T1 Energy Inc (TE) – What Are Researchers Saying About This Stock?

Shares of T1 Energy Inc (NYSE:TE) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.50.

Several equities research analysts have weighed in on TE shares. JPMorgan Chase & Co. assumed coverage on T1 Energy in a report on Monday, September 14th. They issued a “neutral” rating and a $5.00 price target for the company. Needham & Company LLC cut their price target on shares of T1 Energy from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings raised shares of T1 Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. BTIG Research lifted their price objective on shares of T1 Energy from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Northland Securities set a $9.00 price objective on shares of T1 Energy in a report on Monday, October 5th.

T1 Energy Price Performance

NYSE:TE opened at $2.29 on Friday. The firm has a market cap of $675.95 million, a price-to-earnings ratio of -1.16 and a beta of 2.36. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 3.50. The company’s 50-day moving average is $3.95 and its two-hundred day moving average is $5.84. T1 Energy has a 12-month low of $2.21 and a 12-month high of $12.49.

T1 Energy (NYSE:TE) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. T1 Energy had a negative return on equity of 149.67% and a negative net margin of 38.49%. The firm had revenue of $250.13 million during the quarter. Research analysts expect that T1 Energy will post -0.34 EPS for the current year.

Institutional Trading of T1 Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in T1 Energy by 993.0% during the 3rd quarter. Sterling Capital Management LLC now owns 6,886 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 6,256 shares during the last quarter. Blackhawk Capital Partners LLC purchased a new position in shares of T1 Energy in the first quarter worth about $44,000. SteelPeak Wealth LLC purchased a new position in shares of T1 Energy in the first quarter worth about $46,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of T1 Energy in the third quarter worth about $46,000. Finally, Waverly Advisors LLC acquired a new stake in shares of T1 Energy during the first quarter worth about $54,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

T1 Energy Company Profile

T1 Energy Inc is a U.S.-focused solar technology and manufacturing company working to develop a domestic solar supply chain. The company’s activities include the production and commercialization of solar photovoltaic modules, as well as the development of solar cell and related manufacturing capabilities.

T1 Energy operates through its G1 manufacturing facility in Texas and is developing additional solar manufacturing and energy infrastructure projects. Its products and services are intended to support utility-scale, commercial and residential solar installations in the United States.

The company was formerly known as FREYR Battery, a business established to develop lithium-ion battery manufacturing capacity.