Bank of America Securities analyst Julien Dumoulin Smith maintained a Buy rating on FREYR Battery (FREY – Research Report) yesterday and set a price target of $13.00. The company’s shares closed yesterday at $7.55.
According to TipRanks, Dumoulin Smith is a 4-star analyst with an average return of 5.1% and a 56.53% success rate. Dumoulin Smith covers the Utilities sector, focusing on stocks such as NRG Energy, Pinnacle West Capital, and AES.
FREYR Battery has an analyst consensus of Strong Buy, with a price target consensus of $13.50, which is a 78.81% upside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $14.00 price target.
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The company has a one-year high of $16.94 and a one-year low of $6.20. Currently, FREYR Battery has an average volume of 1.97M.
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