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FREYR Battery (FREY) Gains As Market Dips: What You Should Know
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FREYR Battery (FREY - Free Report) closed at $12.43 in the latest trading session, marking a +1.55% move from the prior day. This change outpaced the S&P 500's 0.67% loss on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.22%.
Prior to today's trading, shares of the company had lost 6.85% over the past month. This has lagged the Oils-Energy sector's gain of 1.59% and the S&P 500's loss of 3.76% in that time.
Wall Street will be looking for positivity from FREYR Battery as it approaches its next earnings report date. The company is expected to report EPS of -$0.27, up 35.71% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for FREYR Battery. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. FREYR Battery is currently sporting a Zacks Rank of #3 (Hold).
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FREY in the coming trading sessions, be sure to utilize Zacks.com.
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FREYR Battery (FREY) Gains As Market Dips: What You Should Know
FREYR Battery (FREY - Free Report) closed at $12.43 in the latest trading session, marking a +1.55% move from the prior day. This change outpaced the S&P 500's 0.67% loss on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.22%.
Prior to today's trading, shares of the company had lost 6.85% over the past month. This has lagged the Oils-Energy sector's gain of 1.59% and the S&P 500's loss of 3.76% in that time.
Wall Street will be looking for positivity from FREYR Battery as it approaches its next earnings report date. The company is expected to report EPS of -$0.27, up 35.71% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for FREYR Battery. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. FREYR Battery is currently sporting a Zacks Rank of #3 (Hold).
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 80, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FREY in the coming trading sessions, be sure to utilize Zacks.com.