38,580 Shares in FREYR Battery, Inc. (NYSE:FREY) Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of FREYR Battery, Inc. (NYSE:FREY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 38,580 shares of the company’s stock, valued at approximately $100,000.

A number of other hedge funds have also modified their holdings of FREY. Truist Financial Corp bought a new position in FREYR Battery in the fourth quarter valued at approximately $26,000. Cibc World Markets Corp bought a new position in FREYR Battery in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in FREYR Battery in the fourth quarter valued at approximately $28,000. Dynamic Technology Lab Private Ltd bought a new position in FREYR Battery in the fourth quarter valued at approximately $31,000. Finally, Raymond James Financial Inc. bought a new position in FREYR Battery in the fourth quarter valued at approximately $36,000. 52.31% of the stock is currently owned by institutional investors.

FREYR Battery Stock Down 7.1%

FREY stock opened at $1.18 on Monday. The business has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.77. The company has a market cap of $165.78 million, a price-to-earnings ratio of -1.55 and a beta of 0.94. FREYR Battery, Inc. has a twelve month low of $0.91 and a twelve month high of $3.36.

About FREYR Battery

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.