T1 Energy Inc. (TE) Stock Price & Analysis
T1 Energy Inc. (TE) closed at USD 2.29 on Friday, October 23, 2026, down 0.87% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 2.29; the Oct 23, 2026 session ranged USD 2.21–2.32 on volume of 12,022,687 shares. Market capitalization is —, with a 52-week range of USD 2.21–12.49 (NYQ). Source: Nexqual, retrieved October 24, 2026 at 14:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TE.md
Key facts (TE)
- Last four reported quarters (through Jun 30, 2026): revenue $997M, net income -$384M (-38.5% margin), free cash flow -$185M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $190M; 1 not under a Rule 10b5-1 plan ($190M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -34.0% vs S&P 500 +13.4%; 5Y -77.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-12, EPS estimate USD -0.12, revenue estimate $270M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | — | $0K | $2.9M | $755M | $997M |
| Gross profit | — | — | $0K | $1.2M | $55.6M | — |
| Operating income | -$75.6M | -$122M | -$65.5M | -$79.0M | -$235M | -$227M |
| Net income | -$93.4M | -$98.8M | -$71.9M | -$451M | -$368M | -$384M |
| EPS (diluted) | -$1.24 | -$0.83 | -$0.51 | -$3.20 | -$2.19 | — |
| Free cash flow | -$76.9M | -$271M | -$276M | -$154M | $16.7M | -$185M |
| Gross margin | — | — | — | 41.7% | 7.4% | — |
| Operating margin | — | — | — | -2685.5% | -31.1% | -22.8% |
| Net margin | — | — | — | -15314.5% | -48.7% | -38.5% |
| Revenue growth | — | — | — | — | +25572.8% | — |
| Cash + short-term investments | $564M | $443M | $253M | $72.6M | $182M | — |
| Total debt | — | — | $0K | $602M | $390M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TE)
Insider sales (SEC Form 4, open-market, last ~7 months) (TE)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-21…2026-05-22 | Trina Solar (schweiz) Ag | 22,500,000 | $190M | 42.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TE)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-23 | Needham | Target lowered | Buy | $7 → $6 |
| 2026-09-14 | JP Morgan | Initiated | Neutral | $5 |
| 2026-08-12 | BTIG | Target raised | Buy | $8 → $9 |
| 2026-07-28 | Needham | Target lowered | Buy | $8 → $7 |
Total return (dividends reinvested) (TE)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -34.0% | -77.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -34.1% | -25.7% |
| Volatility (annualized) | 120.0% | 103.2% |
| Max drawdown | -81.0% (Jun 2026→Oct 2026) | -93.3% (Oct 2022→Oct 2024) |
TE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Corning (GLW) | “Our efforts to build a domestic supply chain, including domestic cells to be produced at our G2_Austin facility, domestic polysilicon from Hemlock Semiconductor, domestic wafers from Corning, and domestic steel frames from Nextpower are expected to further bolster our ongoing material assistance compliance efforts.” |
| Related party | Trina Solar | “In connection with the Trina Business Combination, we issued a senior unsecured note due 2029 to Trina Solar (Schweiz) AG, a related party.” |
| Related party | EDGE Global | “As of December 31, 2024, we had 0.7 million warrants held by EDGE Global LLC ("EDGE Global"), a related party, or its co-owners that were outstanding and exercisable.” |
Quoted from the company's 10-K filed Mar 31, 2026.
TE customer concentration
In the period ended Jun 30, 2026, a single direct customer accounted for 100% of revenue, per the company's 10-Q filed Aug 12, 2026. The company does not name it.
TE company outlook (results filed Aug 12, 2026)
- “As the Company indicated in July, T1 is projecting that capital expenditures for G2_Austin Phase 1 will total $510 million in accordance with the recent addition of a 20% contingency.”
- “T1 expects to produce the first solar cells at G2_Austin in Q1 2027. §”
- “T1 Energy Inc. 1 News Release Business update and guidance §”
- “T1 expects the run rate of production in Q3 and Q4 2026 will exceed Q2 2026 production and believes 2026 production will fall within the higher end of its previously disclosed 2026 production range of 3.1 - 4.2 GW.”
Quoted word-for-word from the SEC 8-K results press release.
