-wk high

2.85

Low

1.55

Div yield

N/A

52-wk low

0.91

FREYR Battery reported a net loss of $27.5 million for Q3 2024, a significant increase from the $9.8 million loss in Q3 2023.

Portfolio Pulse from

November 06, 2024 | 11:30 am

FREYR Battery's stock is rising following the announcement of a €122 million grant from the EU Innovation Fund for a joint venture in Finland.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:51 pm

FREYR Battery has secured a €122 million grant from the European Union Innovation Fund to support its joint venture cathode active materials manufacturing project in Finland. This funding will aid in the development and scaling of their manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:20 pm

FREYR Battery (NYSE:FREY) reported a Q2 2024 GAAP EPS of $(0.19), missing the analyst consensus estimate of $(0.18) by 5.56%.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 10:01 am

Freyr Battery Inc (NYSE:FREY) shares are trading higher after the company announced a significant technical achievement at its Customer Qualification Plant in Norway. The company successfully produced unit cells in a continuous process, which enhances its production capabilities and strengthens its position as an industrialization partner.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 3:21 pm

FREYR Battery (NYSE:FREY) has achieved a significant milestone in battery cell production at its Customer Qualification Plant in Norway. The company successfully produced unit cells in a continuous process, enhancing the technical and economic competitiveness of its SemiSolid™ technology. FREYR aims to reach nominal production speeds, produce multi-layer battery cells, and secure additional development capital.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 10:06 am

FREYR Battery shares are trading lower following the announcement of leadership changes.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 3:22 pm

Freyr Battery has announced significant leadership changes. Co-founder and current Board Chairperson Tom Jensen has been appointed as CEO, while current Director Daniel Barcelo will become the next Chair of the Board. Additionally, Evan Calio has been appointed as the new CFO.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:01 am

As of May 28, 2024, five industrial stocks are showing signs of being overbought, which could be a warning for momentum investors. These stocks include FREYR Battery, Redwire Corporation, Bloom Energy, Construction Partners, and Danaos Corporation. Each of these stocks has seen significant recent gains and has an RSI value above 70, indicating potential overbought conditions.

Portfolio Pulse from Avi Kapoor

May 28, 2024 | 11:31 am

FREYR Battery shares are trading lower after a spike on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:20 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.