Why Freyr Battery Stock Is Charging Higher Today
Shares of Norwegian battery start-up Freyr Battery (NYSE: FREY) were trading sharply higher at midday on Wednesday after the company announced a deal to sell 19 gigawatt-hours (GWh) of batteries to Honeywell (NASDAQ: HON) over the next several years.
As of 12:15 p.m. ET, Freyr Battery's shares are up about 11.6% from Tuesday's closing price.
Freyr Battery is a start-up aiming to bring advanced lithium-ion battery cells to market at scale. The company has a factory under construction in Norway and is considering additional plants at sites in Finland and the United States.
Source Fool.com
