T1 Energy Inc $TE Stock Holdings Increased by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of T1 Energy Inc (NYSE:TE) by 35.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,429,027 shares of the utilities provider’s stock after purchasing an additional 371,874 shares during the quarter. Squarepoint Ops LLC’s holdings in T1 Energy were worth $13,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of T1 Energy by 232.2% during the 1st quarter. Renaissance Technologies LLC now owns 11,858,306 shares of the utilities provider’s stock valued at $52,058,000 after buying an additional 8,289,050 shares during the period. Bank of America Corp DE increased its stake in shares of T1 Energy by 435.9% in the first quarter. Bank of America Corp DE now owns 752,961 shares of the utilities provider’s stock worth $3,305,000 after acquiring an additional 612,452 shares during the last quarter. Electron Capital Partners LLC increased its stake in shares of T1 Energy by 69.4% in the first quarter. Electron Capital Partners LLC now owns 5,929,585 shares of the utilities provider’s stock worth $26,031,000 after acquiring an additional 2,429,564 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of T1 Energy during the first quarter worth $2,046,000. Finally, Situational Awareness LP acquired a new stake in T1 Energy during the first quarter valued at $43,900,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Sanford C. Bernstein began coverage on T1 Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $9.00 target price on the stock. Northland Securities began coverage on T1 Energy in a report on Wednesday, June 3rd. They set an “outperform” rating and a $16.00 price target for the company. Needham & Company LLC lowered their price target on T1 Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. BTIG Research increased their price objective on T1 Energy from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of T1 Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.12.

T1 Energy Price Performance

Shares of NYSE:TE opened at $4.89 on Thursday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -2.47 and a beta of 2.25. The business has a 50-day moving average of $5.44 and a two-hundred day moving average of $6.52. T1 Energy Inc has a fifty-two week low of $1.70 and a fifty-two week high of $12.49. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.30 and a quick ratio of 0.90.

T1 Energy (NYSE:TE) last issued its quarterly earnings data on Wednesday, August 12th. The utilities provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $250.13 million for the quarter. T1 Energy had a negative return on equity of 149.67% and a negative net margin of 38.49%. On average, equities research analysts predict that T1 Energy Inc will post -0.31 EPS for the current fiscal year.

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.