T1 Energy (NYSE:TE) Stock Price Up 9.8% - Time to Buy?

Key Points

• T1 Energy shares rose 9.8% to about $4.59 on Friday, but trading volume was unusually light (~896,620 shares vs a 18.33 million average, roughly a 95% decline).
• The company posted a big earnings miss with EPS of ($0.87) versus a $0.03 estimate, alongside a negative ROE (173.39%) and a negative net margin (48.11%), highlighting ongoing profitability issues.
• Analyst views are mixed but tilt positive: MarketBeat shows a consensus rating of Moderate Buy and a $7.83 average target, with one Strong Buy, four Buy and two Sell ratings (including a recent strong sell from Zacks).

T1 Energy Inc (NYSE:TE - Get Free Report) shares rose 9.8% during trading on Friday . The stock traded as high as $4.49 and last traded at $4.5910. Approximately 896,620 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 18,330,148 shares. The stock had previously closed at $4.18.

Analyst Ratings Changes

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

T1 Energy Stock Up 7.5%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.43. The firm has a market cap of $954.60 million, a PE ratio of -2.18 and a beta of 1.82. The stock has a fifty day moving average price of $6.61 and a 200-day moving average price of $5.55.

T1 Energy (NYSE:TE - Get Free Report) last issued its earnings results on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.90). T1 Energy had a negative return on equity of 173.39% and a negative net margin of 48.11%.The firm had revenue of $358.55 million for the quarter. During the same period in the prior year, the firm earned ($2.59) EPS.

Hedge Funds Weigh In On T1 Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TE. Strs Ohio acquired a new position in T1 Energy during the 1st quarter worth approximately $26,000. Envestnet Asset Management Inc. acquired a new position in T1 Energy during the 2nd quarter worth approximately $27,000. Geode Capital Management LLC acquired a new position in T1 Energy during the 2nd quarter worth approximately $3,296,000. Cetera Investment Advisers acquired a new position in T1 Energy during the 2nd quarter worth approximately $162,000. Finally, JPMorgan Chase & Co. acquired a new position in T1 Energy during the 2nd quarter worth approximately $71,000. 52.31% of the stock is owned by institutional investors and hedge funds.

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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