the time is ripe for norwegian battery maker freyr battery frey  morgan stanley analysts led by adam jonas said in a note wednesday increasing their price target on the stock to 26 and setting a bull case to 60 which would represent an upside of nearly 300 over tuesdays share price the environment is becoming ripe for frey to become a real player in the global battery economy later this decade with freyr inking important agreements and hitting operational milestones and also benefiting from the uss inflation reduction act the analysts said moreover freyr is one of the few publicly traded pure plays in the energy storage systems universe they said the analysts kept their rating on freyr at the equivalent of buy the stock has gained more than 30 so far this year contrasting with losses of nearly 19 for the sp 500 index spx