T1 Energy (NYSE:TE) Upgraded at Sanford C. Bernstein

T1 Energy (NYSE:TE) was upgraded by analysts at Sanford C. Bernstein to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of T1 Energy in a research report on Tuesday, May 12th. Zacks Research upgraded shares of T1 Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. BTIG Research boosted their price target on shares of T1 Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Northland Securities began coverage on shares of T1 Energy in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Wall Street Zen upgraded shares of T1 Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

T1 Energy Price Performance

Shares of T1 Energy stock opened at $9.09 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 2.05. The company’s 50-day moving average price is $7.06 and its two-hundred day moving average price is $6.87. T1 Energy has a 52 week low of $1.15 and a 52 week high of $12.49. The stock has a market cap of $2.54 billion, a PE ratio of -4.48 and a beta of 2.14.

T1 Energy (NYSE:TE) last issued its quarterly earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.13. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. The firm had revenue of $177.65 million for the quarter. During the same quarter last year, the firm posted ($0.11) earnings per share. As a group, sell-side analysts anticipate that T1 Energy will post -0.2 EPS for the current fiscal year.

Insider Transactions at T1 Energy

In other T1 Energy news, major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $8.14, for a total transaction of $77,330,000.00. Following the sale, the insider owned 30,652,664 shares in the company, valued at approximately $249,512,684.96. The trade was a 23.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.44% of the company’s stock.

Institutional Trading of T1 Energy

Several institutional investors and hedge funds have recently bought and sold shares of TE. Strs Ohio acquired a new stake in T1 Energy during the 1st quarter worth about $26,000. Envestnet Asset Management Inc. acquired a new stake in T1 Energy during the 2nd quarter worth about $27,000. NBC Securities Inc. acquired a new stake in T1 Energy during the 4th quarter worth about $28,000. First PREMIER Bank acquired a new stake in T1 Energy during the 4th quarter worth about $30,000. Finally, Blackhawk Capital Partners LLC acquired a new stake in T1 Energy during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

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.