T1 Energy Inc (NYSE:TE) Receives Consensus Rating of “Moderate Buy” from Analysts

T1 Energy Inc (NYSE:TE) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $9.1250.

A number of research analysts have weighed in on TE shares. Northland Securities started coverage on shares of T1 Energy in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of T1 Energy in a research note on Tuesday, May 12th. Wall Street Zen cut shares of T1 Energy from a “hold” rating to a “sell” rating in a research note on Sunday. BTIG Research upped their price target on shares of T1 Energy from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th.

T1 Energy Stock Down 0.6%

TE opened at $9.30 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -4.58 and a beta of 2.14. T1 Energy has a twelve month low of $1.15 and a twelve month high of $12.49. The company’s 50-day moving average price is $7.27 and its two-hundred day moving average price is $6.93.

T1 Energy (NYSE:TE) last released its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.13. The firm had revenue of $177.65 million for the quarter. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. As a group, equities analysts expect that T1 Energy will post -0.2 earnings per share for the current year.

Insider Activity at T1 Energy

In related news, major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $8.14, for a total transaction of $77,330,000.00. Following the sale, the insider directly owned 30,652,664 shares in the company, valued at approximately $249,512,684.96. This represents a 23.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.44% of the company’s stock.

Institutional Trading of T1 Energy

Institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of T1 Energy during the 1st quarter valued at approximately $26,000. Envestnet Asset Management Inc. purchased a new stake in shares of T1 Energy during the 2nd quarter valued at approximately $27,000. NBC Securities Inc. purchased a new stake in shares of T1 Energy during the 4th quarter valued at approximately $28,000. First PREMIER Bank purchased a new stake in shares of T1 Energy during the 4th quarter valued at approximately $30,000. Finally, Blackhawk Capital Partners LLC purchased a new stake in shares of T1 Energy during the 1st quarter valued at approximately $44,000. 52.31% of the stock is currently owned by hedge funds and other institutional investors.

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.