TE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.12 | $-0.04 | +198.6% | $269.9M | 4 |
| Next quarter (ends Dec 2026) | $-0.08 | $-0.02 | +356.7% | $328.1M | 4 |
| Current fiscal year (ends Dec 2026) | $-0.39 | $-0.23 | +69.0% | $1.02B | 3 |
| Next fiscal year (ends Dec 2027) | $0.06 | $0.21 | -72.4% | $1.37B | 4 |
TE options: expected move
Options price a move of about ±24.4% (±$0.55) by Nov 13, 2026, which includes earnings on Nov 12, 2026; the earnings reaction alone is priced at about ±6.3%. Over the last 8 reports the stock moved ±13% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 6 | 71.9% | ±15.6% |
| Nov 6, 2026 | 13 | 120.7% | ±21.1% |
| Nov 13, 2026 | 20 | 120.2% | ±24.4% |
| Nov 20, 2026 | 27 | 123.3% | ±25.6% |
| Nov 27, 2026 | 34 | 109.6% | ±27.8% |
| Dec 4, 2026 | 41 | 104.6% | ±28.9% |
| Dec 18, 2026 | 55 | 98.7% | ±31.1% |
| Jan 15, 2027 | 83 | 114.6% | ±42.2% |
30-day implied volatility 109.5% vs 69.5% realized over the last 30 trading days. Put/call ratio (volume) 0.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 14:22 UTC)
| Price | USD 2.29 |
|---|---|
| Change | ▼ 0.87% (down) |
| Previous Close | USD 2.29 |
| Open | USD 2.29 |
| Day Range | USD 2.21 – 2.32 |
| 52-Week Range | USD 2.21 – 12.49 |
| Volume | 12,022,687 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (TE)
Nexqual's technical model rates TE "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 14:22 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 17.28 (oversold) |
| vs SMA50 | Below (USD 3.96) |
| MACD | -0.51 (negative) |
Earnings (TE)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.12 |
| Revenue Estimate | $269.86M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.1 vs est -0.1 ▲ beat |
| 2026-03-31 | USD -0.1 vs est -0.14 ▲ beat |
| 2025-12-31 | USD -0.43 vs est 0 ▼ miss |
| 2025-09-30 | USD -0.35 vs est -0.15 ▼ miss |
Source: Nexqual, October 24, 2026 at 14:22 UTC.
Financials & Fundamentals (TE)
| Total Revenue | $996.85M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +88.40% |
| Gross Margin | +5.90% |
| Operating Margin | -18.86% |
| Profit Margin | -38.48% |
| ROE | -124.45% |
| Debt / Equity | 2.83 |
| Current Ratio | 1.3 |
| Total Cash | $79.11M |
| Total Debt | $778.50M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$184.81M (-18.5% of revenue) |
Source: Nexqual, October 24, 2026 at 14:22 UTC.
Financial Health Score (TE)
Nexqual rates T1 Energy Inc.'s overall financial health "Weak" across five dimensions, as of October 24, 2026 at 14:22 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Critical — Gross margin 6%, operating -19% (last 12 months) |
| Balance Sheet | Weak — $79M cash and investments vs $550M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$185M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -124%, ROA -7.9% |
Ownership (TE)
| Insider Ownership | +13.64% |
|---|---|
| Institutional Ownership | +79.94% |
| Shares Outstanding | 299.50M |
| Float | 195.14M |
| Short % of Float | +33.79% |
Source: Nexqual, October 24, 2026 at 14:22 UTC.
From T1 Energy Inc.'s Latest SEC 10-K Filing (filed 2026-03-31)
Key Strengths & Strategy (as disclosed to the SEC)
- T1 is focused on establishing an end-to-end American polysilicon solar supply chain, and we are executing that vision by partnering with great American companies, including Corning, Hemlock Semiconductor, Nextpower, Treaty Oak and others.
- We are one of the leading solar manufacturing companies in the United States, primarily selling into the utility-scale market, the largest solar market segment in the U.S.
- Enhancing our domestic content is expected to: •Provide our customers with opportunities to capture additional financial incentives under U.S. federal tax law; and •Enhance the commercial value of our integrated U.S. commercial enterprise.
- The flexibility of our U.S. solar module facility, G1_Dallas, enables us to change our mix of production across technologies and end user applications to optimize product sales in accordance with market dynamics and customer demand patterns.
Partnerships
- On December 23, 2024, we signed an agreement with TUS, to support the operations of our solar module manufacturing facility ("Module Operational Support Agreement").
- On December 23, 2024, G1_Dallas signed a sales agency and aftermarket services agreement with TUS (the "Sales Agency Agreement"), as amended on December 29, 2025, pursuant to which TUS handles the marketing and sales of solar energy modules made by or for G1_Dallas.
Legal & Regulatory Risks (Item 1A, quoted)
- Product liability claims could harm our business and liquidity if we are not able to successfully defend or insure against such claims.
- We may become subject to product liability claims, even those without merit.
- We are, and from time to time may be, involved in commercial or contractual disputes, warranty claims, and other legal proceedings, which could have an adverse impact on us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 14:22 UTC. This page is informational and not investment advice.
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