5 Stocks To Sell Now According To David Einhorn’s Greenlight Capital

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In this article, we discuss 5 stocks to sell now according to David Einhorn’s Greenlight Capital. You can see some more stocks sold by Greenlight Capital in the first quarter of 2022 by clicking 10 Stocks To Sell Now According To David Einhorn’s Greenlight Capital.

5. FREYR Battery (NYSE:FREY)

Percentage of Decline in Stake in Q1: 100%

Number Of Hedge Fund Holders: 21

Fueled by hydro and wind energy, FREYR Battery (NYSE:FREY) is a Norway-based company that designs and manufactures high-density lithium-ion batteries for electric mobility, stationary energy storage, and marine and aviation applications.

Earlier this May, FREYR Battery (NYSE:FREY) signed a conditional agreement with Powin Energy Corporation to offtake battery cells produced by FREYR for energy storage system applications in the North American market and beyond.

The EPS for FREYR Battery (NYSE:FREY) in the fiscal third quarter was -$0.30, missing market estimates by $0.20. The company’s stock has fallen 33.41% in the past six months.

Our hedge fund data shows 21 hedge funds holding stakes in FREYR Battery (NYSE:FREY) in the fourth quarter of 2021, with a total stake value of $376.4 million. Sylebra Capital Management was the largest stakeholder for the quarter, holding 12.7 million shares worth over $142 million.

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