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 979.55% upside from FREY’s last price of $1.76) 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 979.55% upside from FREY's last price of $1.76.

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

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jun 29, 2023	Adam Jonas	Morgan Stanley	$13.00	$9.14	42.23%	638.64%
Sep 22, 2022	Adam Jonas	Morgan Stanley	$26.00	$15.77	64.87%	1377.27%
Sep 01, 2022		BTIG	$25.00	$14.24	75.56%	1320.45%
Aug 24, 2022	Philipp Konig	Goldman Sachs	$19.00	$10.57	79.75%	979.55%
Jun 21, 2022	Philipp Konig	Goldman Sachs	$8.00	$7.41	7.96%	354.55%

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 638.64% increase from FREY last price ($1.76).

FREYR Battery Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$1.76	$1.76	$1.76
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 $1.76. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jan 12, 2023	Goldman Sachs	Buy	Buy	Hold
Sep 22, 2022	Morgan Stanley	Overweight	Overweight	Hold
Sep 01, 2022	BTIG	Buy	Buy	Hold
Aug 24, 2022	Goldman Sachs	Neutral	Buy	Upgrade
Jun 21, 2022	Goldman Sachs		Neutral	Initialise

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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Sep 22	Jun 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
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	5	13
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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Sep 22	Jun 22
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	5	13
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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Sep 22	Jun 22
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	5	13
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	$-19.21M	$-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	$-22.93M	$-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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Sep 22	Jun 22
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	5	13
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 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Sep 22	Jun 22
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	5	13
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	$-0.14	$-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	$-0.16	$-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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
FREY	FREYR Battery	$1.76	$19.00	979.55%	Buy
MVST	Microvast	$1.16	$8.00	589.66%	Buy
LICY	Li-Cycle	$1.50	$9.60	540.00%	Buy
FLNC	Fluence Energy	$17.04	$26.30	54.34%	Buy
ENVX	Enovix	$8.65	$12.00	38.73%	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 979.55% from its last price of $1.76. 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 979.55% (from the last price of $1.76 to the average price target of $19), up by 1320.45% based on the highest stock price target, and up by 638.64% 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).