FREYR Battery Closes Transformative Acquisition of Trina Solar’s U.S. Manufacturing Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
0mins
Source: Businesswire
FREYR Battery Acquisition: FREYR Battery has completed the acquisition of Trina Solar's U.S. solar manufacturing assets, including a 5 GW solar module facility in Texas, which is expected to reach full production by H2 2025 and create up to 1,800 jobs.
Financial Overview and Future Plans: The total consideration for the acquisition includes cash, loan notes, and stock, with FREYR projecting an EBITDA of $75 - $125 million for 2025 and plans to establish a solar cell manufacturing facility by Q2 2025.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
