T1 Energy Inc (NYSE:TE) Receives $9.12 Average Price Target from Analysts

T1 Energy Inc (NYSE:TE) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.1250.

TE has been the topic of a number of recent analyst reports. BTIG Research raised their price target on T1 Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Sanford C. Bernstein began coverage on shares of T1 Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $9.00 price objective for the company. Wall Street Zen downgraded shares of T1 Energy from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Zacks Research raised shares of T1 Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Northland Securities initiated coverage on shares of T1 Energy in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 target price for the company.

T1 Energy Trading Up 3.6%

Shares of TE stock opened at $6.05 on Thursday. T1 Energy has a 12-month low of $1.15 and a 12-month high of $12.49. The company has a market capitalization of $1.69 billion, a PE ratio of -2.98 and a beta of 2.16. The firm has a 50 day moving average price of $8.40 and a two-hundred day moving average price of $7.23. 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 posted its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $177.65 million during the quarter. During the same period in the prior year, the business posted ($0.11) EPS. As a group, analysts predict that T1 Energy will post -0.2 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Solar (Schweiz) Ag Trina sold 13,000,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $8.69, for a total transaction of $112,970,000.00. Following the completion of the transaction, the insider owned 40,152,664 shares of the company’s stock, valued at approximately $348,926,650.16. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.44% of the company’s stock.

Institutional Investors Weigh In On T1 Energy

Large investors have recently bought and sold shares of the stock. Strs Ohio bought a new stake in T1 Energy during the 1st quarter worth approximately $26,000. Envestnet Asset Management Inc. bought a new position in shares of T1 Energy in the second quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in T1 Energy in the 4th quarter valued at $28,000. First PREMIER Bank bought a new position in T1 Energy during the fourth quarter valued at about $30,000. Finally, Blackhawk Capital Partners LLC bought a new position in shares of T1 Energy during the 1st quarter valued at approximately $44,000. 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.