Currently, there are 155.94M common shares owned by the public and among those 126.27M shares have been available to trade.
The company’s stock has a 5-day price change of 14.39% and -6.21% over the past three months. TE shares are trading -41.47% year to date (YTD), with the 12-month market performance down to -19.68% lower. It has a 12-month low price of $0.91 and touched a high of $3.36 over the same period. TE has an average intraday trading volume of 1.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 27.32%, 25.39%, and -1.47% respectively.
Institutional ownership of T1 Energy Inc (NYSE: TE) shares accounts for 43.05% of the company’s 155.94M shares outstanding.
It has a market capitalization of $235.47M and a beta (3y monthly) value of 1.25. The earnings-per-share (ttm) stands at -$3.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.59% over the week and 6.48% over the month.
Earnings per share for the fiscal year are expected to increase by 90.00%, and 106.25% over the next financial year.
Looking at the support for the TE, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on December 20, 2024, with the firm’s price target at $4. Morgan Stanley coverage for the T1 Energy Inc (TE) stock in a research note released on November 14, 2023 offered a Equal-Weight rating with a price target of $2. BTIG Research was of a view on November 10, 2023 that the stock is Neutral, while TD Cowen gave the stock Market Perform rating on October 25, 2023, issuing a price target of $14- $7. Goldman on their part issued Neutral rating on July 18, 2023.
