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

T1 Energy Inc (NYSE:TE) was the target of some unusual options trading on Wednesday. Investors bought 23,803 call options on the company. This is an increase of approximately 83% compared to the average daily volume of 13,010 call options.

Institutional Investors Weigh In On T1 Energy

Large investors have recently made changes to their positions in the stock. Strs Ohio bought a new position in T1 Energy during the first quarter worth about $26,000. Voya Investment Management LLC acquired a new stake in T1 Energy during the 1st quarter worth approximately $39,000. Goldman Sachs Group Inc. bought a new stake in T1 Energy in the first quarter valued at approximately $574,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of T1 Energy during the 2nd quarter valued at about $42,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in T1 Energy in the second quarter worth approximately $59,000. Institutional investors own 52.31% of the company’s stock.

T1 Energy Trading Up 7.9%

Shares of T1 Energy stock traded up $0.62 during mid-day trading on Thursday, reaching $8.44. 28,909,260 shares of the stock were exchanged, compared to its average volume of 25,820,277. T1 Energy has a fifty-two week low of $0.92 and a fifty-two week high of $9.08. The stock has a market capitalization of $1.79 billion, a P/E ratio of -2.23 and a beta of 1.56. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87.

Analysts Set New Price Targets

Several research firms have recently weighed in on TE. Weiss Ratings reissued a “sell (e+)” rating on shares of T1 Energy in a research note on Monday, December 29th. Alliance Global Partners restated a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 30th. Zacks Research raised T1 Energy to a “hold” rating in a report on Tuesday, November 25th. Johnson Rice upgraded T1 Energy to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of T1 Energy in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned 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 $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.