FREYR Battery: Why I Am Bearish [Seeking Alpha]
FREYR Battery, Inc. (FREY)
Company Research
Source: Seeking Alpha
The company's liquidity is a concern, with its market cap currently lower than its cash balance, albeit with a cash runway of two years. FREYR's outlook for 2024 relies heavily on a government loan application, making it a risky investment as a pre-revenue company in a competitive space. It's odd to be bearish on a pick-and-shovel play on one of the most material structural shifts in the global economy in a generation but I'm bearish on FREYR Battery ( NYSE: FREY ). The energy storage firm is set to provide conventional and semi-solid lithium-ion batteries for utility and industrial-scale energy applications. There is a growing backlog of solar and wind energy projects in the US that are set to drive a generational ramp in energy storage demand. However, FREY is operating in an incredibly crowded market for ESS that is being pursued by behemoths like Tesla ( TSLA ) with its Megapack, upstarts like Stem ( STEM ), and Siemens-backed Fluence Energy ( FLNC ) among others. Hence, in
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FREY
News
- FREYR Battery Announces First Quarter 2024 Earnings Release and Conference Call Schedule [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Announces First Quarter 2024 Earnings Release and Conference Call ScheduleBusiness Wire
- FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of Directors [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Announces the Appointments of Todd Kantor, Tore Ivar Slettemoen, and David Manners to the Board of DirectorsBusiness Wire
- Why Electric Vehicle and Affiliated Stocks Zoomed Higher Today [Yahoo! Finance]Yahoo! Finance
FREY
Earnings
- 2/29/24 - Beat
FREY
Sec Filings
- 4/24/24 - Form 3/A
- 4/24/24 - Form 4/A
- 4/24/24 - Form 4/A
- FREY's page on the SEC website