The Latest Breaking News from FREY

Freyr Battery reported a wider-than-expected loss, but analysts are bullish on FREY stock with a Georgia gigafactory site picked.

The Federal Reserve answered stock market investors on Wednesday afternoon, lifting rates an expected 75 basis points and posting an aggressive "dot plot" (interest rate road map) into 2024. The Nasdaq reversed course and added 0.7%, while the S&P 500 recouped 0.5%. The Dow Jones Industrial Average gained 0.2%. Small…

FREYR Battery SA's (NYSE:FREY) first-quarter net loss widened to $(34.91) million from $(11.89) million a year ago. Loss from operations was $(27.6) million versus $(11.92) million in 1Q21. EPS loss narrowed to $(0.30) from $(0.32) last year, missing the consensus of $(0.14). As of March 31, 2022, FREYR held cash and equivalents of…

The electric vehicle (EV) battery market is growing amid emission control initiatives worldwide and growing consumer interest in EVs. In addition, significant government funding, which is expected to be made available in the coming months, should further support the industry’s growth. Given the industry’s positive prospects, Wall Street analysts see…

With rising worries about climate change and increasing government support, the electric vehicle (EV) market is expected to grow substantially. This should in turn propel the EV battery industry’s growth. Therefore, Wall Street analysts expect the shares of quality EV battery stocks QuantumScape (QS), Solid Power (SLDP), and FREYR (FREY)…

Honeywell International Inc (NASDAQ:HON) and FREYR Battery SA (NYSE:FREY) have inked an agreement to deploy energy storage solutions via next-generation battery cells. As part of the collaboration, Honeywell will purchase 19 GWh of battery cells produced by FREYR from 2023 through 2030 for a multitude of energy storage systems applications. Financial terms not disclosed. FREYR…