101,846 Shares in T1 Energy Inc $TE Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in T1 Energy Inc (NYSE:TE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,846 shares of the utilities provider’s stock, valued at approximately $662,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in T1 Energy in the 4th quarter worth about $30,000. Elevatus Welath Management purchased a new position in shares of T1 Energy during the fourth quarter worth approximately $67,000. WESPAC Advisors LLC purchased a new position in shares of T1 Energy during the fourth quarter worth approximately $67,000. Quintet Private Bank Europe S.A. purchased a new position in shares of T1 Energy during the fourth quarter worth approximately $90,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of T1 Energy during the fourth quarter worth approximately $100,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TE has been the topic of a number of research reports. Needham & Company LLC reduced their target price on shares of T1 Energy from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. Finally, Zacks Research lowered shares of T1 Energy from a “hold” rating to a “strong sell” rating in a research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.83.

T1 Energy Stock Down 0.7%

TE opened at $5.11 on Tuesday. T1 Energy Inc has a fifty-two week low of $0.93 and a fifty-two week high of $9.78. 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 company has a fifty day moving average of $5.94 and a two-hundred day moving average of $5.86. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -2.48 and a beta of 1.78.

T1 Energy (NYSE:TE) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.90). T1 Energy had a negative net margin of 48.11% and a negative return on equity of 173.39%. The firm had revenue of $358.55 million during the quarter. During the same period last year, the firm earned ($2.59) earnings per share. On average, research analysts expect that T1 Energy Inc will post -0.47 earnings per share for the current year.

T1 Energy 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.