T1 Energy Inc (NYSE:TE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of T1 Energy Inc (NYSE:TE) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.50.

Several research firms recently weighed in on TE. BTIG Research lifted their target price on shares of T1 Energy from $3.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen cut T1 Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Roth Mkm reaffirmed a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 23rd. Needham & Company LLC reiterated a “buy” rating on shares of T1 Energy in a report on Thursday, December 11th. Finally, iA Financial set a $8.50 target price on T1 Energy in a research note on Tuesday, December 9th.

Institutional Trading of T1 Energy

A number of large investors have recently modified their holdings of the stock. Mayflower Financial Advisors LLC purchased a new stake in shares of T1 Energy in the 4th quarter valued at approximately $143,000. Encompass Capital Advisors LLC purchased a new stake in shares of T1 Energy during the 2nd quarter worth $16,560,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of T1 Energy during the second quarter worth $153,000. Franklin Resources Inc. acquired a new position in shares of T1 Energy during the second quarter worth $1,180,000. Finally, Laidlaw Wealth Management LLC purchased a new position in T1 Energy in the second quarter valued at $55,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

T1 Energy Stock Performance

Shares of T1 Energy stock opened at $6.12 on Monday. T1 Energy has a 52 week low of $0.92 and a 52 week high of $9.78. The business’s fifty day simple moving average is $7.24 and its 200-day simple moving average is $4.30. The firm has a market cap of $1.30 billion, a PE ratio of -1.62 and a beta of 1.60. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87.

T1 Energy (NYSE:TE) last issued its quarterly earnings data on Friday, November 14th. The utilities provider reported ($0.85) earnings per share (EPS) for the quarter. The business 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%.

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.