FREYR BATTERY WKN: A3CT9J ISIN: LU2360697374 Kürzel: FREY Forum: Aktien User: Mountainclimber

Company Overview FREYR is a US-headquartered battery storage manufacturer-turned-solar-manufacturer. Initially, FREYR Battery was created in 2021 to produce battery cells for the energy storage market. Armed with government subsidies equivalent to about $18 million and export finance guarantees of about $360 million, it sought to build a new production facility in Norway, utilizing renewable hydro energy and the 24M manufacturing technology. Its goal was to prove the technology in a customer qualification facility in Norway. However, before it could do that, the passing of the Inflation Reduction Act dramatically altered its European prospects, as the EU and its then-focus area, Norway, did not offer similar incentives. This prompted the company to move its headquarters to the U.S. in late 2023. A bumpy 2024 followed, culminating in announcing a downsizing of its workforce in August and admitting that it could not compete with Chinese producers. "We cannot produce batteries profitably under current market prices," then-CEO Tom Einar Jensen told Norwegian daily DN. The article also cited production difficulties. It is a story similar to the Swedish Northvolt project, albeit on a smaller scale. Strategic Pivot to Solar On Nov 6, the company announced the acquisition of Trina Solar's assets, effectively remaking the company into a solar module producer. This transaction, along with its leadership changes, changes the company fundamentally: Its new strategy is to become a vertically integrated solar manufacturer, Its main asset will become the 5 GW solar module production plant in Wilmer, Texas, that started production on Nov 1, It expects to begin production on another 5 GW facility by 2026, It guides positive EBITDA for 2025 ($75-$125 million), Current chairman Daniel Barcelo assumes the CEO role, and ex-CEO Tom Einar Jensen has been given the task of "value optimizing" its European assets FREYR Battery exits battery cell production as it looks to "monetize" its European assets and has terminated its 24M license agreement The total consideration is $621 million, including a 9.9% stake in the new FREYR. Included in the consideration are $150 million in cash, a $150 million loan, and a convertible note (for 11.5% of FREYR stock): Transaction consideration Transaction consideration (Trina deal announcement, p. 6) FREYR expends virtually all of its cash (it had $180 million cash on hand in Q3) and assumes $428 million in debt as part of the deal. Given the current political climate (also pre-election) between the U.S. and China, it makes sense for a Chinese company like Trina to dispose of its direct U.S. assets. By becoming a significant owner in a U.S. company, it may be able to convert illiquid assets to (somewhat) liquid shares trading on a public exchange. As of September 30, 2024, FREYR had about 140 million shares outstanding. FREYR will issue about 45 million shares to Trina as part of the deal. In addition, Trina's co-founder, Ms. Chunyan Wu, purchased about 15 million shares in a private placement. After the agreement has been completed, about 30% of FREYR will be owned by Trina or key personnel.

Summary The acquisition of solar assets signifies a strategic shift towards renewable energy, enhancing long-term growth potential and sustainability for the company. The agreement to sell European assets for $50 million will provide liquidity and streamline operations, focusing on core markets. However, the global glut in solar panels does not seem to diminish in the coming years. The incoming administration's uncertainty about trade and renewables policies raises further questions about the viability of a small solar player such as FREYR. Investment Thesis FREYR Battery, Inc. (NYSE:FREY) recently announced a strategic pivot from producing battery cells to producing solar modules, having the ambition to become a vertically integrated company also producing solar cells in the U.S. It will achieve this by acquiring the U.S. assets of Chinese solar panel manufacturer Trina. It will dispose of its European battery cell manufacturing assets and plans. The market responded by doubling its share price from $1 to $2/sh. Trina will assume 20 percent ownership in FREYR (when all conditions are met). While FREYR is in much better shape after this deal, it faces a difficult market for its product and uncertainty regarding the incoming Administration's policy on renewables and trade. It guides a positive EBITDA for 2025, but can it succeed in scaling up production profitably? I think there are better options, and I will stay away.

https://www.blick.ch/wirtschaft/was-ist-mit-solarfirma-los-handel-mit-aktien-von-meyer-burger-gestoppt-auf-wunsch-der-firma-id20322911.html

Hast du den Artikel? Der Zugang ist nur mit Anmeldung möglich. Könntest du hier wichtige Auszüge teilen? Danke

Hier auch nochmal eine Einordnung der aktuellen Zahlen, Marktkapitalisierung und Vergleich mit First Solar und Canadian Solar. https://seekingalpha.com/article/4737541-freyr-battery-strategic-solar-pivot-promising-bumpy-road-ahead

Schön, Dein Post hat mir gleich ein Lächeln entlockt. 😉

Am liebsten 🤔 da gibt es einige 😊😅 aber den hier 🤦 hätte ich sehr gerne für sehr dumme Menschen und dumme Artikel,der fehlt mir besonders oft 😂 ansonsten wären die ganz cool ( 👀🤞🤔🧐😱🥱🙄😵‍💫😉 ) aber ja, wir haben auch so immer unseren Spaß zusammen 🤗 Auf einen neuen spannenden Tag und viel Erfolg uns allen☺️

Freiwillig wird er sicherlich nicht gehen. Die lassen sich dann schon was einfallen, dass er nicht anders kann, seinen Hut zu nehmen.

Welchen hättest Du denn am liebsten?

Wenigstens haben wir doch noch was zu lachen 😁

So schaut’s aus. Powell läßt sich Zeit bis er des Amtes verwiesen wird.

Super, als Familienminister und Kinderschreck.