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

Key Points

• Seven analysts give a consensus recommendation of Moderate Buy (2 sell, 4 buy, 1 strong buy) with an average 12‑month price target of $7.83.
• T1 Energy posted an earnings miss—EPS of -$0.87 vs. a $0.03 consensus—and shows weak profitability (negative ROE of 173.39% and net margin -48.11%), with analysts forecasting -$0.47 EPS for the fiscal year.
• Shares opened at $5.14 (up ~7.1%), the company has a market cap of $1.44B and a 12‑month range of $0.93–$9.78, with institutions owning about 52% of the stock.

Shares of T1 Energy Inc (NYSE:TE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.8333.

A number of research firms recently weighed in on TE. Needham & Company LLC decreased their target price on T1 Energy from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Weiss Ratings reissued a "sell (e+)" rating on shares of T1 Energy in a report on Friday, March 27th. Finally, Zacks Research lowered T1 Energy from a "hold" rating to a "strong sell" rating in a report on Friday, April 3rd.

T1 Energy Stock Up 7.1%

NYSE:TE opened at $5.14 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -2.50 and a beta of 1.78. T1 Energy has a twelve month low of $0.93 and a twelve month high of $9.78. The stock's 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.82. The company has a quick ratio of 1.18, a current ratio of 1.43 and a debt-to-equity ratio of 1.37.

T1 Energy (NYSE:TE - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.90). The company had revenue of $358.55 million for the quarter. T1 Energy had a negative return on equity of 173.39% and a negative net margin of 48.11%.During the same quarter last year, the business earned ($2.59) earnings per share. Equities research analysts expect that T1 Energy will post -0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. acquired a new position in shares of T1 Energy during the 4th quarter worth approximately $28,000. First PREMIER Bank acquired a new position in shares of T1 Energy during the 4th quarter worth approximately $30,000. Strs Ohio acquired a new position in shares of T1 Energy during the 4th quarter worth approximately $32,000. Russell Investments Group Ltd. acquired a new position in shares of T1 Energy during the 4th quarter worth approximately $63,000. Finally, Elevatus Welath Management acquired a new position in shares of T1 Energy during the 4th quarter worth approximately $67,000. 52.31% of the stock is owned by institutional investors and hedge funds.

T1 Energy Company 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.

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