Freyr Battery Inc

FREYR Battery SA formed for the purpose of effecting a merger between Alussa Energy Acquisition Corp., FREYR AS, and other affiliated entities through a series of transactions. The company was founded by Peter Matrai, Torstein Dale Sjøtveit and Tom Einar Jensen on January 20, 2021 and is headquartered Luxembourg.

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FREYR Battery excels in Q4, eyes U.S. expansion amid challenges

FREYR Battery's Q4 2022 earnings call highlighted significant achievements, positive financial results, and strategic initiatives for future growth.
The company's strengths in technology, partnerships, and market responsiveness position it well for success, despite facing challenges in operations and financing.
With a proactive approach to opportunities in the U.S. market, strategic planning for raw material sourcing, and a focus on customer needs, FREYR demonstrates a promising outlook for 2023.

FREYR Battery Inc reports Q1 milestones and financing pursuits

FREYR Battery Inc made strides in Q1 2023 towards becoming a key player in the battery supply industry, despite reporting a net loss. The company is actively securing financing and raw materials for their projects, with a focus on capacity expansions. Challenges include safety incidents and awaiting government support for capital allocation decisions.

FREYR Battery Inc progresses on $1B equity raise and market positioning

FREYR Battery Inc's Q2 2023 earnings call highlighted operational progress, financial updates, and strategic initiatives for project financing and market positioning.
The company's leadership transition, focus on specialized products, and commitment to efficiency and sustainability position it well for market demand and industry growth.
Challenges in market competition, financing, and performance validation underscore the need for strategic management and innovation to drive success and investor confidence.
Opportunities in energy storage demand, government financing partnerships, and investor engagement present avenues for growth, market expansion, and revenue generation for FREYR.
FREYR Battery Inc advances operational and financial strategies for growth

FREYR reports Q3 loss, focuses on cost-cutting and strategic partnerships

FREYR is navigating challenges at CQP and Giga Arctic while focusing on cost reduction and strategic partnerships.
The company is strengthening its technology capabilities and pursuing opportunities in the ESS market.
Despite financial losses, FREYR aims to extend its cash runway through disciplined financial management.
Redomiciling to the U.S. showcases a strategic move to align with the country's battery manufacturing support.

FREYR Battery reports Q4 loss, eyes Giga America project success

FREYR Battery's Q4 2023 earnings call highlighted a mix of challenges and opportunities amidst rapid market growth. The company's focus on technology innovation, capital formation, and strategic partnerships positions it well for future success in the EV and energy storage sectors.

FREYR Battery reports Q1 loss, strong cash position; eyes growth

FREYR Battery is making strides in technology strategy and market focus, aiming to become a leading battery producer. Despite a net loss, the company ended Q1 2024 with a strong cash position and no debt. Challenges in financial optimization and capital discipline persist, but opportunities in the battery sector and project pipelines offer growth potential.

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FREYR Battery, Inc. engages in developing battery solutions. It focuses on energy storage systems and commercial mobility. The company was founded by Tom Einar Jensen, Peter Matrai, and Tore Ivar Slettemoen on August 31, 2023 and is headquartered in Newnan, GA.

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has entered into an agreement with HENT AS (“HENT”), one of Norway's largest general contractors and project developers. HENT will be responsible for the planning, project management and construction of FREYR's 120,000 square-meter battery factory building including facilities and infrastructure in Mo i Rana, Norway, known as Giga A

FREYR Battery Enters into Agreement with HENT AS to Construct Giga Arctic Battery Production Facility

Norwegian company FREYR Battery emerges from nowhere, but with strong national support, to be a major battery manufacturer. Technology licensed from Boston lithium battery innovator 24M.

FREYR: Norwegian Lithium Battery Company Targets Manufacturing In U.S. And Europe

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The lithium-ion battery start-up still has the backing of Wall Street.

Why Freyr Battery Is Tumbling Today

88% technical buy signals. 9 new highs and up 50.10% in the last month.

FREYR Battery - Fully Charged

Source: asharkyu / Shutterstock.com Freyr (NYSE: FREY ) stock is soaring higher following an upgrade by acclaimed Morgan Stanley analyst Adam Jonas. The analyst increased his price target to $26 from $18 and highlighted the battery company as a top pick.

5 Investors Betting Big on Freyr (FREY) Stock

Freyr Battery SA (NYSE: FREY) is up nearly 20% this morning after a Morgan Stanley analyst named it his top pick – a title previously held by Ferrari.

Morgan Stanley sees a 300% upside in this EV battery maker

The lithium-ion battery start-up got a ringing endorsement from a Morgan Stanley analyst.

