T1 Energy Q2 2026: $250M in Sales, $10.7M Adjusted EBITDA, and Strategic Milestones
TE has more than doubled off its 52-week low of $1.2.
Summary
T1 Energy posted Q2 2026 net sales of $250.1 million and Adjusted EBITDA of $10.7 million, announced a 641 MW offtake deal with Clearway, and acquired TOPCon solar IP. The G2_Austin cell fab is advancing toward first production in Q1 2027.
Key Events · Earnings and Guidance · TE
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Q2 2026 Financial Results
Net sales reached $250.1 million, while the net loss from continuing operations was $(36.9) million. Adjusted EBITDA came in at $10.7 million, benefiting from a $24.4 million tariff refund.
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641 MW Offtake Deal with Clearway
Under the agreement, T1 will supply Clearway Energy Group with 641 MW of solar modules built with domestic cells from its G2_Austin fab, expanding the contracted backlog.
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TOPCon IP Acquisition
The company acquired foundational solar patents from Evervolt for $135 million, eliminating projected annual licensing fees of $25-40 million and strengthening its technology moat.
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G2_Austin Construction Update
Phase 1 capex is projected at $510 million with a 20% contingency. First cell production is expected in Q1 2027, with key equipment now arriving at U.S. ports.
Analysis · TE · Manufacturing
A strong operational quarter saw T1 Energy generate $250.1 million in net sales and positive Adjusted EBITDA of $10.7 million, helped by higher module output and a $24.4 million tariff refund. The quarter also brought a major offtake agreement with Clearway, the acquisition of foundational TOPCon solar IP, and an updated timeline for the flagship G2_Austin cell fab, where first production is now expected in Q1 2027. These results and strategic moves reinforce the company's standing as a domestic solar manufacturing leader, though the net loss from continuing operations of $36.9 million and the ongoing capital requirements for G2_Austin remain key watchpoints.
At the time of this filing, TE was trading at $5.69 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $1.20 to $12.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.