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

T1 Energy Inc (NYSE:TE) saw some unusual options trading on Monday. Traders acquired 52,382 call options on the company. This represents an increase of approximately 239% compared to the typical daily volume of 15,472 call options.

Institutional Trading of T1 Energy

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in T1 Energy by 4.6% during the first quarter. Sei Investments Co. now owns 43,776 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 1,911 shares during the period. NBC Securities Inc. bought a new stake in T1 Energy during the fourth quarter worth $28,000. First PREMIER Bank bought a new stake in T1 Energy during the fourth quarter worth $30,000. Strs Ohio bought a new stake in T1 Energy during the fourth quarter worth $32,000. Finally, Insight Advisors LLC PA lifted its holdings in T1 Energy by 21.3% during the first quarter. Insight Advisors LLC PA now owns 37,000 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 6,500 shares during the period. 52.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TE shares. BTIG Research raised their target price on T1 Energy from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Zacks Research lowered T1 Energy from a “hold” rating to a “strong sell” rating in a report on Friday, April 3rd. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of T1 Energy in a report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, T1 Energy has an average rating of “Moderate Buy” and an average price target of $8.00.

T1 Energy Stock Up 23.7%

Shares of TE stock traded up $1.35 during trading hours on Monday, reaching $7.02. The company had a trading volume of 86,242,603 shares, compared to its average volume of 19,169,287. T1 Energy has a 12 month low of $0.96 and a 12 month high of $9.78. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.25 and a quick ratio of 0.98. The business has a fifty day simple moving average of $5.75 and a 200-day simple moving average of $5.94. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -3.46 and a beta of 1.78.

T1 Energy (NYSE:TE) last posted its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.13. The company had revenue of $177.65 million for the quarter. T1 Energy had a negative return on equity of 150.51% and a negative net margin of 42.30%.During the same quarter in the prior year, the business earned ($0.11) EPS. On average, research analysts expect that T1 Energy will post -0.29 earnings per share for the current fiscal year.

About T1 Energy

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.