T1 Energy (NYSE:TE) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

T1 Energy Inc (NYSE:TE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.91 and traded as high as $7.18. T1 Energy shares last traded at $7.1750, with a volume of 9,727,534 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Johnson Rice raised shares of T1 Energy to a “strong-buy” rating in a research note on Tuesday, December 2nd. Alliance Global Partners restated a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 30th. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research note on Monday, December 29th. Roth Mkm reaffirmed a “buy” rating on shares of T1 Energy in a report on Tuesday, December 23rd. Finally, iA Financial set a $8.50 target price on shares of T1 Energy in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

T1 Energy Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.72 and a debt-to-equity ratio of 5.87. The business’s fifty day moving average is $7.38 and its 200 day moving average is $4.91. The firm has a market capitalization of $1.52 billion, a P/E ratio of -1.90 and a beta of 1.66.

Institutional Investors Weigh In On T1 Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. acquired a new position in shares of T1 Energy in the 4th quarter worth $28,000. First PREMIER Bank purchased a new stake in shares of T1 Energy during the fourth quarter valued at $30,000. Strs Ohio purchased a new stake in shares of T1 Energy during the fourth quarter valued at $32,000. Russell Investments Group Ltd. acquired a new position in shares of T1 Energy in the 4th quarter valued at $63,000. Finally, Elevatus Welath Management acquired a new position in shares of T1 Energy in the 4th quarter valued at $67,000. Institutional investors and hedge funds 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.