Industrials - Electrical Equipment & Parts - NYSE - LU
$ 2.1
-8.7 %
$ 295 M
Market Cap
-17.5
P/E
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.[ Read More ]
The intrinsic value of one FREY stock under the base case scenario is HIDDEN Compared to the current market price of 2.1 USD, FREYR Battery is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FREY
FINANCIALS
0
REVENUE
-143 M
OPERATING INCOME
-71.9 M
NET INCOME
-87.9 M
OPERATING CASH FLOW
-187 M
INVESTING CASH FLOW
0
FINANCING CASH FLOW
0
REVENUE
-31.8 M
OPERATING INCOME
-54.8 M
NET INCOME
-56.3 M
OPERATING CASH FLOW
-9.51 M
INVESTING CASH FLOW
-4.13 M
FINANCING CASH FLOW
Balance Sheet Decomposition
FREYR Battery
| Current Assets | 312 M |
| Cash & Short-Term Investments | 276 M |
| Receivables | 0 |
| Other Current Assets | 36.2 M |
| Non-Current Assets | 420 M |
| Long-Term Investments | 22.3 M |
| PP&E | 391 M |
| Other Non-Current Assets | 7.1 M |
| Current Liabilities | 49.2 M |
| Accounts Payable | 18.1 M |
| Short-Term Debt | 3.38 M |
| Other Current Liabilities | 27.7 M |
| Non-Current Liabilities | 48.3 M |
| Long-Term Debt | 18.8 M |
| Other Non-Current Liabilities | 29.5 M |
EFFICIENCY
Earnings Waterfall
FREYR Battery
| Revenue | 0 |
| Cost Of Revenue | 4.7 M |
| Gross Profit | -4.7 M |
| Operating Expenses | 143 M |
| Operating Income | -143 M |
| Other Expenses | -71 M |
| Net Income | -71.9 M |
RATIOS
0.00%
GROSS MARGIN
0.00%
OPERATING MARGIN
0.00%
NET MARGIN
-11.36%
ROE
-9.83%
ROA
-22.79%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
FREYR Battery
| Net Income | -71.9 M |
| Depreciation & Amortization | 3.34 M |
| Capital Expenditures | -188 M |
| Stock-Based Compensation | 11.6 M |
| Change in Working Capital | 475 K |
| Others | -21.5 M |
| Free Cash Flow | -276 M |
Wall Street Analysts Price Targets
FREYR Battery
Wall Street analysts predict an average 1-year price target for FREY of $18.2 , with forecasts ranging from a low of $8 to a high of $26 .
FREY Lowest Price Target
Wall Street Target
8 USD
280.95%
FREY Average Price Target
Wall Street Target
18.2 USD
766.67%
FREY Highest Price Target
Wall Street Target
26 USD
1138.10%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
FREYR Battery
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
249 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 08, 2024
|
Bought 249 K USD
|
Calio Joseph Evan
Chief Financial Officer |
+ 130600
|
1.91 USD |
7. News
FREYR Battery Reports Third Quarter 2024 Results
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable clean energy capacity and solutions, today reported financial results for the third quarter of 2024. Results Overview, Financing, and Liquidity FREYR reported a net loss attributable to stockholders for the third quarter of 2024 of $(27.5) million, or $(0.20) per diluted share compared to a net loss for the third quarter of 2023 of $(9.8) million or $(0.
businesswire.com
- 1 week ago
FREYR Battery Announces Transformative Acquisition of Trina Solar's U.S. Manufacturing Assets, Actions to Strengthen Board of Directors and Management Team
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) has announced that the Company has entered into an agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd. (SHA: 688599) (“Trina Solar”). The transaction is subject to certain customary conditions precedent, including receipt of certain third-party consents, completion of the preferred stock issuance to Encompass Capital Advisors LLC and internal reorganization t.
businesswire.com
- 1 week ago
FREYR Battery Selected by European Union Innovation Fund for Grant Award
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery, Inc. (NYSE: FREY) (“FREYR” or the “Company”), a developer of sustainable battery and clean energy solutions, confirmed this morning that the European Union Innovation Fund (“EUIF”) has selected FREYR for a €122 million grant award to develop the Company's potential joint venture Cathode Active Material (“CAM”) manufacturing project in Vaasa, Finland. “We are very grateful to be selected for this grant award from the EU Innov.
businesswire.com
- 3 weeks ago
Microvast vs. FREYR: Which Battery Stock Holds the Power?
