200,000 Shares in T1 Energy Inc $TE Bought by Ratan Capital Management LP

Ratan Capital Management LP bought a new position in shares of T1 Energy Inc (NYSE:TE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200,000 shares of the utilities provider’s stock, valued at approximately $1,896,000. T1 Energy makes up 0.6% of Ratan Capital Management LP’s holdings, making the stock its 25th biggest position. Ratan Capital Management LP owned about 0.07% of T1 Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of T1 Energy during the fourth quarter worth about $28,000. Strs Ohio purchased a new position in T1 Energy in the 4th quarter worth approximately $32,000. Russell Investments Group Ltd. bought a new position in shares of T1 Energy in the 4th quarter worth $63,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of T1 Energy during the 4th quarter valued at $67,000. Finally, Blackhawk Capital Partners LLC bought a new stake in shares of T1 Energy during the 1st quarter worth $44,000. 52.31% of the stock is currently owned by institutional investors.

T1 Energy Stock Down 2.8%

Shares of T1 Energy stock opened at $4.82 on Friday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.90 and a current ratio of 1.30. T1 Energy Inc has a 52-week low of $1.59 and a 52-week high of $12.49. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -2.43 and a beta of 2.23. The company’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.63.

T1 Energy (NYSE:TE) last issued its earnings results on Wednesday, August 12th. The utilities provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $250.13 million for the quarter. T1 Energy had a negative net margin of 38.49% and a negative return on equity of 149.67%. Equities research analysts forecast that T1 Energy Inc will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TE. BTIG Research increased their target price on T1 Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Northland Securities began coverage on T1 Energy in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of T1 Energy in a report on Wednesday, July 8th. Sanford C. Bernstein initiated 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 target for the company. Finally, Needham & Company LLC decreased their price objective on T1 Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.12.

T1 Energy 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.