T1 Energy Target of Unusually High Options Trading (NYSE:TE)

T1 Energy Inc (NYSE:TE) was the recipient of some unusual options trading on Wednesday. Stock traders bought 23,803 call options on the stock. This represents an increase of 83% compared to the average daily volume of 13,010 call options.

Institutional Investors Weigh In On T1 Energy

A number of institutional investors have recently modified their holdings of TE. Green Alpha Advisors LLC bought a new position in T1 Energy in the 2nd quarter worth approximately $374,000. Freedom Investment Management Inc. bought a new stake in T1 Energy during the 2nd quarter valued at $25,000. Vanguard Personalized Indexing Management LLC acquired a new position in T1 Energy during the 2nd quarter worth $59,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of T1 Energy in the second quarter worth $265,000. Finally, ProShare Advisors LLC bought a new position in shares of T1 Energy in the second quarter worth $63,000. Institutional investors own 52.31% of the company’s stock.

T1 Energy Trading Up 8.7%

NYSE TE traded up $0.68 during trading hours on Thursday, reaching $8.50. 27,481,159 shares of the company traded hands, compared to its average volume of 25,774,328. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -2.25 and a beta of 1.56. T1 Energy has a 12 month low of $0.92 and a 12 month high of $9.08. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.13 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Zacks Research raised T1 Energy to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research report on Monday, December 29th. Wall Street Zen lowered shares of T1 Energy from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Needham & Company LLC reiterated a “buy” rating on shares of T1 Energy in a report on Thursday, December 11th. Finally, Johnson Rice upgraded T1 Energy to a “strong-buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.50.

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.