$TE

T1 Energy Inc.

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$76.3M
TRINA SOLAR (SCHWEIZ) AG
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T1 Energy (NYSE:TE) Shares Up 16.5% – Should You Buy?

T1 Energy Inc’s (NYSE:TE) shares rose 16.5% mid-day Tuesday to about $9.41, after closing at $8.08; the stock traded as high as $9.50 on lighter-than-average volume. The company reported May 13 EPS of -$0.08 vs -$0.21 expected on $177.65M revenue. Analysts cited mixed ratings; Zacks upgraded to hold, while others reiterated sell/buy, with a consensus $8 target.

Solar (Schweiz) Ag Trina Sells 9,500,000 Shares of T1 Energy (NYSE:TE) Stock

Solar (Schweiz) Ag Trina, a major shareholder of T1 Energy (NYSE:TE), sold 9,500,000 shares on May 22 at an average $8.14, raising about $77.33 million, according to an SEC filing. The sale reduced its stake by 23.66% to 30,652,664 shares. The article also notes a prior May 21 sale of 13,000,000 shares at $8.69.

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