T1 Energy (NYSE:TE) Reaches New 1-Year Low - Here's Why

Key Points

• T1 Energy shares fell to a new 52-week low of $2.52 during Monday trading, well below their 50-day moving average of $4.23 and 200-day moving average of $5.92.
• Analyst views remain mixed, but the stock carries a consensus “Moderate Buy” rating and an average price target of $7.60, significantly above its current price; targets range from $7.00 to $9.00.
• The company remains unprofitable, reporting a negative net margin of 38.49% and negative return on equity of 149.67%, while institutional investors and hedge funds own 52.31% of the shares.

T1 Energy Inc (NYSE:TE - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $2.52 and last traded at $2.5050, with a volume of 7,282,795 shares. The stock had previously closed at $2.62.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BTIG Research increased their price objective on T1 Energy from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Wall Street Zen cut T1 Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 22nd. Northland Securities set a $9.00 target price on T1 Energy in a research note on Monday, October 5th. Weiss Ratings raised T1 Energy from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday. Finally, Needham & Company LLC lowered their price target on T1 Energy from $8.00 to $7.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.60.

T1 Energy Price Performance

The stock has a market capitalization of $728.96 million, a price-to-earnings ratio of -1.25 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 $4.23 and its 200 day moving average is $5.92.

T1 Energy (NYSE:TE - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $250.13 million during the quarter. T1 Energy had a negative net margin of 38.49% and a negative return on equity of 149.67%. Research analysts anticipate that T1 Energy Inc will post -0.34 EPS for the current fiscal year.

Institutional Trading of T1 Energy

A number of large investors have recently made changes to their positions in TE. SLT Holdings LLC acquired a new stake in T1 Energy during the 3rd quarter worth $237,000. B. Riley Wealth Advisors Inc. purchased a new position in T1 Energy during the 3rd quarter worth $46,000. Green Alpha Advisors LLC increased its stake in T1 Energy by 3.6% in the third quarter. Green Alpha Advisors LLC now owns 248,075 shares of the utilities provider's stock valued at $958,000 after purchasing an additional 8,665 shares during the period. Apella Capital LLC grew its holdings in shares of T1 Energy by 68.1% during the third quarter. Apella Capital LLC now owns 55,523 shares of the utilities provider's stock worth $207,000 after buying an additional 22,500 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of T1 Energy by 112.1% during the third quarter. Venture Visionary Partners LLC now owns 248,309 shares of the utilities provider's stock worth $958,000 after buying an additional 131,213 shares during the last quarter. 52.31% of the stock is owned by institutional investors and hedge funds.

About T1 Energy

T1 Energy Inc NYSE: TE is a U.S.-focused renewable energy company developing domestic solar manufacturing and related clean-energy infrastructure. The company's activities center on producing solar photovoltaic components, including solar cells and modules, for the North American market.

T1 Energy is developing its Project Jupiter solar manufacturing platform in Texas, which is intended to support the production of solar products within the United States. The company's strategy emphasizes strengthening the domestic solar supply chain and serving utility-scale, commercial, and other solar-energy applications.

The company was formerly known as FREYR Battery and previously pursued lithium-ion battery manufacturing projects.

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