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

Background ESS Tech Inc. (NYSE:GWH) went public via a SPAC merger in late 2021. The company's shareholders include Bill Gates' Breakthrough Energy Ventures and Softbank. Now, as mentioned above, these stalwarts are joined by Honeywell (HON) which has invested $27.5 million to purchase 16.5 million common shares on September 25, 2023. The main product offering is a grid-scale battery made from iron and salt water, which are much easier chemicals to obtain and are more environmentally friendly than competing lithium-based technologies. Despite hundreds of millions of dollars spent to date, revenues are still in the single-digit millions each quarter. In their third-quarter earnings call, management projected a record result for the 4Q. This article takes a look at that projection. Potential Delisting Lately GWH has been trading below $1 which is the trigger for delisting from the New York Stock Exchange. ...on the New York Stock Exchange (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the delisting process. Absent a rise in the stock price, the cure for this is a reverse stock split. An example would be a 1 for 5 splits, where holders of 5 shares get 1 share; percentage ownership hasn't changed but the price is quintupled. Reverse splits rarely perform well post-split, so this may be only a temporary fix. Compare this $1 de-listing trigger, and the recent $0.95 trading price, to the $1.39 closing price on the night before the announcement of the Honeywell deal on September 25, 2023. And compare those prices to the $1.67 Honeywell spent for common shares and the various tranches of warrants they received struck at $1.45, $1.89, and $2.90, all as described in the deal 8K. Clearly Honeywell has a much more aggressive outlook for the stock than its current trading level. What about Honeywell? While pre-SPAC merger shareholders Breakthrough Energy and Softbank have some credibility and name recognition, they don't have the Fortune 100 chops that diversified utility Honeywell has. Their numbers speak to some serious industrial heft: $128 Billion market cap, $36.6Billion in revenue, $8.26 Billion in EBITDA, and $5.66 Billion in net income.

@ President_01: ESS Tech hat eine fundamental andere Technologie als Freyr

Ach ja - mit Tesla gibt es noch keine Vereinbarung....

Doch glatt mal Nidec mit seiner bindenden Abnahmevereinbarung vergessen... schlappe 38 GWh bis 50 GWh

Kannst Du den Rest vom Artikel auch noch reinstellen?

Es wird hier so oft vom fehlenden OEM gesprochen. Dabei hat Freyr mit Honeywell / Siemens (Siemens Energy/ Fluence (?) / Powin die Big Player der westlichen BESS-Hersteller als (potentielle) Kunden

Wäre spannend zu sehen, auf welche Technologie Sie sich fokussieren

Mit einer Option zur Verdoppelung - falls das Honeywell möchte

Honeywell hat ein 19 GWh off take agreement mit Freyr

Honeywell ist einer der absoluten westlichen Big Player und ein Elektro-Tech-Riese wie Siemens

ja ist ein langer Artikel- was ist der Kontext?

"... Vorfinanzierung von Verkaufsverpflichtungen..."

Super, vielen Dank! Steht noch mehr drin?

Summary Honeywell joined an "A" list of significant investors in ESS Tech on September 25, 2023, buying $27.5 million of stock and prefunding sales commitments. After a brief 43% stock spike, the honeymoon was over and the stock is trading at 95 cents, a decrease of 32% from the close before the Honeywell announcement. Almost immediately after making this investment Honeywell restructured. One wonders whether the deal would/could have been done post-restructuring. Despite a very brief honeymoon, Honeywell brings a lot to the table. GWH management has forecast a record-breaking 4Q - the first full quarter since Honeywell came aboard.

Vielleicht aber auch nur ein Zufall

Mir ist übrigens aufgefallen, dass bei den letzten Statements von Freyr niemand mehr von einer konventioneller Technologie gesprochen hat.... und immer nur von der 24M Semi Solid Plattform & Ihren Vorteilen (Wettbewerbsdifferenzierung)