WINTON GROUP Ltd Makes New $1.93 Million Investment in T1 Energy Inc $TE

WINTON GROUP Ltd purchased a new position in shares of T1 Energy Inc (NYSE:TE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 203,767 shares of the utilities provider’s stock, valued at approximately $1,932,000.

A number of other hedge funds have also recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in T1 Energy by 208.5% in the 2nd quarter. NewEdge Advisors LLC now owns 265,753 shares of the utilities provider’s stock worth $2,519,000 after purchasing an additional 179,612 shares during the period. Squarepoint Ops LLC grew its stake in shares of T1 Energy by 35.2% during the 2nd quarter. Squarepoint Ops LLC now owns 1,429,027 shares of the utilities provider’s stock valued at $13,547,000 after acquiring an additional 371,874 shares during the period. California State Teachers Retirement System grew its stake in shares of T1 Energy by 821.3% during the 2nd quarter. California State Teachers Retirement System now owns 2,211,096 shares of the utilities provider’s stock valued at $20,961,000 after acquiring an additional 1,971,093 shares during the period. AlphaGrep UK Ltd purchased a new stake in T1 Energy in the 2nd quarter worth approximately $372,000. Finally, Headlands Technologies LLC bought a new stake in T1 Energy during the 2nd quarter worth approximately $731,000. Institutional investors own 52.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of T1 Energy in a report on Wednesday, July 8th. Zacks Research raised shares of T1 Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. BTIG Research lifted their target price on shares of T1 Energy from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein started coverage on shares of T1 Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $9.00 target price for the company. Finally, Needham & Company LLC cut 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, T1 Energy has a consensus rating of “Moderate Buy” and an average price target of $9.12.

T1 Energy Stock Up 0.8%

Shares of TE opened at $4.62 on Friday. The business’s 50 day moving average is $5.28 and its 200 day moving average is $6.49. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 3.50. T1 Energy Inc has a 12-month low of $1.70 and a 12-month high of $12.49. The company has a market capitalization of $1.36 billion, a PE ratio of -2.33 and a beta of 2.25.

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