T1 Energy Inc (NYSE:TE – Get Free Report) major shareholder Solar (Schweiz) Ag Trina sold 9,500,000 shares of T1 Energy stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $8.14, for a total transaction of $77,330,000.00. Following the sale, the insider directly owned 30,652,664 shares in the company, valued at approximately $249,512,684.96. The trade was a 23.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Solar (Schweiz) Ag Trina also recently made the following trade(s):
- On Thursday, May 21st, Solar (Schweiz) Ag Trina sold 13,000,000 shares of T1 Energy stock. The shares were sold at an average price of $8.69, for a total value of $112,970,000.00.
T1 Energy Stock Down 1.2%
Shares of NYSE TE opened at $10.83 on Friday. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -5.34 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 2.05. T1 Energy Inc has a 52-week low of $1.03 and a 52-week high of $11.43. The business’s 50 day moving average is $5.98 and its two-hundred day moving average is $6.27.
Institutional Trading of T1 Energy
Large investors have recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of T1 Energy during the fourth quarter worth $28,000. First PREMIER Bank purchased a new stake in shares of T1 Energy during the fourth quarter worth $30,000. Strs Ohio purchased a new stake in shares of T1 Energy during the fourth quarter worth $32,000. Russell Investments Group Ltd. purchased a new stake in shares of T1 Energy during the fourth quarter worth $63,000. Finally, Elevatus Welath Management purchased a new stake in shares of T1 Energy during the fourth quarter worth $67,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on TE shares. Needham & Company LLC reissued a “buy” rating and issued a $8.00 target price on shares of T1 Energy in a research report on Tuesday, May 12th. BTIG Research boosted 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. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research report on Friday, March 27th. Finally, Zacks Research raised T1 Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.
Read Our Latest Analysis on TE
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.
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