T1 Energy Inc (NYSE:TE) Receives Average Recommendation of “Moderate Buy” from Analysts

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

A number of analysts have weighed in on TE shares. Alliance Global Partners reissued a “buy” rating on shares of T1 Energy in a report on Tuesday, December 30th. Needham & Company LLC reaffirmed a “buy” rating on shares of T1 Energy in a research report on Thursday, December 11th. Wall Street Zen lowered shares of T1 Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Roth Mkm reissued a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of T1 Energy in a report on Monday, December 29th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TE. Strs Ohio acquired a new stake in shares of T1 Energy during the first quarter worth about $26,000. Vanguard Personalized Indexing Management LLC acquired a new position in T1 Energy in the 2nd quarter valued at about $59,000. Freedom Investment Management Inc. purchased a new stake in T1 Energy during the 2nd quarter valued at approximately $25,000. FSM Wealth Advisors LLC purchased a new stake in T1 Energy during the 2nd quarter valued at approximately $25,000. Finally, Ground Swell Capital LLC acquired a new stake in T1 Energy during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

T1 Energy Trading Down 1.4%

TE opened at $6.12 on Monday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.72 and a current ratio of 1.13. T1 Energy has a one year low of $0.92 and a one year high of $9.78. The company has a market cap of $1.30 billion, a P/E ratio of -1.62 and a beta of 1.60. The business’s 50-day simple moving average is $7.24 and its 200-day simple moving average is $4.30.

T1 Energy (NYSE:TE) last posted its earnings results 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%.

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.