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

Laidlaw Wealth Management LLC boosted its holdings in shares of FREYR Battery, Inc. (NYSE:FREY) by 217.9% during the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FREY. Truist Financial Corp bought a new stake in FREYR Battery in the 4th quarter worth approximately $26,000. Rhumbline Advisers increased its stake in FREYR Battery by 28.3% in the 4th quarter. Rhumbline Advisers now owns 142,382 shares of the company’s stock worth $367,000 after acquiring an additional 31,421 shares during the last quarter. Summit Trail Advisors LLC bought a new stake in FREYR Battery in the 4th quarter worth approximately $129,000. FSM Wealth Advisors LLC bought a new stake in FREYR Battery in the 4th quarter worth approximately $51,000. Finally, SG Americas Securities LLC increased its stake in FREYR Battery by 42.6% in the 4th quarter. SG Americas Securities LLC now owns 61,653 shares of the company’s stock worth $159,000 after acquiring an additional 18,425 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 note on Friday, December 20th.

FREYR Battery Stock Performance

NYSE FREY opened at $1.96 on Thursday. The company has a market cap of $274.66 million, a P/E ratio of -2.57 and a beta of 0.94. The business’s 50 day moving average price is $2.21 and its 200-day moving average price is $1.67. FREYR Battery, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $3.36.

Insider Activity

In other FREYR Battery news, CFO Joseph Evan Calio acquired 50,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of $1.57 per share, with a total value of $78,500.00. Following the transaction, the chief financial officer now directly owns 680,462 shares of the company’s stock, valued at $1,068,325.34. The trade was a 7.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Tore Ivar Slettemoen sold 391,071 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $1.88, for a total value of $735,213.48. Following the completion of the transaction, the director now directly owns 5,080,446 shares in the company, valued at $9,551,238.48. This trade represents a 7.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 804,292 shares of company stock valued at $1,439,009. 20.40% of the stock is currently owned by insiders.

About FREYR Battery

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.