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T1 Energy (TE)
NYSE:TE

T1 Energy (TE) AI Stock Analysis

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TE

T1 Energy

(NYSE:TE)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
$9.00
▼(-5.16% Downside)
The score is held back primarily by weak financial quality—very large losses, high leverage, and negative free cash flow—despite strong revenue growth. Technicals are a clear positive with a strong uptrend and positive momentum. Earnings/corporate updates are constructive due to reaffirmed EBITDA guidance, capital raising, and steps to protect tax-credit eligibility, but execution and sourcing risks remain.
Positive Factors
Revenue growth & gross margin
Sustained TTM revenue growth (+67.4%) with ~35.6% gross margin indicates strong end-market demand and initial pricing/production economics. At scale, a durable gross margin base supports potential operating leverage if SG&A and manufacturing costs normalize, aiding a credible path to profitability.
Manufacturing scale-up
Record production at G1_Dallas and planned G2_Austin fab construction (2.1 GW phase) create lasting capacity advantages. Domestic manufacturing scale reduces reliance on external suppliers, supports consistent deliveries, improves gross-cost control, and underpins durable revenue and margin expansion over the next several quarters.
Liquidity & policy-preservation actions
Structural steps to preserve Section 45X eligibility and reconfigure the supply chain materially reduce policy/regulatory risk and protect subsidy cash flows. Combined with recent financings, these moves improve liquidity and secure subsidy-dependent economics essential for long-term project viability and customer contracts.
Negative Factors
Large net losses & negative FCF
Very large net losses (net margin ~-243%) and persistent negative free cash flow (~-$54.7M TTM) indicate the business still burns cash despite sales. Continued deficits force dependence on external capital, constrain reinvestment, and increase the risk that scale advantages won’t translate into self-funded sustainable profitability.
High leverage
A debt-to-equity ratio near 4.3x and declining equity undermine financial flexibility. High leverage raises interest and refinancing risk, reduces resilience to demand or margin shocks, and increases the probability the company will need dilutive or costly financings to fund operations and capex over the medium term.
Execution, sourcing & regulatory risk
A >$50M impairment from a contract dispute, uncertain sourcing of non‑FEOC cells through 2026, and an active DOJ/SEC inquiry create persistent execution and legal risks. These raise chances of further write‑downs, supply-cost inflation, delivery delays, and regulatory liabilities that can structurally impair margins and access to customers.

T1 Energy (TE) vs. SPDR S&P 500 ETF (SPY)

T1 Energy Business Overview & Revenue Model

Company DescriptionT1 Energy Inc engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.
How the Company Makes MoneyT1 Energy (TE) generates revenue through multiple streams. Its primary revenue comes from the sale of electricity generated from its solar and wind energy farms to utility companies and large-scale industrial customers. Additionally, TE offers energy storage solutions, allowing customers to manage and store energy efficiently, which is billed as a service fee. The company also earns income through consulting services, providing expertise in energy efficiency and renewable energy integration. Strategic partnerships with government entities and private sectors further enhance its revenue by facilitating large-scale renewable energy projects and securing long-term power purchase agreements.

T1 Energy Earnings Call Summary

Earnings Call Date:Nov 14, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 26, 2026
Earnings Call Sentiment Neutral
The call highlighted significant progress in capital raising, production capacity, and strategic partnerships. However, challenges remain with contract disputes and the need to source non-FEOC cells. The sentiment is balanced between positive achievements and ongoing challenges.
Q3-2025 Updates
Positive Updates
Successful Capital Raising
T1 raised $72 million in gross proceeds from a registered direct common equity offering and entered a $100 million commitment for the issuance of preferred and common stock.
Record Net Sales
T1 generated record net sales of about $210 million in the third quarter.
Increased Production Capacity
The G1_Dallas facility ramped up production, achieving a daily production record of 14.4 megawatts, equating to an annualized run rate of 5.2 gigawatts.
Advancing G2_Austin Construction
Preparation to start construction of the first phase of the G2_Austin solar cell fab before year-end, with a planned capacity of 2.1 gigawatts.
Strategic Partnerships
Partnerships with Hemlock/Corning, Nextpower, and Talon PV to expand the U.S. solar supply chain.
Negative Updates
Contract Dispute Impact
A contract dispute led to an impairment of goodwill, with an impact of over $50 million.
Challenges in Non-FEOC Cell Sourcing
The need to source non-FEOC cells as a bridge until domestic production starts in Q4 2026, with uncertainties in pricing and availability.
Company Guidance
During the T1 Energy Third Quarter 2025 Earnings Conference Call, the company reaffirmed its 2025 EBITDA guidance of $25 million to $50 million, based on a production capacity of 2.6 to 3 gigawatts. The company announced significant capital formation progress, having raised $72 million in gross proceeds and securing a $100 million commitment for additional financing. T1 Energy plans to begin construction of the first 2.1 gigawatt phase of its G2_Austin solar cell fab before year-end, with a second phase planned for 3.2 gigawatts, potentially expandable. The company also reported record net sales of approximately $210 million in Q3 and expects significant growth in sales and EBITDA in Q4. T1 aims to maintain eligibility for Section 45X tax credits, which amounted to $93 million accrued through Q3, with monetization expected in Q4. The company plans to integrate its U.S. supply chain, including partnerships with Hemlock/Corning, Nextpower, and Talon PV, to strengthen its position in the domestic polysilicon solar market.

