Round Rock Advisors LLC Makes New Investment in T1 Energy Inc $TE

Round Rock Advisors LLC bought a new position in shares of T1 Energy Inc (NYSE:TE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 179,481 shares of the utilities provider’s stock, valued at approximately $1,199,000. Round Rock Advisors LLC owned about 0.08% of T1 Energy at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in T1 Energy during the second quarter worth about $27,000. Strs Ohio acquired a new position in T1 Energy during the first quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in T1 Energy during the fourth quarter worth about $327,000. Fiscal Wisdom Wealth Management LLC acquired a new position in T1 Energy during the fourth quarter worth about $103,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in T1 Energy during the fourth quarter worth about $186,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

T1 Energy Stock Performance

Shares of TE stock opened at $4.96 on Tuesday. T1 Energy Inc has a one year low of $0.93 and a one year high of $9.78. 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 company has a 50 day moving average price of $6.16 and a 200 day moving average price of $5.74. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.41 and a beta of 1.82.

T1 Energy (NYSE:TE) last issued its quarterly 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 for the quarter. During the same period last year, the business earned ($2.59) earnings per share. Sell-side analysts anticipate that T1 Energy Inc will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TE. Zacks Research lowered shares of T1 Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, April 3rd. Needham & Company LLC cut their price objective on shares of T1 Energy from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Roth Mkm reissued a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 23rd. Alliance Global Partners reissued a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 30th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.83.

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.