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Roth MKM Sticks to Its Buy Rating for T1 Energy (TE)

Tipranks - Tipranks - Wed Apr 22, 7:38AM CDT

In a report released today, Philip Shen from Roth MKM reiterated a Buy rating on T1 Energy, with a price target of $10.00.

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According to TipRanks, Shen is a 4-star analyst with an average return of 9.0% and a 43.88% success rate. Shen covers the Technology sector, focusing on stocks such as Shoals Technologies Group, Enphase Energy, and SolarEdge Technologies.

Currently, the analyst consensus on T1 Energy is a Strong Buy with an average price target of $8.38.

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Based on T1 Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $358.55 million and a GAAP net loss of $190.04 million. In comparison, last year the company earned a revenue of $2.94 million and had a GAAP net loss of $367.15 million

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