FREYR Battery (FREY) Stock Forecast, Price Target & Predictions


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FREY Stock Forecast


FREYR Battery stock forecast is as follows: an average price target of $19.00 (represents a 804.76% upside from FREY’s last price of $2.10) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

FREY Price Target


The average price target for FREYR Battery (FREY) is $19.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $13.00. This represents a potential 804.76% upside from FREY's last price of $2.10.

FREY Analyst Ratings


Buy

According to 3 Wall Street analysts, FREYR Battery's rating consensus is 'Buy'. The analyst rating breakdown for FREY stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

FREYR Battery Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 29, 2023Adam JonasMorgan Stanley$13.00$9.1442.23%519.05%
Sep 22, 2022Adam JonasMorgan Stanley$26.00$15.7764.87%1138.10%
Sep 01, 2022-BTIG$25.00$14.2475.56%1090.48%
Aug 24, 2022Philipp KonigGoldman Sachs$19.00$10.5779.75%804.76%
Jun 21, 2022Philipp KonigGoldman Sachs$8.00$7.417.96%280.95%
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The latest FREYR Battery stock forecast, released on Jun 29, 2023 by Adam Jonas from Morgan Stanley, set a price target of $13.00, which represents a 42.23% increase from the stock price at the time of the forecast ($9.14), and a 519.05% increase from FREY last price ($2.10).

FREYR Battery Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$2.10$2.10$2.10
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of FREYR Battery stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to FREYR Battery's last price of $2.10. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jan 12, 2023Goldman SachsBuyBuyHold
Sep 22, 2022Morgan StanleyOverweightOverweightHold
Sep 01, 2022BTIGBuyBuyHold
Aug 24, 2022Goldman SachsNeutralBuyUpgrade
Jun 21, 2022Goldman Sachs-NeutralInitialise
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FREYR Battery's last stock rating was published by Goldman Sachs on Jan 12, 2023. The company gave FREY a "Buy" rating, the same as its previous rate.

FREYR Battery Financial Forecast


FREYR Battery Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Sep 22Jun 22
Revenue--------------------------
Avg Forecast$480.60M$328.25M$199.18M$111.24M$58.56M$25.26M$7.76M$2.98M$5.63M$3.75M$2.81M$1.88M$940.00K$380.00K$337.50K$281.25K$440.00K$177.50K$45.00K$76.25K$500.00K$83.33K$1.39M$1.39M$1.24M$3.00M
High Forecast$513.26M$350.56M$212.71M$118.80M$62.54M$26.97M$8.28M$3.18M$6.01M$4.00M$3.00M$2.00M$1.00M$405.82K$360.44K$290.95K$488.89K$189.56K$48.06K$76.38K$533.98K$83.50K$1.49M$1.49M$1.24M$3.60M
Low Forecast$447.94M$305.94M$185.64M$103.68M$54.58M$23.54M$7.23M$2.78M$5.24M$3.50M$2.62M$1.75M$876.12K$354.17K$314.56K$271.55K$391.11K$165.44K$41.94K$76.13K$466.02K$83.17K$1.30M$1.30M$1.24M$2.40M
# Analysts111111111111111221111111513
Surprise %--------------------------

FREYR Battery's average Quarter revenue forecast for undefined based on undefined analysts is $NaN, with a low forecast of $NaN, and a high forecast of $NaN. FREY's average Quarter revenue forecast represents a NaN% decrease compared to the company's last Quarter revenue of $NaN (undefined).

FREYR Battery EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111221111111513
EBITDA---------------------$-35.01M$-53.16M$-53.03M$-27.54M$-30.40M
Avg Forecast-------------------------$-60.93M
High Forecast-------------------------$-48.75M
Low Forecast-------------------------$-73.12M
Surprise %-------------------------0.50%

undefined analysts predict FREY's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than FREYR Battery's previous annual EBITDA (undefined) of $NaN.

