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T1 Energy
(NYSE:TE)
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Rating:48Neutral
Price Target:
$5.00
▲(0.00% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance: large losses, high leverage, and a sharp deterioration to significant negative free cash flow. Technical indicators also reflect a bearish trend and negative momentum. Offsetting these, the earnings call pointed to improving gross margin, solid production/contract progress, and reaffirmed guidance near the high end, while valuation is difficult to assess due to negative earnings and no dividend data.
Positive Factors
Revenue Visibility and Commercial Traction
Strong contracted volume and major customer wins improve revenue visibility and validate demand for T1’s domestic solar offering, supporting production scale-up and reducing reliance on spot-market sales over the next several quarters.
Negative Factors
Persistent Losses and Thin Margins
Rapid revenue growth has not yet translated into sustainable earnings. Persistently negative operating results and low underlying gross margins leave limited protection against execution, input-cost, or pricing pressure and increase dependence on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Visibility and Commercial Traction
Strong contracted volume and major customer wins improve revenue visibility and validate demand for T1’s domestic solar offering, supporting production scale-up and reducing reliance on spot-market sales over the next several quarters.
Read all positive factors
T1 Energy (TE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.30B
Dividend YieldN/A
Average Volume (3M)35.11M
Price to Earnings (P/E)―
Beta (1Y)3.08
Revenue Growth426.99%
EPS Growth36.20%
CountryUS
Employees562
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-2.15
Shares Outstanding294,527,070
10 Day Avg. Volume42,270,289
30 Day Avg. Volume35,112,739
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)3.60
Price to Sales (P/S)1.54
P/FCF Ratio69.61
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$9.80Price Target Upside96.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$1.03B
T1 Energy Business Overview & Revenue Model
Company Description
T1 Energy Inc specializes in the creation and distribution of battery cells, catering to diverse sectors including stationary power storage, electric vehicles, and maritime applications. The company operates globally, with a strong presence across...
How the Company Makes Money
null...
T1 Energy Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presented meaningful operational and strategic progress: strong Q2 module production (935 MW), a 300 bps gross margin improvement, significant commercial validation (641 MW Clearway offtake plus 900 MW Treaty Oak and ~3 GW contract coverage for 2026), steady G2_Austin construction with first cell production expected Q1 2027, and accretive IP and business acquisitions (TOPCon IP and KORE/T1 NRI). At the same time, the company faces nontrivial near-term challenges including dependence on a $24M one-time tariff refund in Q2 adjusted EBITDA, increased SG&A/legal costs, a modest cash balance ($149M) versus remaining Phase 1 CapEx ($200M–$250M), and delays/uncertainty around the comprehensive financing solution and Section 232 implementation mechanics. Overall, the company has clear execution momentum and market validation but still must close financing and manage short-term liquidity and legal/implementation risks.Positive Updates
Strong Q2 Production
Produced 935 MW of solar modules in Q2 2026 (second-highest quarterly production for G1_Dallas); production volumes increased sequentially each month in the quarter.
Negative Updates
Adjusted EBITDA Reliant on Nonrecurring Item
Q2 adjusted EBITDA was $10.7M but included a $24M nonrecurring IEEPA tariff refund received after quarter end, indicating underlying EBITDA for ongoing operations may be weaker without that one-time benefit.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Q2 Production
Produced 935 MW of solar modules in Q2 2026 (second-highest quarterly production for G1_Dallas); production volumes increased sequentially each month in the quarter.
Read all positive updates
Company Guidance
The company reiterated full‑year 2026 production guidance of 3.1–4.2 GW and said it now expects results near the high end of that range, after producing 935 MW of modules in 2Q26; Q2 gross margin was 19.5% (up ~300 bps vs. 1Q) and adjusted EBITDA was $10.7M (inclusive of a $24M nonrecurring IEEPA refund received after quarter end). T1 is advancing G2_Austin Phase 1 (2.1 GW) with first cell production targeted in Q1 2027, steel topping out in August, main building completion in Q4 and production‑line installation starting in Q4, and it continues to plan optional Phase 2 expansion toward ~5 GW; the company targets Phase 1 run‑rate revenue of $375–$450M and a matched 5 GW run‑rate of $650–$700M. Financially, cash and equivalents were $149M at quarter end and management completed a $120M private placement of convertible notes (due 2031) as a bridge while pursuing a comprehensive financing (expected to include a significant debt component) to fund remaining Phase 1 CapEx (estimated $200–$250M). Commercially, T1 has roughly 3 GW of contract coverage for 2026, announced a 641 MW Clearway offtake and a 900 MW Treaty Oak contract, and said Q3/Q4 run rates and adjusted EBITDA should exceed 2Q levels with further improvement into 2027 as G2 ramps.T1 Energy Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
29
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 996.85M | 755.29M | 2.94M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 83.22M | 55.58M | 1.23M | 0.00 | -478.00K | -120.00K |
| EBITDA | -194.72M | -210.34M | -69.94M | -14.86M | -98.64M | -93.25M |
| Net Income | -383.64M | -367.83M | -450.15M | -71.94M | -98.79M | -93.38M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.37B | 1.34B | 732.90M | 828.44M | 627.03M |
| Cash, Cash Equivalents and Short-Term Investments | 79.11M | 182.45M | 72.64M | 254.31M | 563.04M | 563.96M |
| Total Debt | 778.50M | 327.19M | 713.38M | 0.00 | 14.40M | 0.00 |
| Total Liabilities | 1.37B | 1.05B | 1.10B | 98.19M | 108.31M | 81.55M |
| Stockholders Equity | 275.27M | 321.88M | 237.14M | 633.20M | 717.46M | 545.49M |
Cash Flow | ||||||
| Free Cash Flow | -184.81M | 16.66M | -153.65M | -275.75M | -270.80M | -76.91M |
| Operating Cash Flow | 3.87M | 95.46M | -102.82M | -87.93M | -90.01M | -63.14M |
| Investing Cash Flow | -202.27M | -32.60M | -137.73M | -186.98M | -175.03M | -33.79M |
| Financing Cash Flow | 307.68M | 129.92M | 45.87M | 0.00 | 250.07M | 649.00M |
T1 Energy Technical Analysis
Negative
5.00
Price Trends
6.57
Negative
6.58
Negative
6.47
Negative
Market Momentum
-0.50
Negative
38.05
Neutral
8.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TE, the sentiment is Negative. The current price of 5 is above the 20-day moving average (MA) of 4.84, below the 50-day MA of 6.57, and below the 200-day MA of 6.47, indicating a bearish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 38.05 is Neutral, neither overbought nor oversold. The STOCH value of 8.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TE.
