T1 Energy (NYSE:TE) Trading Down 9.3% – Time to Sell?

T1 Energy Inc (NYSE:TE) shares fell 9.3% on Wednesday . The stock traded as low as $6.76 and last traded at $6.81. 10,657,309 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 23,184,041 shares. The stock had previously closed at $7.51.

Analyst Ratings Changes

Several brokerages recently issued reports on TE. Roth Mkm reiterated a “buy” rating on shares of T1 Energy in a research note on Tuesday, December 23rd. BTIG Research raised their target price on T1 Energy from $3.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Johnson Rice upgraded T1 Energy to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a report on Monday, December 29th. Finally, Zacks Research raised T1 Energy to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.50.

T1 Energy Stock Down 9.1%

The stock’s 50-day moving average price is $7.14 and its two-hundred day moving average price is $4.20. The company has a current ratio of 1.13, a quick ratio of 0.72 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $1.45 billion, a P/E ratio of -1.81 and a beta of 1.60.

T1 Energy (NYSE:TE) last released its quarterly earnings data on Friday, November 14th. The utilities provider reported ($0.85) EPS for the quarter. The business had revenue of $210.52 million for the quarter. T1 Energy had a negative net margin of 133.07% and a negative return on equity of 121.17%.

Institutional Investors Weigh In On T1 Energy

Several institutional investors have recently made changes to their positions in TE. NBC Securities Inc. bought a new position in shares of T1 Energy in the fourth quarter worth $28,000. First PREMIER Bank bought a new position in T1 Energy in the 4th quarter worth about $30,000. Strs Ohio purchased a new position in T1 Energy during the 4th quarter valued at about $32,000. Elevatus Welath Management bought a new stake in shares of T1 Energy during the fourth quarter valued at about $67,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of T1 Energy in the fourth quarter worth about $67,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

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.