Why Freyr Battery Is Soaring Today

Source: asharkyu / Shutterstock.com Freyr Battery (NYSE: FREY ) stock is a hot topic among traders on Wednesday after Morgan Stanley weighed in on the electric vehicle (EV) company. That comes from Morgan Stanley analyst Adam Jonas.

Why Freyr Battery (FREY) Stock Could Be the Best EV Bet

The time is "ripe" for Norwegian battery maker Freyr Battery FREY, +13.24% , Morgan Stanley analysts led by Adam Jonas said in a note Wednesday, increasing their price target on the stock to $26 and setting a "bull case" to $60, which would represent an upside of nearly 300% over Tuesday's share price. "The environment is becoming ripe for FREY to become a real player in the global battery economy later this decade," with Freyr inking important agreements and hitting operational milestones and also benefiting from the U.S.'s Inflation Reduction Act, the analysts said.

Freyr Battery a top pick for Morgan Stanley, 'bull case' at $60

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NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has awarded an agreement to U.K.-based Mpac Group (“Mpac”), featuring its Lambert product line for automated casting and unit cell assembly equipment for its planned battery cell production facilities in Norway. The process of casting and unit assembly is considered the heart of the battery production facility and a vital step in te

FREYR Battery Selects Mpac Group to Deliver Cell Manufacturing Equipment for Giga Arctic

FREYR Battery announced that the off-take agreement with Nidec was converted to a sales agreement and also expanded. Near-term catalysts for the stock are further conversions of its off-take agreements. Giga Arctic looks promising as the most capital efficient and most sustainable gigafactory in the world.

FREYR: Growing Ambitions For Rising, Undiscovered Global Battery Player

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NEW YORK, OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has awarded an agreement to Italy-based NTE Process to supply a complete and integrated drying and powder handling system for FREYR's planned battery cell Gigafactory in Norway, known as Giga Arctic. NTE Process is a service-oriented industrial automation and bulk material handling company that delivers custom solutions to their part

FREYR Battery Selects NTE Process as Equipment Supplier

Investors were very bullish about a new supply deal signed by the company.

Why Freyr Battery Was an Electric Stock Today

Source: Illus_man/Shutterstock FREYR Battery (NYSE: FREY ) stock is one of the few bright spots of the market today, currently trending up more than 8% on a new battery agreement. This morning, Freyr announced a binding sales agreement with Japanese electronics company Nidec (OTCMKTS: NJDCY ).

Freyr Battery (FREY) Stock Rises 8% on Nidec Partnership

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Nidec Corporation (TSE: 6594) (“Nidec”), a globally leading producer of high-efficiency electric motors and leader in the ESS space, have announced the finalization of an expanded 38 GWh battery cell sales agreement from 2025 – 2030. Additionally, the companies have agreed to form a downstream joint venture in which Nidec will h

FREYR Battery Announces the Execution of 38 GWh Li-Ion Battery Binding Cell Sales Agreement and Entry into Module & Pack Joint Venture for Energy Storage Solutions with Nidec Corporation

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, will conduct a press meeting at ONS Stavanger in Hall 10 on Tuesday, August 30 at 8:00 am CET (02:00 am EST). A webcast of the press conference call will be broadcast simultaneously at https://vimeo.com/743463440 on a listen-only basis. To register your physical attendance at the press conference at ONS, please contact: katrin.bernt

FREYR Battery Invites to a Press Meeting

FREYR is a future li-ion battery producer, leveraging private company 24M's novel lithium-ion production process. The company plans to have manufactured online by 2025, with a target of 43 GWh of capacity per year.

FREYR Battery: Cautious Following Wall St. Upgrade

An analyst expects this stock to fly significantly higher, and investors are taking notice.

Why Shares of Freyr Battery Are Charging Higher Today

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR” or the “company”), a developer of clean, next-generation battery cell production capacity, has awarded a strategic alliance frame agreement to South Korea-based Hana Technology Co. Ltd (“Hana Technology”). Together, the two companies will jointly develop equipment and automation solutions for FREYR's Customer Qualification Plant (“CQP”) in Mo i Rana, Norway, as well as for FREYR's planned Gigafactories. H

FREYR Battery Enters Strategic Partnership with Hana Technology

NEW YORK, OSLO & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced the appointment of Michael J. Brose to the newly created position of Vice President of U.S. Operations. Before his appointment at FREYR, Brose was the Chicago-based plant manager for WR Grace, a supplier of high-performance chemicals and materials. “The U.S. is a key strategic market and a central element of our expansion roadm

FREYR Battery Appoints Head of U.S. Operations

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has opened its first U.S.-based technology center in Boston in accordance with the company's expansion strategy. Listed on the New York Stock Exchange, FREYR is collaborating with its joint venture (“JV”) partners from Koch Strategic Platforms (“KSP”) to accelerate the development of Giga America, the company's first U.S. Gigafactor

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