Laidlaw Wealth Management LLC Acquires 30,500 Shares of FREYR Battery, Inc. (NYSE:FREY)

Laidlaw Wealth Management LLC increased its stake in FREYR Battery, Inc. (NYSE:FREY) by 217.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,500 shares of the company’s stock after buying an additional 30,500 shares during the period. Laidlaw Wealth Management LLC’s holdings in FREYR Battery were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of FREYR Battery by 93.3% in the third quarter. SG Americas Securities LLC now owns 43,228 shares of the company’s stock worth $42,000 after acquiring an additional 20,860 shares during the last quarter. Jennison Associates LLC grew its stake in shares of FREYR Battery by 0.7% in the third quarter. Jennison Associates LLC now owns 1,327,877 shares of the company’s stock worth $1,288,000 after acquiring an additional 9,667 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of FREYR Battery in the third quarter worth $29,000. BNP Paribas Financial Markets grew its stake in shares of FREYR Battery by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 55,575 shares of the company’s stock worth $54,000 after acquiring an additional 35,928 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FREYR Battery by 45.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock worth $996,000 after acquiring an additional 320,217 shares during the last quarter. Institutional investors own 52.31% of the company’s stock.

Analysts Set New Price Targets

Separately, BTIG Research raised FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Friday, December 20th.

Insider Transactions at FREYR Battery

In related news, CFO Joseph Evan Calio acquired 125,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $1.74 per share, with a total value of $217,500.00. Following the completion of the purchase, the chief financial officer now directly owns 255,600 shares of the company’s stock, valued at $444,744. This represents a 95.71 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director now directly owns 6,616,105 shares in the company, valued at $11,048,895.35. This trade represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 804,292 shares of company stock valued at $1,439,009 over the last quarter. 20.40% of the stock is currently owned by company insiders.

FREYR Battery Stock Performance

Shares of NYSE:FREY opened at $1.96 on Thursday. The stock has a market capitalization of $274.66 million, a price-to-earnings ratio of -2.57 and a beta of 0.94. The stock’s 50-day simple moving average is $2.21 and its two-hundred day simple moving average is $1.67. FREYR Battery, Inc. has a 52-week low of $0.91 and a 52-week high of $3.36.

FREYR Battery Company 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.