FREYR Battery: Undiscovered Battery Player Rising Above The Rest

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

Summary

  • 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.

Petmal

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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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. 

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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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