T1 Energy (NYSE:TE) Shares Gap Down - What's Next?

Key Points

• T1 Energy shares gapped down about 25.5%, opening at $4.32 (previous close $5.62) and trading with heavy volume (~9.26M shares) as the stock last traded near $4.52.
• Wall Street sentiment remains skewed positive with an average rating of "Moderate Buy" and an average price target of $7.50 (majority of recent analyst actions are Buy or Strong Buy).
• Fundamentals show weakness: the company reported a quarterly EPS of -$0.87, negative margins and ROE, and a high debt-to-equity ratio of 5.87, despite institutional investors initiating or adding positions.

T1 Energy Inc (NYSE:TE - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.62, but opened at $4.32. T1 Energy shares last traded at $4.5190, with a volume of 9,255,207 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TE shares. iA Financial set a $8.50 price target on T1 Energy in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of T1 Energy in a report on Friday. Needham & Company LLC reiterated a "buy" rating on shares of T1 Energy in a research report on Thursday, December 11th. Roth Mkm reiterated a "buy" rating on shares of T1 Energy in a report on Tuesday, December 23rd. Finally, Alliance Global Partners reissued a "buy" rating on shares of T1 Energy in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.50.

T1 Energy Trading Down 25.5%

The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87. The firm's 50 day moving average is $7.31 and its two-hundred day moving average is $5.47. The stock has a market cap of $889.19 million, a price-to-earnings ratio of -1.10 and a beta of 1.66.

T1 Energy (NYSE:TE - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share (EPS) for the quarter. T1 Energy had a negative net margin of 133.07% and a negative return on equity of 121.17%. The company had revenue of $358.55 million for the quarter. During the same period in the prior year, the company earned ($2.59) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Creek Drive Management Group LLC bought a new position in shares of T1 Energy in the fourth quarter worth $788,000. Hsbc Holdings PLC bought a new stake in shares of T1 Energy during the fourth quarter valued at about $109,000. Caitong International Asset Management Co. Ltd acquired a new stake in T1 Energy in the fourth quarter worth about $2,007,000. Invesco Ltd. bought a new position in T1 Energy in the 4th quarter valued at about $17,405,000. Finally, Empowered Funds LLC bought a new position in T1 Energy in the 4th quarter valued at about $3,830,000. Institutional investors and hedge funds own 52.31% of the company's stock.

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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