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FREYR Battery (FREY) Expected to Announce Quarterly Earnings on Monday

Published 2 months ago3 minute read

FREYR Battery (NYSE:FREY - Get Free Report) is expected to release its earnings data before the market opens on Monday, March 17th. Analysts expect FREYR Battery to post earnings of ($0.18) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Shares of NYSE FREY opened at $1.39 on Friday. The firm's 50 day moving average price is $1.92 and its 200-day moving average price is $1.69. The company has a market cap of $195.28 million, a PE ratio of -1.83 and a beta of 0.94. FREYR Battery has a 52-week low of $0.91 and a 52-week high of $3.36.

Separately, BTIG Research upgraded shares of FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 target price on the stock in a research note on Friday, December 20th.

Get Our Latest Research Report on FREY

In related news, Director Tore Ivar Slettemoen sold 391,071 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $1.88, for a total transaction of $735,213.48. Following the transaction, the director now owns 5,080,446 shares in the company, valued at $9,551,238.48. This represents a 7.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph Evan Calio acquired 50,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $1.57 per share, for a total transaction of $78,500.00. Following the transaction, the chief financial officer now owns 680,462 shares of the company's stock, valued at $1,068,325.34. This trade represents a 7.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 20.40% of the company's stock.

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FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.

Earnings History for FREYR Battery (NYSE:FREY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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