Energy Stock Gets A Boost After Bernstein's $9 Price Target - T1 Energy (NYSE:TE)

T1 Energy’s shares are rising after Bernstein initiated coverage with a $9 price target, signaling renewed investor confidence in the company’s expansion plans. Bernstein notes that T1 is developing a second production site to manufacture solar cells using U.S.-sourced wafers, a development that could bolster domestic supply and margins. The firm also flags that T1’s TOPCon panel technology remains involved in a patent-infringement case brought by First Solar, a factor that shapes valuation. The stock has shown a constructive trend, trading 39.3% above the 50-day SMA at $6.93 and 70.6% above the 200-day SMA at $5.66, with the price near the 20-day average of $9.50. Momentum signals reinforce the upside, with Benzinga Edge assigning a bullish score of 98.82 as TE outperforms broader markets; shares were up about 12.6% at $9.72 when the update was published. A key resistance sits near $10.00, a round-number level where traders often take profits after rapid moves.