T1 Energy Inc (NYSE:TE) Given Average Recommendation of “Moderate Buy” by Brokerages

T1 Energy Inc (NYSE:TE) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.50.

Several brokerages have recently commented on TE. Needham & Company LLC reaffirmed a “buy” rating on shares of T1 Energy in a report on Thursday, December 11th. Zacks Research upgraded T1 Energy to a “hold” rating in a research note on Tuesday, November 25th. iA Financial set a $8.50 price target on T1 Energy in a research report on Tuesday, December 9th. Alliance Global Partners restated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 30th. Finally, Johnson Rice raised T1 Energy to a “strong-buy” rating in a report on Tuesday, December 2nd.

T1 Energy Stock Performance

NYSE TE opened at $7.73 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $1.64 billion, a P/E ratio of -2.04 and a beta of 1.66. T1 Energy has a 12-month low of $0.92 and a 12-month high of $9.78. The firm has a 50-day moving average price of $7.47 and a two-hundred day moving average price of $5.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TE. Encompass Capital Advisors LLC bought a new stake in T1 Energy during the second quarter worth about $16,560,000. Vanguard Group Inc. bought a new position in T1 Energy in the 4th quarter valued at about $69,894,000. Kim LLC bought a new position in T1 Energy in the 2nd quarter valued at about $8,816,000. Southpoint Capital Advisors LP acquired a new position in shares of T1 Energy in the 4th quarter valued at approximately $40,080,000. Finally, State Street Corp acquired a new position in shares of T1 Energy in the 4th quarter valued at approximately $34,386,000. 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.