Investors Purchase Large Volume of Call Options on T1 Energy (NYSE:TE)

T1 Energy Inc (NYSE:TE) saw unusually large options trading on Wednesday. Stock traders purchased 51,388 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 34,688 call options.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BTIG Research upped their price target on T1 Energy from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Sanford C. Bernstein assumed coverage on T1 Energy in a report on Tuesday. They issued a “market perform” rating and a $9.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of T1 Energy in a report on Tuesday, May 12th. Northland Securities assumed coverage on T1 Energy in a report on Wednesday, June 3rd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Zacks Research upgraded T1 Energy from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.13.

Insider Transactions at T1 Energy

In other T1 Energy news, major shareholder Solar (Schweiz) Ag Trina sold 13,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $8.69, for a total transaction of $112,970,000.00. Following the transaction, the insider owned 40,152,664 shares in the company, valued at approximately $348,926,650.16. The trade was a 24.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.44% of the company’s stock.

Institutional Investors Weigh In On T1 Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. purchased a new stake in T1 Energy in the 4th quarter valued at approximately $28,000. First PREMIER Bank purchased a new position in shares of T1 Energy during the 4th quarter worth $30,000. Strs Ohio purchased a new position in shares of T1 Energy during the 4th quarter worth $32,000. Russell Investments Group Ltd. purchased a new position in shares of T1 Energy during the 4th quarter worth $63,000. Finally, Elevatus Welath Management purchased a new position in shares of T1 Energy during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

T1 Energy Price Performance

TE stock traded up $1.07 on Wednesday, reaching $9.70. The company had a trading volume of 23,824,706 shares, compared to its average volume of 24,519,631. T1 Energy has a 1 year low of $1.15 and a 1 year high of $12.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.98 and a current ratio of 1.25. The company’s fifty day moving average is $6.96 and its 200 day moving average is $6.84. The company has a market cap of $2.71 billion, a P/E ratio of -4.75 and a beta of 2.14.

T1 Energy (NYSE:TE) last posted its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.13. T1 Energy had a negative return on equity of 150.51% and a negative net margin of 42.30%.The firm had revenue of $177.65 million for the quarter. During the same period in the previous year, the company posted ($0.11) EPS. On average, research analysts forecast that T1 Energy will post -0.2 earnings per share for the current year.

T1 Energy Company Profile

T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.