T1 Energy (NYSE:TE) Stock Price Down 6.3% - Time to Sell?

Key Points

• T1 Energy shares fell 6.3% to about $4.49 in Monday trading, well below their 50-day and 200-day moving averages. Trading volume was approximately 3.4 million shares, down 88% from the average session volume.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $9.12, although individual targets range from $7 to $16.
• The company’s latest quarterly results beat expectations, reporting a loss of $0.09 per share versus the projected $0.13 loss, but it continues to face financial pressure, including a negative net margin of 38.49%, negative return on equity, and a debt-to-equity ratio of 3.50.

T1 Energy Inc (NYSE:TE - Get Free Report)'s stock price traded down 6.3% on Monday . The company traded as low as $4.55 and last traded at $4.4880. Approximately 3,424,517 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 27,790,117 shares. The stock had previously closed at $4.79.

Analysts Set New Price Targets

TE has been the subject of a number of analyst reports. BTIG Research increased their target price on shares of T1 Energy from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Northland Securities started coverage on shares of T1 Energy in a report on Wednesday, June 3rd. They issued an "outperform" rating and a $16.00 price target on the stock. Sanford C. Bernstein started coverage on T1 Energy in a research report on Tuesday, June 16th. They set a "market perform" rating and a $9.00 price target on the stock. Needham & Company LLC lowered their price objective on T1 Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded T1 Energy from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.12.

T1 Energy Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.30 and a debt-to-equity ratio of 3.50. The stock's 50 day moving average price is $6.15 and its two-hundred day moving average price is $6.62. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -2.25 and a beta of 2.24.

T1 Energy (NYSE:TE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $250.13 million for the quarter. T1 Energy had a negative return on equity of 149.67% and a negative net margin of 38.49%. Equities research analysts forecast that T1 Energy Inc will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On T1 Energy

A number of hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of T1 Energy by 821.3% during the 2nd quarter. California State Teachers Retirement System now owns 2,211,096 shares of the utilities provider's stock worth $20,961,000 after purchasing an additional 1,971,093 shares during the period. AlphaGrep UK Ltd purchased a new stake in T1 Energy in the 2nd quarter valued at about $372,000. Headlands Technologies LLC acquired a new position in T1 Energy in the second quarter valued at about $731,000. Ratan Capital Management LP acquired a new position in T1 Energy in the second quarter valued at about $1,896,000. Finally, Bank of New York Mellon Corp purchased a new position in T1 Energy during the second quarter worth about $7,768,000. Hedge funds and other institutional investors own 52.31% of the company's stock.

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.

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