Shares involved with particular objective acquisition providers crashed in 2022—with an exception:
Freyr Battery
The shares are up some 34%, year to date, despite stumbling this past Monday immediately after releasing earnings. The stock’s increase, in fact, has accelerated it is up 5% in the previous thirty day period, and 80% about 6 months.
The Norwegian get started-up experienced a 3rd-quarter reduction of 80 cents for every share Wall Road was expecting 30 cents. Most of that decline, nevertheless, was an adjustment in inventory-warrant valuation that is dependent on factors such as share price tag. Freyr went general public in July 2021 through a SPAC merger and aims to make rechargeable lithium-ion batteries for electrical vehicles and energy storage. It has no product sales and is nevertheless validating technological innovation and creating battery capability. The organization ended the quarter with $420 million in income, right after burning via about $145 million this calendar year.
Shares involved with particular objective acquisition providers crashed in 2022—with an exception:
Freyr Battery
The shares are up some 34%, year to date, despite stumbling this past Monday immediately after releasing earnings. The stock’s increase, in fact, has accelerated it is up 5% in the previous thirty day period, and 80% about 6 months.
The Norwegian get started-up experienced a 3rd-quarter reduction of 80 cents for every share Wall Road was expecting 30 cents. Most of that decline, nevertheless, was an adjustment in inventory-warrant valuation that is dependent on factors such as share price tag. Freyr went general public in July 2021 through a SPAC merger and aims to make rechargeable lithium-ion batteries for electrical vehicles and energy storage. It has no product sales and is nevertheless validating technological innovation and creating battery capability. The organization ended the quarter with $420 million in income, right after burning via about $145 million this calendar year.
