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

T1 Energy Inc (NYSE:TE) was the target of unusually large options trading on Monday. Investors acquired 52,382 call options on the stock. This represents an increase of 239% compared to the average daily volume of 15,472 call options.

T1 Energy Trading Up 23.7%

NYSE TE traded up $1.35 during trading hours on Monday, hitting $7.02. 86,242,603 shares of the company’s stock were exchanged, compared to its average volume of 19,169,287. The stock has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $5.94. T1 Energy has a 1-year low of $0.96 and a 1-year high of $9.78. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of -3.46 and a beta of 1.78. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 2.05.

T1 Energy (NYSE:TE) last released its earnings results on Wednesday, May 13th. The utilities provider reported ($0.08) EPS for the quarter, topping the consensus estimate 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 business had revenue of $177.65 million during the quarter. During the same period in the prior year, the business earned ($0.11) EPS. On average, equities analysts forecast that T1 Energy will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On T1 Energy

A number of hedge funds have recently added to or reduced their stakes in TE. Strs Ohio acquired a new stake in T1 Energy in the first quarter valued at approximately $26,000. Envestnet Asset Management Inc. acquired a new stake in T1 Energy in the second quarter valued at approximately $27,000. Geode Capital Management LLC acquired a new stake in T1 Energy in the second quarter valued at approximately $3,296,000. Cetera Investment Advisers acquired a new stake in T1 Energy in the second quarter valued at approximately $162,000. Finally, JPMorgan Chase & Co. acquired a new stake in T1 Energy in the second quarter valued at approximately $71,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

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.