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T1 Energy
(NYSE:TE)
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Rating:43Neutral
Price Target:
$4.00
▼(-20.00% Downside)
Action:Reiterated
Date:08/01/26
The score is held down primarily by very weak profitability and negative free cash flow alongside rising leverage, plus a clearly bearish price trend with the stock trading far below key moving averages. The earnings call and corporate actions show operational progress and ongoing funding steps, but execution, financing, and policy/tax timing risks remain significant, limiting the overall rating.
Positive Factors
Revenue growth and positive operating cash flow
Sustained top-line growth with positive operating cash flow shows concrete demand and operational cash generation despite losses. That durable cash generation helps fund working capital and incremental capex, reducing near-term liquidity strain while the company scales manufacturing.
Negative Factors
Sustained negative profitability and free cash flow
Deep, persistent losses and negative FCF undermine the firm’s ability to self-fund growth and absorb shocks. Over months this necessitates continual external financing or dilution, constrains reinvestment flexibility, and raises the bar for operational turnaround to achieve durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and positive operating cash flow
Sustained top-line growth with positive operating cash flow shows concrete demand and operational cash generation despite losses. That durable cash generation helps fund working capital and incremental capex, reducing near-term liquidity strain while the company scales manufacturing.
Read all positive factors
T1 Energy (TE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend YieldN/A
Average Volume (3M)35.11M
Price to Earnings (P/E)―
Beta (1Y)2.84
Revenue Growth1459.55%
EPS Growth34.17%
CountryUS
Employees562
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-2.20
Shares Outstanding279,271,400
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
$9.33Price Target Upside86.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.27
Revenue Forecast (FY)$893.77M
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress (record adjusted EBITDA, margin expansion to 17%, G2 construction milestones met, and $176M of convertible proceeds) alongside a clear plan to close remaining financing and expand commercial supply. Material execution risks remain—notably the unresolved ~$225M G2 financing, dependence on Section 232 and tax-credit monetization timing, merchant-price uncertainty, and some near-term softness in sales due to customer inventory drawdown. On balance, the call emphasized concrete achievements and a clear path forward while acknowledging measurable but manageable risks.Positive Updates
Record Quarterly Adjusted EBITDA
T1 reported a record quarterly adjusted EBITDA of $9.1 million in Q1 2026 (highest quarterly adjusted EBITDA to date). Gross margin expanded to 17% in Q1 (~+10% versus the Q4 run rate) despite lower throughput, driven by a favorable mix shift to combined cost-plus and fixed-margin contracts (3 GW of contracted offtake for 2026). Throughput in Q1 was 683 MW (2.7 GW run rate).
Negative Updates
Sequential Sales Decline and Lower Throughput
Production sales were lower sequentially in Q1 as customers drew down module inventories ahead of safe-harbor deadlines; throughput in Q1 was 683 MW (2.7 GW run rate), below prior quarter selling activity, creating headwinds to near-term sales conversion despite improved margins.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly Adjusted EBITDA
T1 reported a record quarterly adjusted EBITDA of $9.1 million in Q1 2026 (highest quarterly adjusted EBITDA to date). Gross margin expanded to 17% in Q1 (~+10% versus the Q4 run rate) despite lower throughput, driven by a favorable mix shift to combined cost-plus and fixed-margin contracts (3 GW of contracted offtake for 2026). Throughput in Q1 was 683 MW (2.7 GW run rate).
Read all positive updates
Company Guidance
Management reiterated near‑term milestones and conditional 2026 guidance: G2_Austin Phase 1 is a 2.1 GW cell fab with a planned capital investment of $425M (remaining Phase 1 CapEx ≈ $225M), construction on schedule (concrete in April, full IFC finalized in May, first steel erection later in May) and first cell production targeted in Q4 2026, with a primarily debt‑based financing solution they expect to announce in 2Q 2026 after raising $176M net from an April convertible note offering; at G1_Dallas (5 GW module facility; >$600M invested; >1,200 employees) 2026 production guidance remains unchanged at 3.1–4.2 GW, Q1 throughput was 683 MW (2.7 GW run rate) with record quarterly adjusted EBITDA of $9.1M and a 17% gross margin (≈10 percentage points higher vs. Q4), and the company has completed non‑FEOC diligence with 4 international cell vendors; key near‑term variables that will drive updated 2026 guidance are customer demand/merchant pricing after the July 1 safe‑harbor deadline, the Commerce Section 232 outcome (expected in coming months), and the net result of the IEEPA tax refund, while 45X credit monetization for 2025 is expected near term and 2026 tax equity activity into 3Q–4Q.T1 Energy Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
42
Neutral
| 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 | -69.94M | -14.86M | -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
5.00
Price Trends
8.03
Negative
6.88
Negative
6.40
Negative
Market Momentum
-0.80
Positive
30.60
Neutral
14.69
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 below the 20-day moving average (MA) of 5.95, below the 50-day MA of 8.03, and below the 200-day MA of 6.40, indicating a bearish trend. The MACD of -0.80 indicates Positive momentum. The RSI at 30.60 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 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 54 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% | |
53 Neutral | $1.73B | -3.29 | -31.69% | ― | 29.71% | 11.38% | |
43 Neutral | $1.16B | -1.90 | -145.77% | ― | 1459.55% | 34.17% | |
43 Neutral | $21.95M | -0.22 | -1251.69% | ― | -73.24% | 53.32% | |
42 Neutral | $99.33M | -10.00 | -51.16% | ― | 10.21% | -94.23% | |
41 Neutral | $101.14M | -0.72 | -63.74% | ― | -3.74% | 9.32% | |
40 Underperform | $5.71M | -0.27 | 302.33% | ― | ― | 72.29% |
* Industrials Sector Average
TE
T1 Energy
4.17
2.93
236.29%
FCEL
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21.61
16.84
353.04%
TGEN
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3.32
-5.78
-63.52%
GWH
ESS Tech
0.75
-1.05
-58.50%
SDST
Stardust Power
0.54
-3.87
-87.76%
NVX
NOVONIX Ltd Sponsored ADR
0.40
-0.83
-67.72%
T1 Energy Corporate Events
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...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
T1 Energy Reports Record Q1 Results, Advances G2_Austin Project
Positive
May 12, 2026
T1 Energy reported its first-quarter 2026 results on May 12, 2026, highlighting record net income from continuing operations of $3.9 million and record adjusted EBITDA of $9.1 million, driven by higher-than-forecast production and sales at its G1_...
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.