T1 Energy (NYSE:TE) Issues Quarterly Earnings Results

T1 Energy (NYSE:TE) released its earnings results on Tuesday. The utilities provider reported ($0.87) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $358.55 million during the quarter. T1 Energy had a negative return on equity of 121.17% and a negative net margin of 133.07%.During the same period last year, the business earned ($2.59) EPS.

T1 Energy Price Performance

NYSE TE opened at $5.56 on Tuesday. T1 Energy has a 1 year low of $0.92 and a 1 year high of $9.78. The business’s fifty day moving average is $7.31 and its two-hundred day moving average is $5.47. The stock has a market capitalization of $1.18 billion, a P/E ratio of -1.47 and a beta of 1.66. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.72 and a current ratio of 1.13.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Alliance Global Partners reissued a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 30th. iA Financial set a $8.50 target price on T1 Energy in a report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of T1 Energy in a research report on Friday. Needham & Company LLC reissued a “buy” rating on shares of T1 Energy in a report on Thursday, December 11th. Finally, Johnson Rice upgraded shares of T1 Energy to a “strong-buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Hedge Funds Weigh In On T1 Energy

Hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of T1 Energy during the first quarter valued at $26,000. Envestnet Asset Management Inc. purchased a new position in T1 Energy in the 2nd quarter worth about $27,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in T1 Energy during the 2nd quarter worth about $28,000. NBC Securities Inc. purchased a new stake in T1 Energy during the fourth quarter valued at about $28,000. Finally, First PREMIER Bank acquired a new position in shares of T1 Energy in the fourth quarter worth about $30,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

About T1 Energy

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.