BTIG raised the firm’s price target on T1 Energy (TE) to $7 from $3 and keeps a Buy rating on the shares. The company has announced a minority investment in Talon PV, a VC-backed company looking to build a 4.8GW solar cell plant with commercial production targeted for Q1 of FY27, and while the initial investment looks to be modest, it should help diversify T1’s U.S. TOPCon cell supply chain, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TE: