T1 Energy (TE)
NYSE:TE
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T1 Energy
(NYSE:TE)
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Rating:48Neutral
Price Target:
$4.00
▼(-4.08% Downside)
Action:ReiteratedDate:03/31/26
The score is held down primarily by weak financial performance (large losses, declining revenue, and high leverage) and bearish technicals (negative MACD and trading below key moving averages). The earnings call provides a meaningful offset through clearer production/offtake visibility and progress on funding and tax credit monetization, but remaining funding needs and regulatory uncertainty keep risk elevated, while valuation signals are limited due to negative earnings and no stated dividend.
Positive Factors
Capital Formation
A >$440M capital raise materially strengthens liquidity and validates institutional access to funding. This reduces near-term financing execution risk for multi‑year plant buildouts, supports equipment ordering and contract performance, and makes multi‑quarter construction milestones more achievable without immediate dilutive raises.
Negative Factors
High Leverage
Debt-to-equity near 4.5x materially constrains financial flexibility, raising refinancing and covenant risk as capex needs persist. High leverage increases interest burden and reduces resilience to demand or timing shocks, forcing reliance on capital markets or asset sales to fund strategic construction milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital Formation
A >$440M capital raise materially strengthens liquidity and validates institutional access to funding. This reduces near-term financing execution risk for multi‑year plant buildouts, supports equipment ordering and contract performance, and makes multi‑quarter construction milestones more achievable without immediate dilutive raises.
Read all positive factors
T1 Energy (TE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend YieldN/A
Average Volume (3M)13.82M
Price to Earnings (P/E)―
Beta (1Y)2.56
Revenue GrowthN/A
EPS Growth-394.37%
CountryUS
Employees328
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.70
Shares Outstanding279,036,740
10 Day Avg. Volume13,117,228
30 Day Avg. Volume13,818,082
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)3.60
Price to Sales (P/S)6.89
P/FCF Ratio69.61
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.88
Enterprise Value/Gross Profit16.33
Enterprise Value/Ebitda-5.41
Forecast
1Y Price Target
$7.83Price Target Upside87.77% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.19
Revenue Forecast (FY)$965.79M
T1 Energy Business Overview & Revenue Model
Company Description
T1 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 faciliti...
How the Company Makes Money
null...
T1 Energy Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call conveyed clear operational and commercial progress—record production at G1, rapid construction and detailed milestones for the G2_Austin fab, successful capital raises and an expanding contract and merchant pipeline—alongside material near-term challenges: a set of one-time accounting and regulatory-driven hits (~$87.7M), elevated SG&A from ramp activity, remaining funding needs of $350M for G2 Phase 1, and ongoing regulatory/timing uncertainty that affects demand cadence. Management expressed confidence in funding and execution, expects margin and EBITDA improvement through 2026 into a step-change in 2027, and highlighted validated monetization of 45x tax credits. Overall, the positive operational momentum and financing progress outweigh the near-term obstacles and one-time impacts.Positive Updates
Record Production and Sales at G1_Dallas
G1_Dallas produced 2.79 GW of solar modules in 2025, meeting the annual production target; quarterly production and sales surpassed 1 GW for the first time, and the 5 GW nameplate factory achieved maximum daily run rates.
Negative Updates
One-time / Unusual Items Impacting 2025 Results (~$87.7M)
Management identified multiple nonrecurring items that contributed to the miss vs guidance: a $34M accounting classification related to a sales commission waiver (P&L recognition restriction), $16M lower net sales from an inventory sale tied to regulatory restrictions, $22.7M lower sales from customer offtake true-ups, and ~$15M of higher-than-forecasted tariffs on imported sales (total ≈ $87.7M).
Read all updates
Q4-2025 Updates
Positive
Negative
Record Production and Sales at G1_Dallas
G1_Dallas produced 2.79 GW of solar modules in 2025, meeting the annual production target; quarterly production and sales surpassed 1 GW for the first time, and the 5 GW nameplate factory achieved maximum daily run rates.
Read all positive updates
Company Guidance
Management reiterated 2026 production guidance of 3.1–4.2 GW for G1 (increasingly comfortable with the high end), with 3.0 GW already under firm offtake (1.0 GW cost‑plus, 2.0 GW fixed‑margin) and plans to procure 3.1–4.2 GW of cells through its global vendor network; G1 is a 5 GW nameplate facility that produced 2.79 GW in 2025 and exceeded 1 GW in Q4. G2_Austin Phase 1 is a 2.1 GW fab (Phase 2 ≥3.2 GW to take total >5 GW), with remaining Phase‑1 CapEx of $350 million targeted for full financial close in April, structural steel erection planned in April, equipment arriving over the summer, and first domestic high‑efficiency cells expected by year‑end 2026 (G2 expected to drive cash flow in Q4 2026). The company raised over $440 million in Q4 (including $322 million in December and prior $72M equity + $50M convertible), has a 3‑year 900 MW offtake (Treaty Oak) starting in 2027, a total commercial opportunity pipeline of ~41 GW (≈13 GW merchant + >10 GW advanced offtake + ~18 GW mid‑stage), and has preserved and begun monetizing Section 45x tax credits.T1 Energy Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
26
Negative
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 755.29M | 2.94M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 55.58M | 1.23M | 0.00 | -478.00K | -120.00K |
| EBITDA | -210.34M | -63.81M | -62.18M | -98.64M | -93.25M |
| Net Income | -367.83M | -450.15M | -71.94M | -98.79M | -93.38M |
Balance Sheet | |||||
| Total Assets | 1.37B | 1.34B | 732.90M | 828.44M | 627.03M |
| Cash, Cash Equivalents and Short-Term Investments | 182.45M | 72.64M | 254.31M | 563.04M | 563.96M |
| Total Debt | 327.19M | 713.38M | 0.00 | 14.40M | 0.00 |
| Total Liabilities | 1.05B | 1.10B | 98.19M | 108.31M | 81.55M |
| Stockholders Equity | 321.88M | 237.14M | 633.20M | 717.46M | 545.49M |
Cash Flow | |||||
| Free Cash Flow | 16.66M | -153.65M | -275.75M | -270.80M | -76.91M |
| Operating Cash Flow | 95.46M | -102.82M | -87.93M | -90.01M | -63.14M |
| Investing Cash Flow | -32.60M | -137.73M | -186.98M | -175.03M | -33.79M |
| Financing Cash Flow | 129.92M | 45.87M | 0.00 | 250.07M | 649.00M |
T1 Energy Technical Analysis
Negative
4.17
Price Trends
6.87
Negative
6.38
Negative
4.30
Negative
Market Momentum
-0.83
Positive
30.64
Neutral
7.80
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 4.17 is below the 20-day moving average (MA) of 6.18, below the 50-day MA of 6.87, and below the 200-day MA of 4.30, indicating a bearish trend. The MACD of -0.83 indicates Positive momentum. The RSI at 30.64 is Neutral, neither overbought nor oversold. The STOCH value of 7.80 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 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
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% | |
48 Neutral | $1.16B | -3.05 | -153.56% | ― | ― | -394.37% | |
45 Neutral | $339.59M | -4.17 | -26.54% | ― | 41.05% | -1.02% | |
45 Neutral | $78.22M | ― | -50.12% | ― | 24.01% | 5.55% | |
45 Neutral | $29.89M | -0.43 | -265.36% | ― | -3.53% | 24.37% | |
43 Neutral | $27.71M | -1.44 | 209.00% | ― | ― | 61.78% | |
42 Neutral | $172.74M | -1.85 | -70.19% | ― | -14.27% | -28.56% |
* Industrials Sector Average
TE
T1 Energy
4.17
3.07
279.09%
FCEL
Fuelcell Energy
6.41
2.51
64.36%
TGEN
Tecogen
2.74
0.89
48.11%
GWH
ESS Tech
1.10
-1.33
-54.73%
SDST
Stardust Power
2.78
-2.80
-50.18%
NVX
NOVONIX Ltd Sponsored ADR
0.72
-0.23
-24.21%
T1 Energy Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresRegulatory Filings and Compliance
T1 Energy Reports Record Results and Project Progress
Positive
Mar 31, 2026
On March 26 and March 30, 2026, T1 Energy announced the immediate resignations of directors Tore Ivar Slettemoen and Mingxing “Charles” Lin, noting the departures were not due to disagreements over company operations or policies. The b...
Business Operations and StrategyExecutive/Board Changes
T1 Energy Updates Director Consulting Agreement, Adds M&A Incentive
Positive
Feb 18, 2026
On February 11, 2026, T1 Energy Inc. amended its consulting agreement with director Peter Matrai, extending his consulting term for one year from January 1, 2026, to December 31, 2026, while keeping his monthly consulting fee at $30,000, subject o...
Executive/Board Changes
T1 Energy Appoints New Chief Accounting Officer
Neutral
Feb 6, 2026
On February 5, 2026, T1 Energy Inc. terminated the employment of its SVP, Chief Accounting Officer and Corporate Controller, Denise Cruz, effective immediately, and offered her a termination package as she departs to pursue personal interests. On ...
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 w...
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.