T1 Energy Inc (NYSE:TE – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.1250.
A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of T1 Energy in a report on Wednesday, July 8th. Wall Street Zen lowered T1 Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Zacks Research upgraded T1 Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Northland Securities assumed coverage on T1 Energy in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $16.00 target price on the stock. Finally, BTIG Research boosted their price target on T1 Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.
Insider Activity at T1 Energy
Hedge Funds Weigh In On T1 Energy
A number of institutional investors and hedge funds have recently bought and sold shares of TE. FNY Investment Advisers LLC lifted its stake in shares of T1 Energy by 101.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 20,894 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 10,544 shares during the period. NewEdge Advisors LLC raised its holdings in T1 Energy by 8,445.7% during the first quarter. NewEdge Advisors LLC now owns 86,141 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 85,133 shares in the last quarter. Bank of America Corp DE lifted its position in T1 Energy by 435.9% in the first quarter. Bank of America Corp DE now owns 752,961 shares of the utilities provider’s stock worth $3,305,000 after purchasing an additional 612,452 shares during the period. Amundi lifted its position in T1 Energy by 17.0% in the first quarter. Amundi now owns 169,881 shares of the utilities provider’s stock worth $746,000 after purchasing an additional 24,634 shares during the period. Finally, Situational Awareness LP bought a new position in T1 Energy during the 1st quarter valued at $43,900,000. Institutional investors own 52.31% of the company’s stock.
T1 Energy Trading Down 0.6%
Shares of NYSE:TE opened at $6.07 on Thursday. The company has a market cap of $1.69 billion, a PE ratio of -2.99 and a beta of 2.16. The company’s 50-day moving average price is $8.42 and its 200 day moving average price is $7.22. T1 Energy has a fifty-two week low of $1.15 and a fifty-two week high of $12.49. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 2.05.
T1 Energy (NYSE:TE – Get Free Report) last posted its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.13. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. The firm had revenue of $177.65 million during the quarter. During the same period in the previous year, the firm earned ($0.11) earnings per share. Sell-side analysts anticipate that T1 Energy will post -0.2 earnings per share for the current year.
T1 Energy Company Profile
T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.
Featured Stories
- Five stocks we like better than T1 Energy
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for T1 Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T1 Energy and related companies with MarketBeat.com's FREE daily email newsletter.
