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

Shares of T1 Energy Inc (NYSE:TE) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.00.

Several equities analysts have recently commented on the company. Zacks Research raised T1 Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. BTIG Research increased their target price on T1 Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price target on shares of T1 Energy in a research note on Tuesday, May 12th.

Insider Activity

In other news, major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $8.14, for a total value of $77,330,000.00. Following the sale, the insider directly owned 30,652,664 shares of the company’s stock, valued at approximately $249,512,684.96. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On T1 Energy

Several hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of T1 Energy by 4.6% in the first quarter. Sei Investments Co. now owns 43,776 shares of the utilities provider’s stock valued at $192,000 after buying an additional 1,911 shares during the period. NBC Securities Inc. acquired a new stake in shares of T1 Energy in the fourth quarter valued at approximately $28,000. First PREMIER Bank acquired a new stake in shares of T1 Energy in the fourth quarter valued at approximately $30,000. Strs Ohio acquired a new stake in shares of T1 Energy in the fourth quarter valued at approximately $32,000. Finally, Insight Advisors LLC PA grew its holdings in T1 Energy by 21.3% during the 1st quarter. Insight Advisors LLC PA now owns 37,000 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 6,500 shares during the period. Institutional investors own 52.31% of the company’s stock.

T1 Energy Trading Up 29.8%

Shares of NYSE TE opened at $10.49 on Wednesday. The stock’s 50 day moving average price is $5.86 and its two-hundred day moving average price is $6.17. T1 Energy has a 52-week low of $1.03 and a 52-week high of $10.80. The stock has a market capitalization of $2.93 billion, a P/E ratio of -5.17 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 2.05.

T1 Energy (NYSE:TE) last announced its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.13. T1 Energy had a negative return on equity of 150.51% and a negative net margin of 42.30%.The firm had revenue of $177.65 million for the quarter. During the same quarter in the previous year, the company earned ($0.11) EPS. On average, analysts anticipate that T1 Energy will post -0.29 earnings per share for the current fiscal year.

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.