Fuzzy Panda says short ‘China hustle’ T1 Energy

Fuzzy Panda Research says in a new report that the firm is short T1 Energy (TE), a “failed battery SPAC who pivoted and bought a solar module manufacturing plant from a Chinese solar producer, Trina Solar (TSL).” The firm says T1’s stock is not only fully pricing in continued U.S. tax credits but investors have “mistakenly begun confusing T1 as an AI infrastructure play,” adding that T1’s sales do not come from AI datacenter customers, instead, “99.9% of Q1 sales came from the Chinese solar company that originally spawned T1, Trina Solar.” Fuzzy Panda adds “We tried to save clean energy investors when we warned about Eos Energy (EOSE) at the end of October 2025. EOSE’s stock is Down -50% since. We believe the downside at T1 Energy is even higher.”