5 Stocks With Insane Returns Right Now

2. T1 Energy Inc. (NYSE:TE)

T1 Energy soared by 26.45 percent on Wednesday to close at $8.70 apiece, as investors took heart from an investment firm’s strong optimism for the stock, after getting battered by a short seller, which claimed that it is not eligible for US tax credits.

In a market note, Roth Capital recommended investors take the sell-off as a buying opportunity, saying that T1 Energy Inc. (NYSE:TE) is a “model for what the Trump administration may want in a domestic manufacturer that is transferring advanced technology and capacity to the US.”

Earlier in the week, T1 Energy Inc. (NYSE:TE) was hit by a short seller report by Fuzzy Panda, saying that the company was not compliant with the foreign entity of concern (FEOC) regulations, and thus not eligible for tax credits from the US government.

The report said that T1 Energy Inc.’s (NYSE:TE) sale of intellectual property to Singaporean firm Evervolt was designed to achieve FEOC compliance, but that the latter had undisclosed connections with Chinese solar firm Trina Solar.

Fuzzy Panda claimed that Evervolt, owned by Tan Chin Piaw, has maintained business relationships with Trina Solar for more than 15 years, and that 99 percent of its revenues came from the latter.