T1 Energy Q2 Revenue Hits ~$250M, But Capex Jumps 20% and Cell Production Delayed to 2027
TE has more than doubled off its 52-week low of $1.15.
Summary
T1 Energy's preliminary Q2 results show revenue of $245M-$255M on 835 MW of module sales, but net losses of $34M-$37M persist. Adjusted EBITDA remains negative at ($14.5M)-($11.5M) after excluding $24.4M in IEEPA tariff refunds. Cash is tight at $79.1M unrestricted. The G2_Austin solar cell fab now costs $510M (up from $425M) and won't produce cells until Q1 2027, a delay from year-end 2026. The company also closed the KORE Power acquisition and bought Evervolt solar IP for $135M. Additionally, T1 Energy filed an 8-K disclosing the termination of a definitive agreement.
At the time of this announcement, TE was trading at $4.78 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $1.15 to $12.49. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.