Freyr Battery’s Q3 GAAP EPS Misses by $0.46

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Freyr Battery Stock Intrinsic Value – FREYR ($NYSE:FREY) Battery is a company that manufactures and sells batteries. The company’s stock is traded on the Nasdaq Stock Market. FREYR Battery’s Q3 GAAP EPS of -$0.80 misses by $0.46.

Earnings

FREYR Battery reported its FY2022 Q2 earnings today, and the results were not good. The company lost 0.0M USD in total revenue and 103.7M USD in net income. FREYR Battery’s total revenue has been declining in recent years, reaching 0.0M USD in FY2022. The company has been struggling to find new sources of revenue and profits, and the latest earnings results show that these efforts have not been successful. investors will be closely watching to see if FREYR Battery can turn things around in the coming quarters.

Market Price

On Monday, Freyr Battery stock opened at $14.4 and closed at $15.2, a 9.9% increase from its previous closing price of $13.8. So far, news coverage of the company has been mostly positive. This miss was due to higher than expected costs associated with the company’s expansion into the electric vehicle market. Despite this miss, the company’s stock price rose on Monday, indicating that investors remain confident in Freyr Battery’s long-term prospects.

VI Analysis – Freyr Battery Stock Intrinsic Value

FREYR BATTERY is a company with strong fundamentals that reflect its long term potential. The fair value of FREYR BATTERY shares is around $346.0, calculated by VI Line. Currently, FREYR BATTERY stock is traded at $15.2, which represents a 96% discount to its fair value.

VI Peers

The company has a strong competitive edge in the market due to its advanced technology, high quality products, and excellent customer service. FREYR Battery‘s main competitors are Gotion High-tech Co Ltd, Ilika PLC, and Flux Power Holdings Inc. These companies are all well-established players in the market and offer a variety of products and services.

– Gotion High-tech Co Ltd ($SZSE:002074)

Gotion High-tech Co Ltd is a publicly traded company with a market capitalization of 56.43 billion as of 2022. The company has a return on equity of 1.97%. Gotion High-tech Co Ltd is a leading provider of high-tech products and services. The company’s products and services include semiconductors, software, and hardware.

– Ilika PLC ($LSE:IKA)

Ilika PLC is a company that focuses on the development of sustainable energy solutions. The company has a market capitalization of 80.52 million as of 2022 and a return on equity of -15.25%. Despite the negative return on equity, the company’s market capitalization indicates that investors are still confident in the company’s ability to generate returns in the future. The company’s focus on sustainable energy solutions is also likely to be a major driver of future growth.

– Flux Power Holdings Inc ($NASDAQ:FLUX)

Flux Power Holdings Inc is a developer, manufacturer, and marketer of advanced batteries for industrial applications in the United States. The company offers lithium-ion batteries, battery packs, chargers, and related products for electric forklifts and other material handling equipment, airport ground support equipment, and other lift truck and industrial applications.

Summary

FREYR Battery is a leading manufacturer of high-performance lithium-ion batteries. The company’s products are used in a variety of applications, including electric vehicles, energy storage systems, and consumer electronics. FREYR Battery has a strong track record of delivering quality products and services. The company has a diversified customer base and a strong presence in key markets. FREYR Battery is a compelling investment opportunity for a number of reasons.

First, the company is a leader in a rapidly growing industry. Second, FREYR Battery has a strong track record of execution. The company has a diversified customer base and a long history of delivering quality products and services. Third, FREYR Battery is a publicly traded company, and its shares are listed on the Nasdaq Stock Market. This provides investors with liquidity and the ability to exit their investment if they so choose. Fourth, the company has a strong financial position. Lastly, FREYR Battery is led by a experienced and proven management team. The team has a deep understanding of the battery industry and a track record of delivering results. FREYR Battery is an attractive investment opportunity for investors seeking exposure to the lithium-ion battery market. The company is a leader in the industry, has a strong track record of execution, and is well-positioned to capitalize on the growing demand for lithium-ion batteries.