Why Freyr Battery Stock Was a Winner on Wednesday [Yahoo! Finance]
FREYR Battery, Inc. (FREY)
Company Research
Source: Yahoo! Finance
They traded the electric-vehicle (EV) battery developer's share price up by more than 10% across the day. That performance was positively electric, compared to that of the S&P 500 index, which ended Wednesday flat. First-quarter beat on the bottom line For the period, Freyr -- which is, as the term goes, a pre-revenue company -- earned exactly $0 on the top line. Its operating expenses held more or less steady at just under $35 million for the quarter, while a drop in other income (such as interest income) ended in a deeper net loss. This came in at $28.7 million ($0.20 per share) against the $12.7 million shortfall of 2023's first quarter. While analysts tracking the EV battery developer were collectively estimating it would earn a little scratch on the top line, at $1.5 million, they were also modeling a deeper net loss of $0.24 per share. Freyr management also provided several operational updates in its earnings release. It said its customer qualification plant (CQP) rema
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FREY
News
- HENT wins contract for new Bodø Airport terminal in Norway [Yahoo! Finance]Yahoo! Finance
- FREYR Battery (NYSE:FREY) Will Have To Spend Its Cash Wisely [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Provides Operations Update [Yahoo! Finance]Yahoo! Finance
- FREYR Battery Provides Operations UpdateBusiness Wire
- FREYR Battery to Participate in TD Cowen's Sustainability Week Conference [Yahoo! Finance]Yahoo! Finance
FREY
Earnings
- 2/29/24 - Beat
FREY
Sec Filings
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- 5/8/24 - Form 10-Q
- FREY's page on the SEC website