FREYR Battery (TE) Stock Analysis — March 2026 Rating, Price, and Forecast
Company Overview — What Does FREYR Battery Do?
FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg. FREYR Battery (TE) is classified as a micro-cap stock in the Manufacturing sector, specifically within the Electrical Equipment industry. The company is led by CEO Tom E. Jensen and employs approximately 210 people. With a market capitalization of $0, TE is one of the notable companies in the Manufacturing sector.
FREYR Battery (TE) Stock Rating — Buy (March 2026)
As of March 2026, FREYR Battery receives a Buy rating with a composite score of 73.6/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.TE ranks #1,302 out of 7,333 stocks in our coverage universe. Within the Manufacturing sector, FREYR Battery ranks #496 of 1931 stocks, placing it in the upper half of its Manufacturing peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
TE Stock Price and 52-Week Range
FREYR Battery (TE) currently trades at $6.61. The stock lost $0.23 (3.4%) in the most recent trading session. Recent trading volume was 7.5M shares, reflecting moderate market activity.
Is TE Overvalued or Undervalued? — Valuation Analysis
FREYR Battery (TE) carries a value factor score of 50/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 13.50x, versus the sector average of 2.40x. The price-to-sales ratio is 3.21x, compared to 2.28x for the average Manufacturing stock.
Overall, TE's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
FREYR Battery Profitability — ROE, Margins, and Quality Score
FREYR Battery (TE) earns a quality factor score of 28/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -194.7%, compared to the Manufacturing sector average of -5.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -13.5% versus the sector average of -1.9%.
On a margin basis, FREYR Battery reports gross margins of 26.5%, compared to 42.7% for the sector. The operating margin is -34.5% (sector: 0.7%). Net profit margin stands at -37.1%, versus -1.0% for the average Manufacturing stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
TE Debt, Balance Sheet, and Financial Health
FREYR Battery has a debt-to-equity ratio of 565.0%, compared to the Manufacturing sector average of 20.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.00x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $547M.
TE has a beta of 1.97, meaning it is more volatile than the broader market — a $10,000 investment in TE would be expected to move 96.9% more than the S&P 500 on any given day. The stability factor score for FREYR Battery is 15/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
FREYR Battery Revenue and Earnings History — Quarterly Trend
In TTM 2026, FREYR Battery reported revenue of $408M and earnings per share (EPS) of $-0.87. Net income for the quarter was $-189M. Gross margin was 2651.7%. Operating income came in at $-183M.
In Q3 2025, FREYR Battery reported revenue of $211M and earnings per share (EPS) of $-0.87. Net income for the quarter was $-131M. Gross margin was 10.1%. Operating income came in at $-95M.
In Q2 2025, FREYR Battery reported revenue of $133M and earnings per share (EPS) of $-0.21. Net income for the quarter was $-32M. Gross margin was 24.7%. Operating income came in at $-29M.
In Q1 2025, FREYR Battery reported revenue of $65M and earnings per share (EPS) of $-0.11. Net income for the quarter was $-16M. Gross margin was 44.8%. Operating income came in at $-24M.
Over the past 8 quarters, FREYR Battery has demonstrated a growth trajectory, with revenue expanding from $0 to $408M. Investors analyzing TE stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
TE Dividend Yield and Income Analysis
FREYR Battery (TE) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Manufacturing dividend stocks may want to explore other Manufacturing stocks or use the stock screener to filter by dividend yield.
TE Momentum and Technical Analysis Profile
FREYR Battery (TE) has a momentum factor score of 94/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 40/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 45/100 reflects moderate short selling activity.
TE vs Competitors — Manufacturing Sector Ranking and Peer Comparison
Within the Manufacturing sector, FREYR Battery (TE) ranks #496 out of 1931 stocks based on the Blank Capital composite score. This places TE in the upper half of all Manufacturing stocks in our coverage universe. Key competitors and sector peers include INTERPARFUMS INC (IPAR) with a score of 94.5/100, BK Technologies Corp (BKTI) with a score of 91.7/100, Fitell Corp (FTEL) with a score of 90.7/100, Adicet Bio, Inc. (ACET) with a score of 86.8/100, and Park Ha Biological Technology Co., Ltd. (BYAH) with a score of 85.0/100.
Comparing TE against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TE vs S&P 500 (SPY) comparison to assess how FREYR Battery stacks up against the broader market across all factor dimensions.
TE Next Earnings Date
No upcoming earnings date has been announced for FREYR Battery (TE) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy TE? — Investment Thesis Summary
The bull case for FREYR Battery rests on several quantitative strengths. The quality score of 28/100 flags below-average profitability. Price momentum is positive at 94/100, suggesting the trend favors buyers. High volatility (stability score 15/100) increases portfolio risk.
In summary, FREYR Battery (TE) earns a Buy rating with a composite score of 73.6/100 as of March 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TE stock.
Related Resources for TE Investors
Explore more research and tools: TE vs S&P 500 comparison, top Manufacturing stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TE head-to-head with peers: TE vs IPAR, TE vs BKTI, TE vs FTEL.