Wednesday, September 21, 2022 3:28:59 PM
The time is "ripe" for Norwegian battery maker Freyr Battery , 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. Moreover, Freyr is one of the few publicly traded pure plays in the energy storage systems universe, they said. The analysts kept their rating on Freyr at the equivalent of buy. The stock has gained more than 30% so far this year, contrasting with losses of nearly 19% for the S&P 500 index.
-Claudia Assis
(END) Dow Jones Newswires
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Recent FREY News
- FREYR Battery Announces First Quarter 2024 Earnings Release and Conference Call Schedule • Business Wire • 04/23/2024 10:00:00 AM
- FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors • Business Wire • 04/19/2024 10:00:00 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 09:06:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 11:50:12 AM
- FREYR Battery Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 02/29/2024 11:01:00 AM
- FREYR Battery Provides Operations and Financial Update • Business Wire • 02/07/2024 11:00:00 AM
- FREYR Battery Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule • Business Wire • 02/06/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:41:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:41:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:40:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:39:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 09:37:52 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 01/12/2024 09:34:09 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 01/04/2024 10:02:31 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 01/04/2024 09:53:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 11:50:13 AM
- FREYR Battery Completes Redomicile from Luxembourg to the U.S. • Business Wire • 01/02/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 12:55:09 PM
- FREYR Battery Receives Invitation from U.S. Department of Energy to Submit Part II Application for Giga America Title 17 Loan • Business Wire • 12/18/2023 11:02:00 AM
- FREYR Battery Receives Shareholder Approval for Redomicile from Luxembourg to the U.S. • Business Wire • 12/18/2023 11:01:00 AM
- Leading Independent Proxy Advisory Firms Recommend Shareholders Vote “FOR” the Redomicile of FREYR Battery from Luxembourg to the U.S. • Business Wire • 12/11/2023 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/07/2023 01:22:31 PM
- FREYR Battery Provides Operations Update • Business Wire • 11/29/2023 11:28:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 01:53:05 PM
- FREYR Battery Announces New Organizational Structure and Leadership Changes • Business Wire • 11/27/2023 11:05:00 AM
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