T1 Energy Inc (NYSE:TE) Receives $7.50 Average Price Target from Analysts

T1 Energy Inc (NYSE:TE) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.50.

A number of research analysts have commented on TE shares. Needham & Company LLC reaffirmed a “buy” rating on shares of T1 Energy in a research report on Thursday, December 11th. Industrial Alliance Securities set a $8.50 price target on shares of T1 Energy in a research note on Tuesday, December 9th. Roth Mkm restated a “buy” rating on shares of T1 Energy in a report on Tuesday, December 23rd. Alliance Global Partners reaffirmed a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 30th. Finally, Johnson Rice upgraded shares of T1 Energy to a “strong-buy” rating in a report on Tuesday, December 2nd.

Institutional Trading of T1 Energy

Several hedge funds have recently made changes to their positions in the business. First PREMIER Bank purchased a new position in T1 Energy in the fourth quarter valued at approximately $30,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of T1 Energy during the 4th quarter worth approximately $186,000. Apella Capital LLC acquired a new position in shares of T1 Energy in the 4th quarter valued at $138,000. Ethos Financial Group LLC purchased a new position in shares of T1 Energy in the 4th quarter valued at $759,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in T1 Energy during the 4th quarter worth $90,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

T1 Energy Trading Up 2.2%

NYSE:TE opened at $8.55 on Thursday. The firm has a market cap of $1.82 billion, a P/E ratio of -2.26 and a beta of 1.56. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.72 and a current ratio of 1.13. T1 Energy has a one year low of $0.92 and a one year high of $9.29. The firm has a 50-day simple moving average of $5.95 and a 200-day simple moving average of $3.60.

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.