Jennison Associates LLC Sells 53,206 Shares of FREYR Battery, Inc. (NYSE:FREY)

Jennison Associates LLC lessened its holdings in shares of FREYR Battery, Inc. (NYSE:FREY) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,137 shares of the company’s stock after selling 53,206 shares during the quarter. Jennison Associates LLC owned 0.93% of FREYR Battery worth $2,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FREY. Triodos Investment Management BV raised its holdings in shares of FREYR Battery by 24.2% in the 3rd quarter. Triodos Investment Management BV now owns 1,180,000 shares of the company’s stock worth $5,770,000 after acquiring an additional 230,000 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of FREYR Battery by 2.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 373,775 shares of the company’s stock valued at $1,828,000 after purchasing an additional 9,095 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of FREYR Battery by 35.7% during the third quarter. Kennedy Capital Management LLC now owns 223,893 shares of the company’s stock valued at $1,095,000 after buying an additional 58,893 shares during the last quarter. Green Alpha Advisors LLC grew its holdings in FREYR Battery by 116.1% during the fourth quarter. Green Alpha Advisors LLC now owns 201,216 shares of the company’s stock worth $376,000 after buying an additional 108,110 shares in the last quarter. Finally, Quaero Capital S.A. grew its holdings in FREYR Battery by 5.7% during the third quarter. Quaero Capital S.A. now owns 175,100 shares of the company’s stock worth $856,000 after buying an additional 9,500 shares in the last quarter. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Trading Up 6.0 %

Shares of NYSE:FREY opened at $1.68 on Friday. The stock has a market cap of $234.01 million, a PE ratio of -3.28 and a beta of 0.71. The stock’s fifty day simple moving average is $1.68 and its two-hundred day simple moving average is $1.98. FREYR Battery, Inc. has a 1-year low of $1.21 and a 1-year high of $10.10.

FREYR Battery (NYSE:FREY) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. On average, sell-side analysts forecast that FREYR Battery, Inc. will post -1.03 earnings per share for the current fiscal year.

FREYR Battery Profile

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, Luxembourg.