T1 Energy (NYSE:TE) Stock Price Down 11.9% - What's Next?

Key Points

• T1 Energy shares fell 11.9% intraday to $8.01 (low $7.98) from a prior close of $9.09, with about 9.16 million shares traded — roughly 61% below its average daily volume.
• The company shows weak fundamentals (quarterly EPS of ($0.85), a negative net margin of 133% and a debt-to-equity ratio of 5.87), while analysts have a consensus "Moderate Buy" and an average target of $7.50, below the current price.

T1 Energy Inc (NYSE:TE - Get Free Report) was down 11.9% on Wednesday . The company traded as low as $7.98 and last traded at $8.01. Approximately 9,158,249 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 23,319,543 shares. The stock had previously closed at $9.09.

Analyst Upgrades and Downgrades

TE has been the subject of a number of research reports. Wall Street Zen downgraded T1 Energy from a "hold" rating to a "sell" rating in a report on Saturday, October 25th. Alliance Global Partners reaffirmed a "buy" rating on shares of T1 Energy in a research note on Tuesday, December 30th. Needham & Company LLC reiterated a "buy" rating on shares of T1 Energy in a report on Thursday, December 11th. Zacks Research upgraded shares of T1 Energy to a "hold" rating in a report on Tuesday, November 25th. Finally, Johnson Rice upgraded shares of T1 Energy to a "strong-buy" rating in a research note on Tuesday, December 2nd. One investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $7.50.

T1 Energy Stock Down 15.0%

The firm has a market capitalization of $1.64 billion, a P/E ratio of -2.04 and a beta of 1.60. The firm's 50 day moving average is $6.76 and its two-hundred day moving average is $3.98. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.13 and a quick ratio of 0.72.

T1 Energy (NYSE:TE - Get Free Report) last announced its quarterly earnings results on Friday, November 14th. The utilities provider reported ($0.85) EPS for the quarter. T1 Energy had a negative net margin of 133.07% and a negative return on equity of 121.17%. The firm had revenue of $210.52 million during the quarter.

Institutional Trading of T1 Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC bought a new position in shares of T1 Energy in the fourth quarter worth about $82,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in T1 Energy during the 4th quarter worth approximately $662,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in T1 Energy in the 4th quarter valued at approximately $327,000. Jennison Associates LLC acquired a new stake in T1 Energy in the fourth quarter valued at approximately $2,637,000. Finally, Kim LLC acquired a new stake in T1 Energy in the fourth quarter valued at approximately $8,684,000. 52.31% of the stock is currently owned by institutional investors.

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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