T1 Energy files target financials for Trina Solar U.S. acquisition; shows $22.8M net loss in 9M 2024

T1 Energy Inc.

Target's 2023 audited: assets $119.8M, net loss $3.1M, no revenue; parent contributed $100M.
Target's 9M 2024 unaudited: revenue $17K, net loss $22.8M, vs $1.5M loss in 9M 2023.
Property and equipment grew to $194.6M from $29.3M; inventories $153.4M; long-term debt $205.2M.
Cash used in operations $101.8M and investing $127.2M; financed with $235M in debt during 9M 2024.
Target built a 5GW module plant in Texas (construction started Sep 2023); expected completion end of 2024.

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