High volume option trading was seen in ITT Inc, NextEra Energy Inc, and First Solar Inc. ITT saw 2,222 contracts traded, representing 222,200 underlying shares. NextEra Energy Inc had 48,980 contracts traded, representing 4.9 million shares. First Solar Inc had 19,720 contracts traded, representing 2 million shares.
High volume option trading was observed in ITT Inc, NextEra Energy Inc, and First Solar Inc, indicating significant investor interest and potential market expectations. ITT Inc saw 2,222 contracts traded, representing 222,200 underlying shares, which was 57.9% of its average daily trading volume over the past month [2]. NextEra Energy Inc had 48,980 contracts traded, representing 4.9 million shares, or 54.7% of its average daily trading volume over the past month [2]. First Solar Inc had 19,720 contracts traded, representing 2 million shares, which was 54.2% of its average daily trading volume over the past month [2].
The high volume in options trading for these companies suggests that investors are positioning themselves for potential price movements. ITT Inc's high volume was particularly notable for its $175 strike call option expiring on October 17, 2025, with 601 contracts traded thus far [2]. NextEra Energy Inc saw high volume for its $65 strike call option expiring on September 19, 2025, with 16,810 contracts traded [2]. First Solar Inc had high volume for its $155 strike put option expiring on October 17, 2025, with 2,355 contracts traded [2].
These trading activities could be driven by several factors, including recent news and events. For instance, First Solar Inc's stock price increase of 2.95% in after-hours trading on July 4, 2025, could have been influenced by the news of FTC Solar's 1GW tracker agreement with Soltech Energy Sweden AB [1]. This agreement involves the acquisition of 100 percent of the shares in the solar energy company Sesol from Nordic Capital, resulting in Nordic Capital owning 30 percent of the shares and votes in Soltech.
Institutional investors have also shown notable activity in First Solar Inc's stock. British Columbia Investment Management Corp decreased its stake by 25.3%, selling 17,611 shares and holding 51,952 shares valued at approximately $6.57 million [3]. However, several other large investors have increased their stakes in First Solar Inc, indicating a mixed trend in institutional ownership.
The high volume option trading and recent institutional activity in First Solar Inc highlight the company's potential as an investment opportunity, particularly given its recent earnings results and analyst ratings. First Solar Inc reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.50 [3]. The company's FY 2025 guidance is set at 13.500-16.500 EPS, with analysts forecasting 13.05 EPS for the current year [3].
References:
[1] https://www.ainvest.com/news/solar-shares-rise-2-95-hours-ftc-solar-1gw-tracker-agreement-soltech-energy-2508/
[2] https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity-itt-nee-fslr
[3] https://www.marketbeat.com/instant-alerts/filing-british-columbia-investment-management-corp-decreases-stock-position-in-first-solar-inc-fslr-2025-08-25/
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