BNP Paribas Financial Markets Buys 35,928 Shares of FREYR Battery, Inc. (NYSE:FREY)

BNP Paribas Financial Markets raised its stake in FREYR Battery, Inc. (NYSE:FREY) by 182.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,575 shares of the company’s stock after acquiring an additional 35,928 shares during the quarter. BNP Paribas Financial Markets’ holdings in FREYR Battery were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FREY. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in FREYR Battery during the 2nd quarter worth approximately $676,000. SG Americas Securities LLC bought a new position in FREYR Battery during the 2nd quarter worth $38,000. Susquehanna Fundamental Investments LLC bought a new position in FREYR Battery during the 2nd quarter worth $218,000. Jennison Associates LLC lifted its holdings in shares of FREYR Battery by 0.7% during the third quarter. Jennison Associates LLC now owns 1,327,877 shares of the company’s stock worth $1,288,000 after buying an additional 9,667 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of FREYR Battery in the second quarter valued at about $170,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FREYR Battery

In related news, Director Tore Ivar Slettemoen sold 184,621 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1.67, for a total value of $308,317.07. Following the sale, the director now directly owns 6,616,105 shares of the company’s stock, valued at $11,048,895.35. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joseph Evan Calio bought 50,000 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $1.57 per share, with a total value of $78,500.00. Following the purchase, the chief financial officer now owns 680,462 shares of the company’s stock, valued at approximately $1,068,325.34. This represents a 7.93 % increase in their position. The disclosure for this purchase can be found here. 20.40% of the stock is currently owned by insiders.

FREYR Battery Stock Performance

NYSE:FREY opened at $1.81 on Friday. FREYR Battery, Inc. has a 52 week low of $0.91 and a 52 week high of $2.85. The firm’s 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.51. The firm has a market cap of $254.29 million, a price-to-earnings ratio of -2.38 and a beta of 1.03.

FREYR Battery (NYSE:FREY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter last year, the company posted ($0.07) earnings per share.

FREYR Battery Profile

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.