5 Stocks Making Monster Moves

2. T1 Energy Inc. (NYSE:TE)

T1 Energy climbed by 23.46 percent on Monday to close at $7 apiece, as investors gobbled up shares following news that $13.7-billion mega tech hedge fund Situational Awareness LP acquired 10 million shares in the company.

In a regulatory filing on the same day, Leopold Aschenbrenner, who previously worked at OpenAI and now runs Situational Awareness, disclosed that he acquired a $43.9 million in T1 Energy Inc. (NYSE:TE), alongside other companies tied to the AI infrastructure buildout.

Apart from T1 Energy Inc. (NYSE:TE), Aschenbrenner holds a stake in key players in semiconductor, memory, data center, energy, and high-performance computing industries, among others, suggesting his strong optimism for the artificial intelligence sector.

In other news, T1 Energy Inc. (NYSE:TE) posted a 25 percent wider net loss in the first quarter of the year, at $21.4 million versus $17.1 million in the same period last year. It also incurred net sales of $241 million, versus none previously.

“Our team made excellent progress during the first quarter to advance our top priorities: operate profitably at G1_Dallas, fund and build G2_Austin, and establish T1 as an integrated, homegrown U.S. solar and storage powerhouse supporting domestic energy and hyperscaler development,” Chairman and CEO Dan Barcelo said.

“As we look ahead, we are focused on hitting key construction milestones, targeting a comprehensive financing package for G2_Austin in the second quarter, building our offtake coverage through our developer customer base, and driving profitability as T1 grows,” he noted.