T1 Energy (NYSE:TE) Stock Price Up 14.7% – What’s Next?

T1 Energy Inc (NYSE:TE)’s stock price traded up 14.7% on Friday . The stock traded as high as $5.78 and last traded at $5.9050. 9,631,538 shares were traded during trading, a decline of 47% from the average session volume of 18,165,051 shares. The stock had previously closed at $5.15.

Analysts Set New Price Targets

TE has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th. Needham & Company LLC lowered 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 note on Thursday, April 2nd. Finally, Zacks Research lowered T1 Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, April 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.83.

T1 Energy Stock Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.43. The business’s fifty day simple moving average is $5.87 and its 200-day simple moving average is $5.87. The firm has a market capitalization of $1.72 billion, a PE ratio of -2.99 and a beta of 1.78.

T1 Energy (NYSE:TE) last released its earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) EPS for the quarter, missing the consensus estimate 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 company had revenue of $358.55 million during the quarter. During the same quarter in the previous year, the business earned ($2.59) earnings per share. As a group, equities research analysts expect that T1 Energy Inc will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of T1 Energy in the first quarter worth about $26,000. Envestnet Asset Management Inc. bought a new position in T1 Energy during the second quarter valued at approximately $27,000. NBC Securities Inc. purchased a new position in T1 Energy during the 4th quarter valued at approximately $28,000. First PREMIER Bank purchased a new position in T1 Energy during the 4th quarter valued at approximately $30,000. Finally, Blackhawk Capital Partners LLC bought a new stake in T1 Energy in the 1st quarter worth approximately $44,000. Institutional investors own 52.31% of the company’s stock.

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.