FREYR Battery (FREY)

Company Profile

freyr is a norwegian incorporated company developing a combined 32+2 gwh lithium ion battery facility and 600 mw onshore wind-park in rana and nesna municipalities in norway. the company’s products will target the rapidly expanding ev market in europe and develop additional markets in the marine, stationary storage, short-haul aviation and offshore segments through cluster-based r&d initiatives with leading norwegian and european institutions and companies.

Company profile

Ticker

FREY, FREY-WT

Exchange

NYSE

Website

freyrbattery.com

CEO

Tom-Einar Rysst Jensen

Incorporated

Luxembourg

Location

Luxembourg

Fiscal year end

Dec 31

Industry (SIC)

Miscellaneous Electrical Machinery, Equipment & Supplies

Spectrum Brands • Enersys • Sunrun • Energizer • Atkore • Fluence Energy • Novanta • CBAK Energy Technology • Advent Technologies • QuantumScape ...

SEC CIK

0001844224

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FREYR Battery US Holding, Inc. • Alussa Energy Acquisition Corp. • FREYR Battery UK, Ltd • FREYR Battery US, LLC ...

FREY stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

FREYR Battery Appoints Jessica Wirth Strine to Board of Directors

27 Nov 23

8-K

Regulation FD Disclosure

15 Nov 23

8-K

FREYR Battery Reports Third Quarter 2023 Results

9 Nov 23

FREYR Battery Provides Update on U.S. Redomiciling

6 Nov 23

8-K

Entry into a Material Definitive Agreement

18 Oct 23

8-K

Entry into a Material Definitive Agreement

10 Aug 23

FREYR Battery Announces Appointments to Senior Management and Board of Directors

10 Aug 23

Transcripts

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FREY

Earnings call transcript

2023 Q3

9 Nov 23

FREY

Earnings call transcript

2023 Q2

10 Aug 23

FREY

Earnings call transcript

2023 Q1

15 May 23

FREY

Earnings call transcript

2022 Q4

27 Feb 23

FREY

Earnings call transcript

2022 Q3

15 Nov 22

FREY

Earnings call transcript

2022 Q2

8 Aug 22

FREY

Earnings call transcript

2021 Q2

12 Aug 21

Latest ownership filings

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Notice of proposed sale of securities

30 Aug 23

144

Notice of proposed sale of securities

Encompass Capital Advisors LLC

Wood River Capital, LLC

7 Dec 22

SC 13D/A

Alussa Energy Sponsor LLC

29 Jul 22

Financial summary

Financial statements Chart FREY financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	327.86 mm	327.86 mm	327.86 mm	327.86 mm	327.86 mm	327.86 mm
Cash burn (monthly)	18.64 mm	7.56 mm	11.67 mm	11.52 mm	6.42 mm	5.92 mm
Cash used (since last report)	39.82 mm	16.15 mm	24.93 mm	24.59 mm	13.71 mm	12.64 mm
Cash remaining	288.04 mm	311.71 mm	302.94 mm	303.27 mm	314.15 mm	315.23 mm
Runway (months of cash)	15.5	41.2	26.0	26.3	48.9	53.3

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

FREY institutional ownership history Ownership history

70.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	150	153	-2.0%
Opened positions	25	16	+56.3%
Closed positions	28	34	-17.6%
Increased positions	51	51	–
Reduced positions	38	39	-2.6%

13F shares	Current	Prev Q	Change
Total value	259.34 bn	453.83 bn	-42.9%
Total shares	98.96 mm	95.36 mm	+3.8%
Total puts	1.57 mm	906.00 k	+73.8%
Total calls	1.80 mm	1.10 mm	+64.6%
Total put/call ratio	0.9	0.8	+5.6%

Largest owners	Shares	Value	Change
Kim	11.50 mm	$56.24 bn	0.0%
Wood River Capital	11.50 mm	$151.11 mm	0.0%
Alussa Energy Sponsor	11.15 mm	$95.90 mm	0.0%
Encompass Capital Advisors	10.15 mm	$49.63 bn	+46.0%
Ats As	9.23 mm	$81.22 mm	0.0%
Teknovekst Invest AS	6.98 mm	$58.29 mm	0.0%
Handelsbanken Fonder AB	5.61 mm	$27.42 mm	-2.7%
Southpoint Capital Advisors	5.00 mm	$24.45 bn	+38.9%
MS Morgan Stanley	3.14 mm	$15.33 bn	-26.1%
Long Focus Capital Management	2.16 mm	$10.58 bn	+59.7%

Largest transactions	Shares	Bought/sold	Change
Encompass Capital Advisors	10.15 mm	+3.20 mm	+46.0%
Southpoint Capital Advisors	5.00 mm	+1.40 mm	+38.9%
AMF Pensionsforsakring AB	1.40 mm	+1.40 mm	NEW
MS Morgan Stanley	3.14 mm	-1.11 mm	-26.1%
Candlestick Capital Management	0.00	-1.05 mm	EXIT
Long Focus Capital Management	2.16 mm	+808.55 k	+59.7%
Decade Renewable Partners	0.00	-620.30 k	EXIT
HITE Hedge Asset Management	806.02 k	+434.73 k	+117.1%
Millennium Management	525.43 k	-392.78 k	-42.8%
Luxor Capital	374.00 k	+374.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.