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

T1 Energy Inc (NYSE:TE) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.50.

Several equities research analysts have recently issued reports on TE shares. Roth Mkm restated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a research report on Monday, December 29th. BTIG Research boosted their price objective on shares of T1 Energy from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Alliance Global Partners reiterated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 30th. Finally, Zacks Research upgraded T1 Energy to a “hold” rating in a research note on Tuesday, November 25th.

T1 Energy Stock Up 4.1%

TE stock opened at $9.49 on Thursday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -2.51 and a beta of 1.56. The company has a 50-day moving average of $6.29 and a two-hundred day moving average of $3.75. T1 Energy has a 52-week low of $0.92 and a 52-week 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.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. First PREMIER Bank acquired a new stake in T1 Energy during the fourth quarter worth $30,000. Elevatus Welath Management bought a new position in shares of T1 Energy during the 4th quarter worth about $67,000. WESPAC Advisors LLC bought a new position in shares of T1 Energy during the 4th quarter worth about $67,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of T1 Energy during the 4th quarter valued at about $90,000. Finally, Highline Wealth Partners LLC bought a new stake in T1 Energy in the fourth quarter valued at about $100,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

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.