T1 Energy Inc (NYSE:TE – Get Free Report) shares traded down 7.3% during mid-day trading on Monday . The stock traded as low as $5.48 and last traded at $5.4230. 7,753,413 shares were traded during trading, a decline of 73% from the average daily volume of 28,235,445 shares. The stock had previously closed at $5.85.

Several analysts have weighed in on TE shares. Northland Securities started coverage on T1 Energy in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 price objective for the company. Sanford C. Bernstein started coverage on shares of T1 Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $9.00 price objective for the company. Wall Street Zen cut T1 Energy from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Needham & Company LLC lowered their price target on T1 Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded T1 Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

View Our Latest Report on TE

The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.98 and a current ratio of 1.25. The company’s 50-day moving average price is $7.57 and its 200 day moving average price is $7.00. The stock has a market capitalization of $1.50 billion, a PE ratio of -2.65 and a beta of 2.24.

T1 Energy (NYSE:TE – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.13. T1 Energy had a negative net margin of 42.30% and a negative return on equity of 150.51%. The company had revenue of $177.65 million during the quarter. During the same period in the previous year, the company earned ($0.11) earnings per share. On average, equities research analysts expect that T1 Energy Inc will post -0.2 earnings per share for the current fiscal year.

In related news, major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $8.14, for a total value of $77,330,000.00. Following the completion of the transaction, the insider directly owned 30,652,664 shares in the company, valued at $249,512,684.96. This trade represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.44% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TE. Sei Investments Co. boosted its holdings in T1 Energy by 4.6% in the first quarter. Sei Investments Co. now owns 43,776 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 1,911 shares in the last quarter. NBC Securities Inc. bought a new stake in T1 Energy during the 4th quarter valued at about $28,000. First PREMIER Bank purchased a new position in T1 Energy in the fourth quarter worth about $30,000. Strs Ohio bought a new position in shares of T1 Energy in the fourth quarter worth approximately $32,000. Finally, Insight Advisors LLC PA increased its position in shares of T1 Energy by 21.3% during the first quarter. Insight Advisors LLC PA now owns 37,000 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 52.31% of the company’s stock.

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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.

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