What's Going On With FREYR Battery Stock On Tuesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
0mins
Source: Benzinga
Acquisition and Production Plans: FREYR Battery, Inc. has successfully acquired Trina Solar's 5 GW solar module manufacturing facility in Texas, which includes significant financial components and debt assumptions. The plant is on track for full production by the second half of 2025, with plans to start construction on a U.S. solar cell facility in early 2025.
Financial Outlook: FREYR reiterated its EBITDA guidance for 2025, aiming for $75 million–$125 million, with a long-term goal of achieving an annual EBITDA of $650 million–$700 million. Despite a recent EPS loss, the company's shares have increased by 13.30%.
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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.
