2022-08-24 16:59:24 FREY Freyr Battery
08/24/22 08/2416:59 08/24/2216:59 | Freyr Battery upgraded to Buy from Neutral at Goldman SachsGoldman Sachs analyst Philipp Konig upgraded Freyr Battery to Buy from Neutral with a price target of $19, up from $11. The company should be a strong beneficiary from the recently enacted Inflation Reduction Act, the analyst tells investors in a research note. Freyr Battery aims to build a 35GWh gigafactory in partnership with Koch Strategic Platforms and plans to start production in 2025, Konig adds, stating that the IRA provisions would lead to potential capex reduction for the gigafactory by greater than 60%. |
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