T1 Energy (NYSE:TE) Upgraded at Zacks Research

T1 Energy (NYSE:TE) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on TE. Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a research note on Friday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of T1 Energy in a research note on Tuesday, May 12th. Finally, BTIG Research lifted their price objective on shares of T1 Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, T1 Energy presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

T1 Energy Price Performance

Shares of TE opened at $8.68 on Wednesday. The firm has a market capitalization of $2.42 billion, a PE ratio of -4.27 and a beta of 1.78. T1 Energy has a 52-week low of $0.96 and a 52-week high of $9.78. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.98 and a current ratio of 1.25. The stock has a 50 day simple moving average of $5.80 and a 200 day simple moving average of $6.06.

T1 Energy (NYSE:TE) last issued its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.13. The company had revenue of $177.65 million during the quarter. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. During the same period in the prior year, the company earned ($0.11) EPS. Sell-side analysts predict that T1 Energy will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.