What’s up everyone, as the markets keep tumbling, we need to remain focussed on one
area where there’s bound to be big opportunities and catalysts once this is all over which is EVs.
So we are going back to the ev battery supply chain, as I bring you updates on two of our top
ev battery stocks which are clearly ignoring the current market activities and executing on
their plans. And for these soon to be ev battery giants, not only are analysts very bullish about
them but they are also backed by some solid partners and lots of offtake agreements.. So
clearly no coincidence where, as outside the major Chinese ev battery stocks these two stocks have
some strong catalysts lined up for 2022, which is just the last thing you want to ignore right now.
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That said please drop a quick like on the video and hit the bell, so we can get on with it with
our first stop, which is FREYR Battery SA (FREY) which appears to be bouncing back strongly from
its lows of $6.69 and currently sitting at $8.15 per share with a with a market cap of $952mn.
Frey has descended by 23% over the last month on the but given the plans they have in the tank,
this is certainly one to hold for the long long term, as we may not be seeing these price
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FREYR recently secured a 28.5 GWh Offtake Agreement with Powin.
And Powin here, is a global leader in the design, manufacturing, and integration of safe
and scalable battery energy storage solutions. So Frey signed a conditional agreement for Powin to
offtake battery cells produced by FREYR for their energy storage system applications.
The highlights include FREYR delivering 28.5 GWh of battery cells to Powin from 2024 through to
2030. The cells will originally be supplied from FREYR’s combined Gigafactory 1 & 2 in Mo i Rana,
Norway, and will subsequently be produced at FREYR’s planned future U.S. Gigafactory.
FREYR is looking to manufacture and deliver, market leading cost-competitive made-in-USA
lithium-ion battery cells, with a low CO2 footprint, to be integrated by Powin
into battery energy storage solutions for the North American market and beyond.
The conditional offtake agreement with Powin brings FREYR’s cumulative
offtake volumes to 78.8 GWh, representing more than 67% of the projected capacity
of FREYR’s planned combined Gigafactory 1 & 2 at Mo i Rana and more than 90%
of targeted production under current ramp-up and operational efficiency assumptions.
What a positioned to be in before they have even commenced production. Some brilliant stuff.
FREYR also Reported First Quarter 2022 Results and what you can see here is one offtake agreement
after the other, which is just massive and goes to tell you to size of the opportunity which lies
ahead with Frey. They Signed conditional offtake agreement (“COA”) with Powin LLC to supply 28.5
GWh which we just spoke about. Secured a COA with a leading global storage systems integrator
to supply 15 GWh. Signed a COA with a major U.S. renewables company to supply approximately 10 GWh.
Advanced negotiations with two additional companies,
including a major commercial mobility company, for COAs which are projected to represent
approximately 100 GWh of estimated potential cumulative demand from 2024 – 2030. Huge stuff.
Tom Jensen, FREYR’s CEO commented that with three new conditional customer offtake agreements signed
and more in advanced stages of negotiations, visibility is building to accelerate development
beyond their initial combined Gigafactory 1 & 2. So they are already looking at further
demand as their commercial momentum is brining new opportunities to partner with
world class organizations to finance our growth ambitions, expand into the battery value chain,
and deliver value to their shareholders.”
Analyst at Seeking Alpha say FREYR is Charging Up To Become A Leading Battery Manufacturer
as FREYR is well positioned to capitalize on the lithium ion battery boom. They say FREYR is able
to leverage on the 24M battery technology to keep battery costs competitive, improve performance,
and at the same time produce one of the most sustainable batteries globally.
And 24M's partnership with Volkswagen would be game changing, as VW is one
of the world's largest vehicle companies with great ambitions to transition quickly into EVs.
FREYR's focus on being the cleanest and most sustainable battery
differentiates itself from other players as it can leverage on low renewable costs and a sustainable
localized supply chain being based in the Nordics. Their price target price of $17.17 implies a 145%
upside from current levels based on the assumed P/S multiple of 4x based on 2024F financials.
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Next up to our number 2 ev battery banger on the list for today which is Solid Power Inc (SLDP)
which we first called here at $6.2 and it has just hit those lows again and appears to have
gone past those levels as it is now settling at $8.42 per share and a market cap of $1.3bn.
It is still significantly below its all time highs of $14.85 per share
following its Nasdaq debut but the outlook certainly looks solid for Solid Power
Solid Power, Inc. Announced their First Quarter 2022 Financial Results.
Their business highlights included: Their EV cell pilot line installation
process is nearing completion and expected to begin producing EV-scale cells for internal
testing during the third quarter. Their Electrolyte production facility
construction remains on track, with expected completion in the second half of the year.
Doug Campbell, their CEO added that “Solid Power
is at the forefront of the development of all-solid-state battery cells
in an environment where they believe demand for high performance cells continues to accelerate.
And as they progress towards their operational and technological targets, they remain focused
on positioning Solid Power to build upon their leadership position in the industry.”
Their revenue for the first quarter of 2022 was $2.2 million, up from $0.5 million in the
first quarter of 2021 with a Net loss was $10.3 million. They also reiterated their financial
guidance for the year, with 2022 revenue expected to range between $3.0 million to $5.0 million.
So lots to look forward to as we head towards the second half of 2022.
So two solid ev battery stocks to certainly have on your watchlist.
So some very very interesting and mindblowing prospects ahead for these stocks
but only consider getting in if the price is right for you and if you fully understand the
risks. This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these top
stocks in the comments section below and what other stocks are catching your eyes lately.
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Thank you so much for being here and I look forward to have you in my next video. Thank you