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

T1 Energy Inc (NYSE:TE) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 23,803 call options on the stock. This is an increase of 83% compared to the typical volume of 13,010 call options.

T1 Energy Stock Performance

Shares of NYSE:TE opened at $8.39 on Friday. The business has a 50-day moving average of $5.85 and a two-hundred day moving average of $3.53. The firm has a market capitalization of $1.78 billion, a PE ratio of -2.22 and a beta of 1.56. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.13 and a quick ratio of 0.72. T1 Energy has a 12 month low of $0.92 and a 12 month high of $9.08.

Analysts Set New Price Targets

Several research firms have recently issued reports on TE. BTIG Research raised their price objective on T1 Energy from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded T1 Energy from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Needham & Company LLC reissued a “buy” rating on shares of T1 Energy in a research note on Thursday, December 11th. Industrial Alliance Securities set a $8.50 price target on T1 Energy in a report on Tuesday, December 9th. Finally, Zacks Research upgraded shares of T1 Energy to a “hold” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TE. Strs Ohio purchased a new stake in T1 Energy during the first quarter worth approximately $26,000. Voya Investment Management LLC acquired a new position in shares of T1 Energy during the 1st quarter valued at $39,000. Goldman Sachs Group Inc. acquired a new position in shares of T1 Energy during the 1st quarter valued at $574,000. U.S. Capital Wealth Advisors LLC purchased a new stake in T1 Energy during the 2nd quarter worth $42,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in T1 Energy in the 2nd quarter valued at $59,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

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.