T1 Energy (NYSE:TE) Stock Price Up 9.8% – What’s Next?

T1 Energy Inc (NYSE:TE)’s stock price traded up 9.8% during mid-day trading on Tuesday . The company traded as high as $9.00 and last traded at $8.94. 4,427,679 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 24,447,809 shares. The stock had previously closed at $8.14.

Analyst Ratings Changes

TE has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of T1 Energy in a research note on Thursday, December 11th. Johnson Rice raised T1 Energy to a “strong-buy” rating in a research report on Tuesday, December 2nd. Roth Mkm reaffirmed a “buy” rating on shares of T1 Energy in a report on Tuesday, December 23rd. Zacks Research upgraded T1 Energy to a “hold” rating in a research report on Tuesday, November 25th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of T1 Energy in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, T1 Energy currently has an average rating of “Moderate Buy” and an average price target of $7.50.

T1 Energy Stock Performance

The stock has a fifty day moving average of $6.41 and a 200-day moving average of $3.79. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $1.88 billion, a PE ratio of -2.35 and a beta of 1.56.

T1 Energy (NYSE:TE) last issued its earnings results on Friday, November 14th. The utilities provider reported ($0.85) EPS for the quarter. The firm had revenue of $210.52 million for the quarter. T1 Energy had a negative return on equity of 121.17% and a negative net margin of 133.07%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Freedom Investment Management Inc. purchased a new position in shares of T1 Energy in the second quarter valued at $25,000. FSM Wealth Advisors LLC acquired a new position in T1 Energy in the 2nd quarter valued at $25,000. Strs Ohio purchased a new position in shares of T1 Energy during the 1st quarter worth $26,000. Envestnet Asset Management Inc. purchased a new position in shares of T1 Energy during the 2nd quarter worth $27,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in T1 Energy during the second quarter worth about $28,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

About T1 Energy

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.