T1 Energy Risk Analysis
T1 Energy disclosed 55 risk factors in its most recent earnings report. T1 Energy reported the most risks in the "Finance & Corporate" 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | $1.56B | -2.97 | -31.69% | ― | 29.71% | 11.38% | |
48 Neutral | $1.30B | -2.06 | -144.49% | ― | 426.99% | 36.20% | |
46 Neutral | $103.24M | -8.26 | -59.21% | ― | -6.45% | -106.73% | |
41 Neutral | $13.34M | -0.14 | -1251.69% | ― | -119.02% | 53.13% | |
41 Neutral | $96.54M | -0.68 | -63.74% | ― | -3.74% | 9.32% | |
40 Underperform | $8.71M | -0.35 | 302.33% | ― | ― | 67.65% |
* Industrials Sector Average
TE
T1 Energy
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T1 Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
T1 Energy Advances U.S. Solar Supply Chain Strategy
Positive
Aug 12, 2026
T1 Energy reported second-quarter 2026 net sales of $250.1 million, a net loss from continuing operations of $36.9 million and adjusted EBITDA of $10.7 million, aided by $24.4 million in tariff refunds, while ending June 30 with $156.4 million in ...
Business Operations and StrategyRegulatory Filings and Compliance
T1 Energy Clarifies Legal Status of Evervolt Shares
Neutral
Aug 7, 2026
T1 Energy Inc. filed an automatic shelf registration statement on January 21, 2026, and on August 7, 2026, submitted a prospectus supplement to cover the potential resale of 13,615,979 common shares held by Evervolt Green Energy Holding Pte, Ltd. ...
Business Operations and StrategyPrivate Placements and Financing
T1 Energy Raises $120M via Convertible Notes Offering
Positive
Jul 31, 2026
On July 31, 2026, T1 Energy Inc. closed a $120 million offering of 4.75% Convertible Senior Notes due 2031 to qualified institutional buyers under note purchase agreements dated July 29, 2026. The senior unsecured notes carry semi-annual interest ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
T1 Energy issues convertible notes to fund expansion
Positive
Jul 30, 2026
On July 29, 2026, T1 Energy Inc. entered into note purchase agreements for a private placement of $120 million of 4.75% convertible senior notes due 2031 to qualified institutional buyers, with closing expected on July 31, 2026. The senior unsecur...
Business Operations and StrategyM&A Transactions
T1 Energy Acquires Key TOPCon Solar Technology Assets
Positive
Jul 28, 2026
On July 28, 2026, T1 Energy Inc. acquired foundational Tunnel Oxide Passivated Contact (TOPCon) solar patents, related intellectual property and other assets from Singapore-based Evervolt Green Energy Holding for total consideration of $135 millio...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
T1 Energy Issues Preliminary Q2 Results, Updates Expansion
Negative
Jul 28, 2026
On July 28, 2026, T1 Energy reported preliminary second-quarter 2026 results, expecting $245 million to $255 million in sales on 835 MW of module shipments, alongside a net loss from continuing operations of $34 million to $37 million and negative...
Business Operations and StrategyDelistings and Listing Changes
T1 Energy Announces Expiration and Delisting of Warrants
Neutral
Jun 29, 2026
On July 9, 2026, T1 Energy’s publicly traded and private warrants, each exercisable for one share of common stock at an exercise price of $11.50, will expire under the terms of an amended warrant agreement first dated July 7, 2021. As of Mar...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
T1 Energy Shareholders Approve Directors, Pay and Share Increase
Positive
Jun 17, 2026
T1 Energy Inc. held its annual meeting of stockholders virtually on June 17, 2026, at which shareholders elected the company’s slate of directors to one-year terms and approved, on an advisory basis, the compensation of its named executive o...
Business Operations and StrategyM&A Transactions
T1 Energy Acquires KORE Power to Expand Storage
Positive
Jun 8, 2026
On June 2, 2026, T1 Energy Inc. entered into a definitive agreement to acquire KORE Power, Inc., an engineering-focused provider of battery energy storage systems and software solutions, for an enterprise value of about $32 million in equity, cash...
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.