T1 Energy (NYSE:TE) Shares Gap Down - Time to Sell?

Key Points

• Gap down: Shares gapped down premarket from $5.11 to an open of $4.60 and last traded around $4.6950 on heavy volume (9.15 million shares).
• Weak quarterly results: T1 reported EPS of ($0.87) versus a $0.03 consensus, with a negative net margin (~48.1%) and negative ROE (~173.4%), signaling continued profitability pressure.
• Mixed analyst view but modest upside: Broker ratings are mixed (one Strong Buy, four Buy, two Sell) with a MarketBeat average rating of "Moderate Buy" and an average price target of $7.83, while some firms (e.g., Zacks, Needham) have cut ratings/targets.

Shares of T1 Energy Inc (NYSE:TE - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $5.11, but opened at $4.60. T1 Energy shares last traded at $4.6950, with a volume of 9,147,439 shares trading hands.

Analysts Set New Price Targets

TE has been the topic of several analyst reports. Zacks Research cut T1 Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, April 3rd. Alliance Global Partners reiterated a "buy" rating on shares of T1 Energy in a research note on Tuesday, December 30th. Weiss Ratings reiterated a "sell (e+)" rating on shares of T1 Energy in a research note on Friday, March 27th. Roth Mkm reiterated a "buy" rating on shares of T1 Energy in a research note on Tuesday, December 23rd. Finally, Needham & Company LLC decreased their target price on shares of T1 Energy from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $7.83.

T1 Energy Price Performance

The company has a current ratio of 1.43, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $1.36 billion, a PE ratio of -2.39 and a beta of 1.82. The firm has a 50 day moving average price of $6.46 and a 200 day moving average price of $5.64.

T1 Energy (NYSE:TE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported ($0.87) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.90). The company had revenue of $358.55 million during the quarter. T1 Energy had a negative return on equity of 173.39% and a negative net margin of 48.11%.During the same period last year, the business earned ($2.59) EPS.

Institutional Investors Weigh In On T1 Energy

Several hedge funds and other institutional investors have recently modified their holdings of TE. Vanguard Group Inc. purchased a new stake in shares of T1 Energy in the 4th quarter worth $69,894,000. Kim LLC bought a new position in shares of T1 Energy during the 2nd quarter valued at about $8,816,000. Southpoint Capital Advisors LP bought a new position in shares of T1 Energy during the 4th quarter valued at about $40,080,000. State Street Corp bought a new position in shares of T1 Energy during the 4th quarter valued at about $34,386,000. Finally, Geode Capital Management LLC bought a new position in shares of T1 Energy during the 4th quarter valued at about $23,948,000. 52.31% of the stock is currently 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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