T1 Energy Inc (NYSE:TE) Receives $7.83 Consensus PT from Analysts

T1 Energy Inc (NYSE:TE) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.8333.

A number of equities research analysts have commented on TE shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. Needham & Company LLC dropped their price objective on T1 Energy from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Zacks Research downgraded T1 Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, April 3rd.

T1 Energy Trading Up 19.7%

NYSE TE opened at $6.16 on Friday. The business’s 50-day moving average price is $5.87 and its two-hundred day moving average price is $5.87. T1 Energy has a 12 month low of $0.93 and a 12 month high of $9.78. The firm has a market capitalization of $1.72 billion, a PE ratio of -2.99 and a beta of 1.78. The company has a current ratio of 1.43, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37.

T1 Energy (NYSE:TE) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.90). T1 Energy had a negative net margin of 48.11% and a negative return on equity of 173.39%. The company had revenue of $358.55 million during the quarter. During the same quarter in the previous year, the business earned ($2.59) EPS. On average, analysts expect that T1 Energy will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of T1 Energy in the 4th quarter valued at about $28,000. First PREMIER Bank acquired a new position in shares of T1 Energy in the 4th quarter valued at about $30,000. Strs Ohio acquired a new position in shares of T1 Energy in the 4th quarter valued at about $32,000. Russell Investments Group Ltd. acquired a new position in shares of T1 Energy in the 4th quarter valued at about $63,000. Finally, Elevatus Welath Management acquired a new position in shares of T1 Energy in the 4th quarter valued at about $67,000. 52.31% of the stock is owned by institutional investors and hedge funds.

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.