T1 Energy (NYSE:TE) Stock Price Down 9.3% - Should You Sell?

Key Points

• Stock fell 9.3% intraday to $6.81 (previous close $7.51) on Wednesday with ~10.66 million shares traded, about 54% below its average daily volume.
• T1 Energy shows weak fundamentals — market cap ~$1.45 billion, negative earnings (last quarter EPS -$0.85), a negative net margin of 133% and high leverage with a debt-to-equity ratio of 5.87.
• Analyst sentiment is mixed but tilted positive: MarketBeat’s consensus is a “Moderate Buy” with a $7.50 target, based on one Strong Buy, four Buys, one Hold and one Sell rating.

T1 Energy Inc (NYSE:TE - Get Free Report)'s stock price was down 9.3% during trading on Wednesday . The company traded as low as $6.76 and last traded at $6.81. Approximately 10,657,309 shares were traded during trading, a decline of 54% from the average daily volume of 23,184,041 shares. The stock had previously closed at $7.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TE shares. Needham & Company LLC restated a "buy" rating on shares of T1 Energy in a research report on Thursday, December 11th. Alliance Global Partners reissued a "buy" rating on shares of T1 Energy in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of T1 Energy in a report on Monday, December 29th. Zacks Research upgraded shares of T1 Energy to a "hold" rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen cut shares of T1 Energy from a "hold" rating to a "sell" rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.

T1 Energy Trading Down 9.1%

The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -1.81 and a beta of 1.60. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.72 and a current ratio of 1.13. The business's 50-day simple moving average is $7.14 and its 200-day simple moving average is $4.20.

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

Hedge Funds Weigh In On T1 Energy

Several institutional investors have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC acquired a new stake in T1 Energy during the 4th quarter worth approximately $186,000. First PREMIER Bank acquired a new stake in T1 Energy in the 4th quarter valued at $30,000. Apella Capital LLC bought a new stake in T1 Energy during the fourth quarter worth about $138,000. Ethos Financial Group LLC acquired a new stake in shares of T1 Energy in the 4th quarter valued at approximately $759,000. Finally, Highline Wealth Partners LLC bought a new position in shares of T1 Energy in the 4th quarter valued at about $100,000. Institutional investors own 52.31% of the company's stock.

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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