WINTON GROUP Ltd Acquires Shares of 203,767 T1 Energy Inc $TE

WINTON GROUP Ltd bought a new stake in shares of T1 Energy Inc (NYSE:TE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 203,767 shares of the utilities provider’s stock, valued at approximately $1,932,000. WINTON GROUP Ltd owned approximately 0.07% of T1 Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in T1 Energy during the 4th quarter valued at about $63,000. Blackhawk Capital Partners LLC purchased a new position in shares of T1 Energy during the first quarter valued at approximately $44,000. Xponance LLC bought a new stake in shares of T1 Energy in the 4th quarter worth approximately $69,000. SteelPeak Wealth LLC purchased a new stake in shares of T1 Energy in the 1st quarter worth approximately $46,000. Finally, Sovereign Financial Group Inc. bought a new stake in T1 Energy in the first quarter worth $48,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

T1 Energy Stock Up 0.8%

TE opened at $4.62 on Friday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -2.33 and a beta of 2.25. The firm has a 50 day moving average price of $5.28 and a 200-day moving average price of $6.49. T1 Energy Inc has a twelve month low of $1.70 and a twelve month high of $12.49. The company has a quick ratio of 0.90, a current ratio of 1.30 and a debt-to-equity ratio of 3.50.

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

Analyst Ratings Changes

TE has been the subject of several analyst reports. BTIG Research raised their price target on T1 Energy from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of T1 Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Needham & Company LLC cut their price target on shares of T1 Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Northland Securities assumed coverage on shares of T1 Energy in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on T1 Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $9.00 price objective on the stock. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.12.

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.