In 2021, the term SPAC became part of the investor's dictionary. SPAC stands for special purpose acquisition company, and it was a way many companies went public in 2020 and 2021.
marketbeat.com
- 2 months ago
FREYR Battery: Pessimism Could Be Entirely Priced In
FREYR is prioritizing investing in their Giga America plant to capitalize on favorable IRA policies and market opportunities, especially in the EES and EV segments. With $221.5M in cash and no debt, FREYR has a decent buffer for the next 2-3 years but must manage expenses to avoid liquidity issues. Pessimism and skepticism about near-term milestones are fully priced in, potential positive announcements could shift market sentiment and increase share price significantly.
seekingalpha.com
- 2 months ago
FREYR Battery, Inc. (FREY) Q2 2024 Earnings Call Transcript
FREYR Battery, Inc. (NYSE:FREY ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Jeffrey Spittel - VP, IR Daniel Barcelo - Chairman Tom Einar Jensen - Co-founder, CEO Evan Calio - CFO Conference Call Participants Tyler DiMatteo - BTIG Jeffrey Spittel Hello and welcome to Freyr Battery's Second Quarter 2024 Earnings Conference Call. With me today on the call are Daniel Barcelo, Chairman of Freyr's Board of Directors, our Co-founder, Chief Executive Officer, and Board Director, Tom Einar Jensen, and Evan Calio, our Chief Financial Officer.
seekingalpha.com
- 3 months ago
FREYR Battery Announces Second Quarter 2024 Earnings Release and Conference Call Schedule
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of next-generation battery cell production capacity, will publish a press release detailing second quarter 2024 results and conduct a conference call on August 9, 2024. The second quarter 2024 press release will be issued by 6:00 am U.S. 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 Time).
businesswire.com
- 3 months ago
3 Renewable Energy Stocks to Sell Ahead of a Trump-Vance Win
Over the long term, clean energy should continue to be a growing sector. The world needs more electricity, and that will especially be true given the increasing power demand in sectors such as electric vehicles (EVs) and artificial intelligence.
investorplace.com
- 3 months ago
3 Battery Stocks to Buy Now: Q3 Edition
While electric vehicles and perhaps electric vertical takeoff and landing (eVTOL) aircraft may represent the future of mobility, it's quite a challenge to determine which specific manufacturing brand will win out. Not all brilliant companies make it to the finish line.
investorplace.com
- 4 months ago
FREYR Battery Provides Operations Update
NEW YORK & OSLO & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, has provided an update this morning on the Company's operational progress at the Customer Qualification Plant (“CQP”) in Mo i Rana, Norway. FREYR successfully produces unit cells in continuous process at CQP FREYR's teams, partners, and vendors have reached the Company's most significant technical achievement to date by pr.
businesswire.com
- 4 months ago
3 Battery Stocks to Buy Now: June 2024
The Global X Lithium & Battery Tech ETF (NYSEARCA: LIT ) shed more than 10% of its value in the past month, naturally leading to a drawdown in battery stocks. Many might argue that the recent capitulation of battery stocks is a sign of things to come.
investorplace.com
- 4 months ago
FREYR Battery Announces Leadership Changes to Support Strategic Focus on Accelerating Path to Profitability
NEW YORK & OSLO, Norway & NEWNAN, Ga.--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Co-Founder and current Chairperson of the Board of Directors (the “Board”) Tom Jensen as Chief Executive Officer. Current Director Daniel Barcelo has been appointed the next Chair of the Board. Additionally, Evan Calio has been appointed as the Company's new CFO. In connection wit.
businesswire.com
- 5 months ago
8. Profile Summary
FREYR Battery FREY
COUNTRY
LU
INDUSTRY
Electrical Equipment & Parts
MARKET CAP
$ 295 M
Dividend Yield
0.00%
Description
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.
Contact
22-24, boulevard Royal, Luxembourg City, 2449
https://www.freyrbattery.com
IPO Date
Jan. 10, 2020
Employees
263
Officers
Amy Jaick
Head of Global Commuication
Mr. Jeffrey David Spittel
Vice President of Investor Relations
Mr. Tom-Einar Rysst Jensen
Co-Founder, Chief Executive Officer & Executive Director
Mr. Tore Ivar Slettemoen
Founder & Director
Mr. Evan Calio J.D.
Chief Financial Officer
Ms. Lori A. Papp
Chief Accounting Officer
Ms. Kristin Zwez
Senior Vice President of Global Corporate Development
Mr. Balaz Peter Matrai
Co-Founder & Director
Mr. Gery Bonduelle
Chief Sales Officer
Dr. Andreas Bentzen
Chief Technology Officer