T1 Energy Inc (NYSE:TE) Given Average Recommendation of “Moderate Buy” by Brokerages

T1 Energy Inc (NYSE:TE) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $7.8333.

Several analysts recently issued reports on the company. Zacks Research downgraded T1 Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, April 3rd. Needham & Company LLC reduced their price target on T1 Energy from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th.

T1 Energy Stock Up 7.1%

TE stock opened at $5.14 on Friday. The business’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $5.82. The firm has a market capitalization of $1.44 billion, a PE ratio of -2.50 and a beta of 1.78. T1 Energy has a 1-year low of $0.93 and a 1-year high of $9.78. The company has a current ratio of 1.43, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37.

T1 Energy (NYSE:TE) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.90). The firm had revenue of $358.55 million during the quarter. T1 Energy had a negative net margin of 48.11% and a negative return on equity of 173.39%. During the same period in the previous year, the business earned ($2.59) EPS. As a group, research analysts anticipate that T1 Energy will post -0.47 EPS for the current year.

Institutional Trading of T1 Energy

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in T1 Energy in the 4th quarter valued at $69,894,000. Kim LLC bought a new stake in T1 Energy in the 2nd quarter valued at $8,816,000. Southpoint Capital Advisors LP bought a new stake in T1 Energy in the 4th quarter valued at $40,080,000. State Street Corp bought a new stake in T1 Energy in the 4th quarter valued at $34,386,000. Finally, Geode Capital Management LLC bought a new stake in T1 Energy in the 4th quarter valued at $23,948,000. 52.31% of the stock is currently owned by institutional investors.

About T1 Energy

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.