UPDATE: Morgan Stanley Starts FREYR Battery SA (FREY) at Overweight

August 3, 2021 5:18 PM EDT
Get Alerts FREY Hot Sheet
Price: $9.61 -1.13%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - August 4, 2021 8:49 AM EDT)

Morgan Stanley analyst Adam Jonas initiates coverage on FREYR Battery SA (NYSE: FREY) with a Overweight rating and a price target of $18.00.

The analyst commented, "We believe FREYR (FREY) offers a more compelling strategy and favorable risk-reward skew. We are also attracted to FREY's business model because it helps mitigates some important environmental externalities associated with the EV ecosystem. FREY's decision to outsource the semi-solid cell technology from 24M is meant to lower execution risk and accelerate time to production in the unique Norwegian industrial ecosystem. This leads us to initiate coverage on FREY at Overweight offering 101% upside to our DCF derived $18 price target."

For an analyst ratings summary and ratings history on FREYR Battery SA click here. For more ratings news on FREYR Battery SA click here.

Shares of FREYR Battery SA closed at $8.75 yesterday.

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