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T1 Energy (TE) Gets a Buy from BTIG

Tipranks - Tipranks - Mon May 11, 9:00AM CDT

In a report released on May 8, Gregory Lewis from BTIG maintained a Buy rating on T1 Energy, with a price target of $7.00. The company’s shares closed last Friday at $6.16.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 30.7% and a 58.82% success rate. Lewis covers the Energy sector, focusing on stocks such as Tidewater, Noble Corporation, and Seadrill Limited.

T1 Energy has an analyst consensus of Strong Buy, with a price target consensus of $8.38, a 36.04% upside from current levels. In a report released on April 30, Needham also maintained a Buy rating on the stock with a $8.00 price target.

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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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