Analysts Set T1 Energy Inc (NYSE:TE) PT at $7.50

Shares of T1 Energy Inc (NYSE:TE) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.50.

A number of analysts recently issued reports on TE shares. Alliance Global Partners restated a “buy” rating on shares of T1 Energy in a report on Tuesday, December 30th. Roth Mkm reiterated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 23rd. Johnson Rice raised shares of T1 Energy to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research report on Monday, December 29th. Finally, iA Financial set a $8.50 price target on shares of T1 Energy in a research note on Tuesday, December 9th.

T1 Energy Trading Down 1.7%

NYSE TE opened at $7.61 on Friday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.01 and a beta of 1.66. T1 Energy has a one year low of $0.92 and a one year high of $9.78. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.13 and a quick ratio of 0.72. The business’s fifty day moving average is $7.48 and its 200-day moving average is $5.08.

Institutional Trading of T1 Energy

Large investors have recently bought and sold shares of the company. Encompass Capital Advisors LLC bought a new stake in shares of T1 Energy in the second quarter valued at $16,560,000. Vanguard Group Inc. bought a new position in shares of T1 Energy during the 4th quarter worth $69,894,000. Kim LLC bought a new position in shares of T1 Energy during the 2nd quarter worth $8,816,000. Southpoint Capital Advisors LP purchased a new stake in T1 Energy in the 4th quarter worth about $40,080,000. Finally, State Street Corp purchased a new stake in T1 Energy in the 4th quarter worth about $34,386,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

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.