Mergers & Acquisitions ·
T1 Energy Inc. announced preliminary second quarter 2026 financial results and strategic business updates
TE-WTT1 Energy Inc.
T1 Energy Inc. announced preliminary second quarter 2026 financial results and strategic business updates. The company expects total sales of $245 million to $255 million on module volumes of 835 MW, with a net loss from continuing operations of $34.0 million to $37.0 million and negative Adjusted EBITDA of ($14.5) million to ($11.5) million. T1 acquired solar intellectual property from Evervolt for $135 million and closed its acquisition of KORE Power, Inc. to enter the energy storage market. Additionally, T1 monetized 2025 Section 45X tax credits for $39.1 million and raised G2_Austin Phase 1 capital expenditure guidance to $510 million, pushing first solar cell production to Q1 2027. T1 Energy Inc. is an energy solutions provider building an integrated U.S. solar supply chain for solar manufacturing and storage.