T1 Energy Inc (NYSE:TE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of T1 Energy Inc (NYSE:TE) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.50.

A number of research firms have issued reports on TE. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research note on Monday, December 29th. Johnson Rice upgraded T1 Energy to a “strong-buy” rating in a research report on Tuesday, December 2nd. Alliance Global Partners reissued a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 30th. iA Financial set a $8.50 price target on shares of T1 Energy in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded shares of T1 Energy to a “hold” rating in a report on Tuesday, November 25th.

Hedge Funds Weigh In On T1 Energy

A number of large investors have recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in shares of T1 Energy in the fourth quarter valued at about $28,000. First PREMIER Bank acquired a new stake in T1 Energy in the 4th quarter valued at approximately $30,000. Strs Ohio bought a new stake in T1 Energy in the 4th quarter valued at approximately $32,000. Russell Investments Group Ltd. acquired a new position in T1 Energy during the 4th quarter worth approximately $63,000. Finally, Elevatus Welath Management bought a new position in shares of T1 Energy during the 4th quarter worth approximately $67,000. Institutional investors own 52.31% of the company’s stock.

T1 Energy Price Performance

Shares of TE stock opened at $6.24 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87. T1 Energy has a 12-month low of $0.92 and a 12-month high of $9.78. The firm has a fifty day moving average of $7.26 and a 200-day moving average of $4.44. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -1.65 and a beta of 1.60.

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.