T1 Energy Inc (NYSE:TE) Receives $7.83 Average Price Target from Brokerages

T1 Energy Inc (NYSE:TE) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.8333.

A number of research analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. Zacks Research cut shares of T1 Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 3rd. Needham & Company LLC reduced their target price on shares of T1 Energy from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Finally, Alliance Global Partners reissued a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 30th.

T1 Energy Trading Up 8.4%

Shares of TE stock opened at $5.08 on Tuesday. The firm’s 50 day moving average price is $6.46 and its two-hundred day moving average price is $5.64. T1 Energy has a fifty-two week low of $0.93 and a fifty-two week high of $9.78. The company has a quick ratio of 1.18, a current ratio of 1.43 and a debt-to-equity ratio of 1.37. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -2.47 and a beta of 1.82.

T1 Energy (NYSE:TE) last posted its earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.90). T1 Energy had a negative return on equity of 173.39% and a negative net margin of 48.11%.The firm had revenue of $358.55 million for the quarter. During the same quarter in the prior year, the firm posted ($2.59) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TE. Kim LLC bought a new stake in shares of T1 Energy in the 4th quarter worth about $8,684,000. Inscription Capital LLC bought a new stake in shares of T1 Energy in the 4th quarter worth about $191,000. NBC Securities Inc. bought a new stake in shares of T1 Energy in the 4th quarter worth about $28,000. Focused Wealth Management Inc bought a new stake in shares of T1 Energy in the 4th quarter worth about $180,000. Finally, Fiscal Wisdom Wealth Management LLC bought a new stake in shares of T1 Energy in the 4th quarter worth about $103,000. 52.31% of the stock is 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.