FREYR Battery: Undiscovered Battery Player Rising Above The Rest

Nov. 15, 2022 8:15 AM ETFREYR Battery (FREY)25 Comments


  • FREYR is seeing strong traction with 130 GWh of off-take agreements, both conditional and firm, with a focus on converting conditional off-take agreements to firm off-take agreements.
  • The management continues to work towards and is in advanced discussions to potentially bring in an off-take agreement for the electric mobility segment.
  • FREYR is boosting its supply chain, which has the necessary material almost until 2028, and the company is positioning itself for new opportunities along the battery value chain.
  • Giga America brings new geographical diversification and resilience as FREYR demonstrates it is able to replicate its business model in both Europe and the United States.
  • My price target for FREY stock is $31.70, which implies an upside potential of 108% from current levels.

Concept of container Li-ion energy storage system. Renewable energy power plants - photovoltaics, wind turbine farm and battery container. 3d rendering.


Investment thesis

I have written an earlier article on FREYR (NYSE:FREY), and I continue to see FREYR as an attractive investment opportunity with huge upside. My investment case for FREYR is as follows:

  • FREYR is able to use 24M

This article was written by

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High conviction growth and value ideas for long-term outperformance

I am a portfolio manager with experience working for a hedge fund and a long-only equity fund with more than $1 billion in assets under management and I have a track record for outperformance in my portfolio. I have been writing consistently, with an article published each day on Seeking Alpha and on my Marketplace service.

Focused on long term investing, I believe in a barbell strategy in a portfolio, where there are both growth and value elements, which will be reflected in my articles. 

I will be running a Marketplace service, Outperforming the Market, where I will share with you The Barbell Portfolio, which consists of high conviction growth and value stocks to help you outperform in the long-term, as well as The Price Target Report, which tells subscribers how much discount the stock is trading to intrinsic value and the upside potential. Lastly, subscribers will be able to get direct access to me and can ask me anything about the investment process or stock picks.

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Disclosure: I/we have a beneficial long position in the shares of FREY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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