How to Buy FREYR Battery Stock [2024]

Summary: Buying FREYR Battery stock (FREY) is a viable approach to investing in environmentally-friendly batteries and stationary energy storage. The best way to invest in FREYR Battery is via a reputable online stock investing service such as Interactive Brokers.

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IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

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About FREYR Battery

About

FREYR Battery (NYSE: FREY) is a Norwegian-based battery manufacturing company specializing in high-density and cost-competitive battery solutions for electric vehicles and stationary energy storage systems.

The company’s goals include the electrification of transportation and green energy integration to combat CO₂ emissions and promote renewable energy sources. Reducing carbon footprint, using locally sourced raw materials, and relying on state-of-the-art recycling methods are the core values of FREYR Battery, which is good news for environmentally-aware investors.

How to Buy FREYR Battery Stock: Freyr homepage screenshot. — FREYR Battery homepage screenshot. Source: freyrbattery.com

By actively engaging in research, development, and monetization of cutting-edge battery technologies, the company has established a notable presence in the battery market supported by strategic partnerships and continuous expansion of their battery manufacturing capabilities.

FREYR Battery IPO

FREYR Battery had its initial public offering (IPO) on December 1, 2022, when it released its stock to stock exchanges under the FREY ticker. Since the company has been traded publicly, the general public can freely invest in it through regulated brokerages.

Note

An IPO marks the first time a company’s shares are offered to the general public for purchase on a stock exchange.

How to buy FREYR Battery stock: step-by-step

You can freely buy shares in FREYR Battery through regulated exchange services. To do this, just follow this simple 5-step process:

Step 1: Choose a broker

Firstly, before investing in anything you have to choose the optimal stock brokerage. Different investing services come with various advantages and disadvantages, but there are still general directions that you should follow, regardless of your investing style. Consider these aspects:

Range of offerings: A wide assortment of financial services can come in handy if you find interest in instruments other than FREY. Consider other stocks, commodities, forex, and cryptocurrencies, or even derivative assets like CFDs, options, and futures. The more, the better;

Cost: The benefits of low fees should go without saying. The brokerage standard for stocks and ETFs is commission-free trading. In other words, you should not go below this. On the other hand, you should not neglect other aspects in favor of minimum costs;
Regulation and security: Confirm that the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations apply to your investing service. Also, check for advanced safety policies, such as two-factor authentication (2FA);
Fractional stock trading: Platforms that enable fractional stock trading allow you to buy stocks by the dollar amount, which suits those with limited capital or traders seeking to pursue the dollar-cost averaging approach.

To securely buy FREYR Battery stock (FREY), we recommend:

Interactive Brokers

Commission-free stock trading;
Global stock-trading on 90+ market centers;
Fractional shares availability;
Extra income on fully paid shares;
Charting tools;
Lowest financing rates for margin accounts in the industry;
No account minimum.

Best Platform for Worldwide Stock Trading & Investing

Highly trusted multi-asset broker with clients in over 200 countries
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
Low commissions starting at $0 with no platform fees or account minimums
Easily fund your account and trade assets in 26 currencies
IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

For more EV battery investment opportunities, have a look at our other guides:

Step 2: Open and fund your account

When you decide on the brokerage, it is time to create an account on the platform. After registering and going through the verification process, you need to fund the newly created account.

The most frequently available payment methods include bank transfer, debit or credit card, or a third-party transaction service such as PayPal (PYPL).

Step 3: Decide how much you want to invest

As the funds reach your new account, you should consider the amount of money or shares you want to invest. The decision will depend on answering these questions:

Will I be capable of upholding my living standards if I lose this investment?
Have I combined my daily expenses, set up an emergency fund, and cleared all high-interest debt?

The proper amount should have a positive answer to both of these.

Additionally, your decision will rest on factors such as investing habits, risk-wariness, and investment goals. Remember that investing comes with a risk, so invest the amount you feel the most comfortable with.

Never invest what you cannot afford to lose.

Step 4: Place your order and buy FREYR Battery stock

To buy the desired number of FREYR Battery shares , you must place an order. Go through these four simple steps:

Step 1: Go to your chosen brokerage, log into your account, and search for the company’s ticker stock symbol FREY;
Step 2: Type in the number of stock you want to buy;
Step 3: Select the order type (market order or limit order) and place it;
Step 4: Confirm the trade.

Step 5: Monitor and manage your investment

Finally, monitoring your investment after you purchase stocks is the last step that only concludes when you decide to remove them from your portfolio. As long as you have shares in the company, you will want to review the business’s financial performance regularly, the global trends in the sector, and press releases covering FREYR Battery.

Every relevant piece of information is vital to making the right investment decision.

FREY stock price today

Common mistakes to avoid when buying FREYR Battery stock

The most common mistakes that cost people their investment are actually preventable or even manageable with the right insights. Make sure to avoid the following:

Lack of research: Always research the asset you want to invest in and the current market trends and environments. Letting vital information pass you by can cost you profits or even your base investment;
Lack of strategy: Clearly define your financial goals prior to any investing. A thought-out plan will help you keep the broader picture in mind and boost your chances of making a profit;
Falling prey to emotions: Reacting emotionally to a sudden swing in the market can sometimes make you regret your decision. Do not let emotions cloud your investing judgment;
Staking everything on one asset: No matter how successful FREY might seem, always diversify your portfolio;
Falling prey to scams: Avoid unverified platforms and deals in shadow. If your instinct tells you something might be wrong, re-confirm the situation or walk away.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy FREYR Battery stock