FREYR Battery Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111221111111513
Net Income---------------------$-9.79M$-12.90M$84.11M$-158.66M$40.87M
Avg Forecast--------$-23.78M$-22.84M$-22.69M$-22.53M$-22.48M$-22.48M$-22.48M$-22.48M$-21.07M$-23.88M$-25.99M$-26.69M$-34.28M$-41.55M$-40.55M$-29.39M$-41.44M$9.05M
High Forecast--------$-21.68M$-20.82M$-20.68M$-20.54M$-20.49M$-20.49M$-20.49M$-20.49M$-16.39M$-21.77M$-23.70M$-24.33M$-31.25M$-37.88M$-36.96M$-26.79M$-41.44M$10.87M
Low Forecast--------$-25.89M$-24.86M$-24.69M$-24.53M$-24.46M$-24.46M$-24.46M$-24.46M$-25.76M$-25.99M$-28.29M$-29.05M$-37.30M$-45.22M$-44.13M$-31.99M$-41.44M$7.24M
Surprise %---------------------0.24%0.32%-2.86%3.83%4.51%

FREYR Battery's average Quarter net income forecast for Mar 23 is $-40.55M, with a range of $-44.13M to $-36.96M. FREY's average Quarter net income forecast represents a -148.20% decrease compared to the company's last Quarter net income of $84.11M (Dec 22).

FREYR Battery SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111221111111513
SG&A---------------------$27.77M$30.00M$29.47M$25.12M$28.15M
Avg Forecast--------------------------
High Forecast--------------------------
Low Forecast--------------------------
Surprise %--------------------------

FREYR Battery's average Quarter SG&A projection for Dec 23 is -, based on 1 Wall Street analysts, with a range of - to -. The forecast indicates a -100.00% fall compared to FREY last annual SG&A of $27.77M (Sep 23).

FREYR Battery EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Mar 23Dec 22Sep 22Jun 22
# Analysts111111111111111221111111513
EPS---------------------$-0.08$-0.09$0.68$-1.36$0.35
Avg Forecast--------$-0.17$-0.16$-0.16$-0.16$-0.16$-0.16$-0.16$-0.16$-0.15$-0.17$-0.18$-0.19$-0.24$-0.30$-0.29$-0.21$-0.30$-0.26
High Forecast--------$-0.15$-0.15$-0.15$-0.15$-0.15$-0.15$-0.15$-0.15$-0.12$-0.15$-0.17$-0.17$-0.22$-0.27$-0.26$-0.19$-0.30$-0.26
Low Forecast--------$-0.18$-0.18$-0.18$-0.17$-0.17$-0.17$-0.17$-0.17$-0.18$-0.19$-0.20$-0.21$-0.27$-0.32$-0.31$-0.23$-0.30$-0.26
Surprise %---------------------0.27%0.32%-3.25%4.60%-1.35%

According to 1 Wall Street analysts, FREYR Battery's projected average Quarter EPS for Mar 23 is $-0.29, with a low estimate of $-0.31 and a high estimate of $-0.26. This represents a -142.44% decrease compared to FREY previous annual EPS of $0.68 (Dec 22).

FREYR Battery Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MVSTMicrovast$0.80$8.00900.00%Buy
FREYFREYR Battery$2.10$19.00804.76%Buy
LICYLi-Cycle$2.58$9.60272.09%Buy
ENVXEnovix$8.75$21.17141.94%Buy
FLNCFluence Energy$20.22$26.6131.60%Buy

FREY Forecast FAQ


Is FREYR Battery a good buy?

Yes, according to 3 Wall Street analysts, FREYR Battery (FREY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of FREY's total ratings.

What is FREY's price target?

FREYR Battery (FREY) average price target is $19 with a range of $13 to $25, implying a 804.76% from its last price of $2.1. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will FREYR Battery stock go up soon?

According to Wall Street analysts' prediction for FREY stock, the company can go up by 804.76% (from the last price of $2.1 to the average price target of $19), up by 1090.48% based on the highest stock price target, and up by 519.05% based on the lowest stock price target.

Can FREYR Battery stock reach $3?

FREY's average twelve months analyst stock price target of $19 supports the claim that FREYR Battery can reach $3 in the near future.

What are FREYR Battery's analysts' financial forecasts?

FREYR Battery's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $94.55M (high $100.98M, low $88.12M), average EBITDA is $0 (high $0, low $0), average net income is $0 (high $0, low $0), average SG&A $0 (high $0, low $0), and average EPS is $0 (high $0, low $0). FREY's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $1.12B (high $1.2B, low $1.04B), average EBITDA is $0 (high $0, low $0), average net income is $0 (high $0, low $0), average SG&A $0 (high $0, low $0), and average EPS is $0 (high $0, low $0).