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

2.22

Mkt cap

355M

Volume

High

2.66

P/E Ratio

-23.00

52-wk high

2.85

Low

2.22

Div yield

N/A

52-wk low

0.91

FREYR Battery, Inc. (NYSE:FREY) shares surged 26.9% after the company successfully completed its first production trial of unit cells using the Casting and Unit Cell Assembly machine. This milestone positions FREYR as a leader in giga-scale battery production and advances its role in novel lithium-ion battery technologies.

Portfolio Pulse from Vaishali Prayag

May 22, 2024 | 8:32 pm

Shares of XP Inc. (NASDAQ:XP) fell sharply by around 12% after reporting worse-than-expected first-quarter EPS results. XP posted earnings of 37 cents per share, missing estimates of 40 cents per share, but reported higher-than-expected sales of $818.79 million. Other stocks moving significantly include Akoustis Technologies, Inc. (NASDAQ:AKTS), Barnes & Noble Education, Inc. (NYSE:BNED), and Petco Health and Wellness Company, Inc. (NASDAQ:WOOF).

Portfolio Pulse from Avi Kapoor

May 22, 2024 | 5:28 pm

The article highlights the intraday movements of various industrial stocks on Wednesday. Notable gainers include Greenwave Tech Solns (GWAV), FREYR Battery (FREY), SunPower (SPWR), FuelCell Energy (FCEL), Bloom Energy (BE), and Nxu (NXU). On the losing side, Applied UV (AUVIP), Agrify (AGFY), Ault Alliance (AULT), Complete Solaria (CSLR), Recruiter.Com Group (RCRT), and Golden Ocean Group (GOGL) saw declines.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 4:31 pm

FREYR Battery shares are trading higher following the successful completion of its first production trial of unit cells at the Customer Qualification Plant.