T1 Energy: Strategic Positioning and Financial Maneuvering Support Buy Rating Amid Solar Industry Growth

In a report released on May 15, Gregory Lewis from BTIG reiterated a Buy rating on T1 Energy (TE – Research Report), with a price target of $3.00.

Gregory Lewis has given his Buy rating due to a combination of factors that highlight T1 Energy’s strategic positioning and future potential. Despite the immediate challenges posed by tariff uncertainties affecting the company’s production forecast and EBITDA guidance, T1 Energy’s focus on domestic content positions it as a potential long-term beneficiary in the solar industry. The company’s ability to secure firm contracts for nearly 1.8GW of its FY25 module sales underscores its commitment to stabilizing revenue streams amid market fluctuations.
Furthermore, T1 Energy’s strategic partnerships and investments, such as the agreement with a Saudi Arabia-linked partner for the G2 Austin cell plant, indicate a proactive approach to expanding its manufacturing capabilities. The transition of the G1 Dallas plant’s construction loan into a term loan and the ongoing acquisition of Trina Solar’s US operations demonstrate T1 Energy’s financial maneuvering to strengthen its balance sheet. These efforts, combined with the anticipated growth in US solar manufacturing capacity, support the Buy rating as T1 Energy is well-positioned to capitalize on the increasing demand for solar modules in the coming years.