Shares of FREYR Battery (FREY) are trading 17% higher at a price of $12.365 at the time of this writing. The Industrials sector is having a generally mildly green day, this hasn't really affected the stock's share price, as it quickly outperforming other names in the space.


FREYR Battery has been trading between a 52-week high of $14.37 and a 52-week low of $6.42. The stock has a market cap of $1.44 Billion.

FREYR plans to develop up to 35 GWh of battery cell production capacity in Norway and an additional 8 GWh via joint ventures in Norway and/or the Nordic region by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications.

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