T1 Energy Inc (NYSE:TE) Receives $7.50 Consensus PT from Analysts

T1 Energy Inc (NYSE:TE) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.50.

TE has been the topic of several recent research reports. Wall Street Zen cut T1 Energy from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Roth Mkm reiterated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 23rd. Zacks Research upgraded T1 Energy to a “hold” rating in a research note on Tuesday, November 25th. Industrial Alliance Securities set a $8.50 price target on T1 Energy in a report on Tuesday, December 9th. Finally, Johnson Rice raised shares of T1 Energy to a “strong-buy” rating in a research note on Tuesday, December 2nd.

T1 Energy Stock Down 4.2%

TE stock opened at $8.14 on Thursday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -2.15 and a beta of 1.56. The company has a fifty day moving average price of $6.05 and a 200 day moving average price of $3.66. 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 has a 12 month low of $0.92 and a 12 month high of $9.28.

T1 Energy (NYSE:TE) last posted its quarterly earnings data on Friday, November 14th. The utilities provider reported ($0.85) EPS for the quarter. T1 Energy had a negative net margin of 133.07% and a negative return on equity of 121.17%. The business had revenue of $210.52 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TE. Strs Ohio acquired a new stake in T1 Energy in the first quarter valued at about $26,000. Voya Investment Management LLC purchased a new position in shares of T1 Energy during the 1st quarter worth approximately $39,000. Goldman Sachs Group Inc. acquired a new stake in shares of T1 Energy in the 1st quarter valued at approximately $574,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of T1 Energy in the second quarter valued at approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of T1 Energy in the second quarter valued at approximately $59,000. 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.