T1 Energy Financial Statement Overview

Summary
Revenue growth is strong (+67.4% TTM) with a solid gross margin (~35.6%), but operating performance is severely weak (deeply negative EBITDA/EBIT and extremely large net losses, ~-243% net margin). Leverage is high (debt-to-equity ~4.28x) and free cash flow remains negative (~-$54.7M), keeping financial risk elevated despite modestly positive operating cash flow (~$22.2M).
Income Statement
18
Very Negative
TTM (Trailing-Twelve-Months) revenue is up sharply (+67.4%) with a solid gross margin (~35.6%), signaling improving scale. However, profitability is very weak: EBIT and EBITDA remain deeply negative and net losses are extremely large (net margin ~-243%), indicating the current cost structure and/or one-time charges are overwhelming gross profit. Overall, strong top-line momentum is outweighed by severe ongoing losses.
Balance Sheet
24
Negative
The balance sheet shows meaningful asset size (~$1.40B TTM), but leverage is elevated with debt well above equity (debt-to-equity ~4.28x TTM). Equity has also declined versus the latest annual period, and returns on equity are deeply negative, reflecting heavy losses and pressure on the capital base. This increases financial risk and reduces flexibility if operating performance doesn’t improve quickly.
Cash Flow
22
Negative
Cash generation has improved versus prior annual periods, with TTM (Trailing-Twelve-Months) operating cash flow turning modestly positive (~$22.2M) after sizable outflows previously. Still, free cash flow remains negative (~-$54.7M) and deteriorated versus the prior period (free cash flow growth ~-61.9%), suggesting continued heavy investment and/or working-capital needs. Operating cash flow covers only a small portion of net losses, so cash burn risk remains.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue224.44M2.94M0.000.000.000.00
Gross Profit79.98M1.23M0.00-478.00K-120.00K-15.00K
EBITDA-121.44M-63.81M-62.18M-98.64M-93.25M-8.91M
Net Income-546.75M-450.15M-71.94M-98.79M-93.38M-9.61M
Balance Sheet
Total Assets1.40B1.34B732.90M828.44M627.03M15.93M
Cash, Cash Equivalents and Short-Term Investments34.15M72.64M254.31M563.04M563.96M14.75M
Total Debt701.84M713.38M0.0014.40M0.007.57M
Total Liabilities1.24B1.10B98.19M108.31M81.55M10.97M
Stockholders Equity155.66M237.14M633.20M717.46M545.49M4.96M
Cash Flow
Free Cash Flow-54.73M-153.65M-275.75M-270.80M-76.91M-7.41M
Operating Cash Flow22.23M-102.82M-87.93M-90.01M-63.14M-7.34M
Investing Cash Flow-135.40M-137.73M-186.98M-175.03M-33.79M-71.00K
Financing Cash Flow16.45M45.87M0.00250.07M649.00M20.46M

T1 Energy Technical Analysis

Technical Analysis Sentiment
Positive
Last Price9.49
Price Trends
50DMA
6.24
Positive
100DMA
4.68
Positive
200DMA
3.01
Positive
Market Momentum
MACD
0.74
Negative
RSI
61.58
Neutral
STOCH
83.26
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TE, the sentiment is Positive. The current price of 9.49 is above the 20-day moving average (MA) of 7.93, above the 50-day MA of 6.24, and above the 200-day MA of 3.01, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 61.58 is Neutral, neither overbought nor oversold. The STOCH value of 83.26 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TE.

T1 Energy Risk Analysis

T1 Energy disclosed 51 risk factors in its most recent earnings report. T1 Energy reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

T1 Energy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
56
Neutral
$2.57B-2.35-55.98%-394.37%
51
Neutral
$459.70M-1.15-26.12%41.05%-1.02%
48
Neutral
$123.27M-20.10-29.60%24.01%5.55%
48
Neutral
$44.28M-1.1461.78%
47
Neutral
$243.69M-2.10-45.13%-14.27%-28.56%
43
Neutral
$32.96M-0.34-265.36%-3.53%24.37%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TE
T1 Energy
8.88
7.01
374.87%
FCEL
Fuelcell Energy
8.99
1.22
15.70%
TGEN
Tecogen
4.14
1.63
64.94%
GWH
ESS Tech
1.71
-3.79
-68.91%
SDST
Stardust Power
4.38
-6.62
-60.18%
NVX
NOVONIX Ltd Sponsored ADR
1.04
-0.42
-28.77%

T1 Energy Corporate Events

Private Placements and FinancingRegulatory Filings and Compliance
T1 Energy Files Shelf Registration for Secondary Share Resale
Neutral
Jan 21, 2026

On January 21, 2026, T1 Energy Inc. filed an automatic shelf registration statement with the U.S. Securities and Exchange Commission, followed by a prospectus supplement registering the potential resale of 14,274,704 existing common shares and a warrant to purchase 7,000,000 additional common shares by certain existing investors. The registered securities relate to shares previously issued in private placements to Trina Solar (Schweiz) AG and to a warrant issued to Stellar Hann Investment Ltd., and the company emphasized that it will not issue new securities or receive any proceeds from any resale by these securityholders, with the filing primarily serving to facilitate potential secondary market transactions and provide a legal opinion on the validity of the shares and enforceability of the warrant.

