T1 Energy (NYSE:TE) Stock Rating Upgraded by Zacks Research

T1 Energy (NYSE:TE) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th. 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 note on Tuesday, May 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of T1 Energy in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

T1 Energy Stock Down 0.3%

TE opened at $8.68 on Wednesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.98 and a current ratio of 1.25. T1 Energy has a fifty-two week low of $0.96 and a fifty-two week high of $9.78. The firm’s fifty day moving average is $5.80 and its 200 day moving average is $6.06. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -4.27 and a beta of 1.78.

T1 Energy (NYSE:TE) last released its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $177.65 million for the quarter. During the same quarter last year, the firm posted ($0.11) EPS. On average, sell-side analysts forecast that T1 Energy will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of T1 Energy

Several hedge funds have recently bought and sold shares of TE. Strs Ohio purchased a new stake in T1 Energy in the 1st quarter worth $26,000. Envestnet Asset Management Inc. bought a new stake in shares of T1 Energy in the 2nd quarter worth about $27,000. Geode Capital Management LLC bought a new stake in shares of T1 Energy in the 2nd quarter worth about $3,296,000. Cetera Investment Advisers bought a new stake in shares of T1 Energy in the 2nd quarter worth about $162,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of T1 Energy in the 2nd quarter worth about $71,000. Hedge funds and other institutional investors 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.