earnings
confidence high
sentiment negative
materiality 0.75
T1 Energy reports preliminary Q2 net loss $34-37M, sales $245-255M; acquires solar IP for $135M
T1 Energy Inc.
- Preliminary Q2 2026: total sales $245-255M on 835 MW module volumes; net loss from continuing ops $34-37M; adjusted EBITDA -$14.5M to -$11.5M.
- Cash and restricted cash $156.4M as of June 30, 2026; unrestricted cash $79.1M.
- Acquired foundational solar patents from Evervolt for $135M; closed acquisition of KORE Power for BESS/data center entry.
- G2_Austin Phase 1 capex guidance raised to $510M (from $425M); first solar cell production delayed to Q1 2027.
- Full-year 2026 production target enhanced to higher end of 3.1-4.2 GW range; monetized remaining 2025 45X credits for $39.1M at $0.93/dollar.