The most recent analyst rating on (TE) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
T1 Energy Restructures Agreements to Maintain Tax Credit Eligibility
Positive
Dec 30, 2025

On December 29–30, 2025, T1 Energy concluded a series of transactions with Trina Solar and related parties to strengthen its compliance with “Foreign Entity of Concern” requirements under the One Big Beautiful Bill Act and preserve eligibility for Section 45X tax credits in 2026. The company repaid and terminated a loan note held by Trina and partially discharged a large production reservation fee through a $274 million cash payment and the issuance of 3 million common shares, leaving $65 million of the fee outstanding, while TUS waived $34 million of 2025 service fees payable by affiliate G1 under a sales agency agreement. T1 also reduced Trina’s effective influence by capping FEOC-related equity ownership in its charter, lowering Trina’s share of its debt below regulatory thresholds, eliminating Trina’s right to appoint covered officers, transitioning key intellectual property licensing from Trina to non-FEOC entity Evervolt, and restructuring its supply chain around certified non-FEOC cell suppliers and U.S. partners for polysilicon, wafers, and steel frames. Together with an amendment to reclassify its chief strategy officer as a consultant, these steps are intended to support T1’s ability to deliver FEOC-compliant, high‑domestic‑content solar modules to customers from 2026 onward and mitigate regulatory and policy risks for the company and its stakeholders.

The most recent analyst rating on (TE) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
T1 Energy Completes Major Public Offering
Positive
Dec 16, 2025

On December 16, 2025, T1 Energy Inc. successfully completed a public offering of $161.0 million in Convertible Senior Notes due 2030 and a public offering of 32,525,254 shares of common stock, raising approximately $304.2 million in net proceeds. The funds will be used to comply with foreign entities of concern provisions, advance infrastructure for the G2_Austin facility, and for general corporate purposes, impacting the company’s financial strategy and operational expansion.

The most recent analyst rating on (TE) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Private Placements and Financing
T1 Energy Announces Pricing of Public Offerings
Neutral
Dec 15, 2025

On December 11, 2025, T1 Energy Inc. announced the pricing of its public offerings, which included 28,282,830 shares of common stock and $140 million of 5.25% convertible senior notes due 2030. The offerings, expected to close on December 15 and 16, 2025, respectively, aim to raise approximately $264.3 million to support compliance with foreign entity regulations, infrastructure development, and general corporate purposes.

The most recent analyst rating on (TE) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Business Operations and StrategyLegal ProceedingsRegulatory Filings and ComplianceShareholder Meetings
T1 Energy Approves Key Amendments in Stockholder Meeting
Neutral
Dec 5, 2025

On December 3, 2025, T1 Energy Inc. held a special meeting of stockholders where several amendments to the company’s Certificate of Incorporation were approved. These included establishing limits on foreign ownership to comply with U.S. tax laws, increasing authorized shares from 355 million to 500 million, and removing the ‘only for cause’ clause for director removal. The company also signed a significant 2.0 GW offtake contract for 2026 module deliveries. However, it is currently under investigation by the DOJ and SEC regarding stock sales by a company executive in 2023, with the company cooperating but unable to predict the outcome.

The most recent analyst rating on (TE) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
T1 Energy Reports Q3 Results and Strategic Moves
Positive
Nov 14, 2025

On November 14, 2025, T1 Energy reported its third-quarter financial results, highlighting a significant ramp-up in production and sales expected in the fourth quarter, particularly at its G1_Dallas facility. The company also announced a strategic agreement with Encompass Capital Advisors, receiving $50 million and restructuring its stock purchase agreement. Additionally, T1 is advancing the construction of its G2_Austin solar cell fab, with plans to start in Q4 2025, supported by recent capital formation efforts. The company is also making strategic investments and agreements to strengthen its position in the U.S. solar market, including a multi-year supply agreement with Nextpower and a minority stake in Talon PV LLC.

The most recent analyst rating on (TE) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
T1 Energy Secures $50M in Stock Purchase Agreement
Positive
Oct 31, 2025

On October 31, 2025, T1 Energy Inc. entered into an Amended and Restated Stock Purchase Agreement with certain purchasers to facilitate the redemption and cancellation of its Convertible Series A Preferred Stock. The agreement involves the sale of 21,504,901 shares of common stock and 6,600,000 shares of Series B and Series B-1 Convertible Non-Voting Preferred Stock, generating $50 million in proceeds. These funds are intended for working capital, strategic investments, and advancing energy technology projects. This transaction, conducted under a registered direct offering, aims to strengthen T1 Energy’s operational capabilities and market positioning.

The most recent analyst rating on (TE) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on T1 Energy stock, see the TE Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 04, 2026