T1 Energy (NYSE:TE) Rating Lowered to Strong Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded T1 Energy from “sell” to “strong sell,” despite the stock retaining a MarketBeat consensus rating of “Moderate Buy” and an average analyst price target of $9.12.
• T1 Energy shares opened at $4.45, well below their 50-day and 200-day moving averages of $6.59 and $6.75, respectively. The company has a high debt-to-equity ratio of 3.50 and a negative net margin of 38.49%.
• The company reported a quarterly loss of $0.09 per share, beating estimates for a $0.13 loss, on revenue of $250.13 million. Institutional investors own approximately 52.31% of the stock.

T1 Energy (NYSE:TE - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday.

TE has been the topic of a number of other reports. BTIG Research boosted their price objective on T1 Energy from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of T1 Energy from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Needham & Company LLC cut their target price on shares of T1 Energy from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday, July 28th. Sanford C. Bernstein began coverage on shares of T1 Energy in a research note on Tuesday, June 16th. They issued a "market perform" rating and a $9.00 target price for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of T1 Energy in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, T1 Energy has a consensus rating of "Moderate Buy" and an average target price of $9.12.

T1 Energy Price Performance

Shares of NYSE TE opened at $4.45 on Friday. 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 stock has a fifty day simple moving average of $6.59 and a two-hundred day simple moving average of $6.75. T1 Energy has a 1-year low of $1.42 and a 1-year high of $12.49. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -2.25 and a beta of 2.23.

T1 Energy (NYSE:TE - Get Free Report) last issued its earnings results 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 firm 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%. Analysts anticipate that T1 Energy will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On T1 Energy

A number of institutional investors and hedge funds have recently modified their holdings of TE. NBC Securities Inc. bought a new position in shares of T1 Energy in the fourth quarter valued at approximately $28,000. Strs Ohio bought a new stake in T1 Energy during the 4th quarter worth approximately $32,000. Russell Investments Group Ltd. bought a new stake in T1 Energy during the 4th quarter worth approximately $63,000. Bryn Mawr Trust Advisors LLC purchased a new stake in T1 Energy in the 4th quarter worth approximately $67,000. Finally, Blackhawk Capital Partners LLC purchased a new stake in T1 Energy in the 1st quarter worth approximately $44,000. 52.31% of the stock is owned by hedge funds and other 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.

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