Fearnley Fonds Stock Recommendations and Price Targets

This is a list of recent ratings by Fearnley Fonds.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
12/8/2022	GRGSF Grieg Seafood ASA	Upgrade	6.00	81.00	Hold ➝ Buy	Low
12/8/2022	SALRF SalMar ASA	Upgrade	$64.00		Hold ➝ Buy	Low
11/14/2022	GRGSF Grieg Seafood ASA	Downgrade	6.00	76.00	Buy ➝ Hold	Low
11/7/2022	ERII Energy Recovery	Downgrade	$14.00		Buy ➝ Hold	Low
10/18/2022	AASZF Atlantic Sapphire ASA	Downgrade	$0.00	$4.00	Buy ➝ Sell	N/A
9/22/2022	CADLF Cadeler A/S	Initiated Coverage	$5.00		Buy	Low
8/8/2022	VWDRY Vestas Wind Systems A/S	Downgrade	8.00	155.00	Buy ➝ Sell	Low
2/23/2022	BKFKF P/F Bakkafrost	Upgrade	59.00	700.00	Hold ➝ Buy	Low
12/23/2021	ASC Ardmore Shipping	Downgrade	$16.00	$4.10	Hold	Low
11/16/2021	STECF Scatec ASA	Upgrade	$6.00		Sell ➝ Buy	Low
11/1/2021	SALRF SalMar ASA	Downgrade	$64.00		Buy ➝ Hold	Low
9/6/2021	SALRF SalMar ASA	Upgrade	$64.00	$700.00	Hold ➝ Buy	Low
5/7/2021	EGLE Eagle Bulk Shipping	Upgrade	$63.00		Hold ➝ Buy	Low
4/21/2021	GNK Genco Shipping & Trading	Upgrade	$20.00	$9.00 ➝ $152.00	Hold ➝ Buy	Low