Quarterly ResultAug 12, 2026, 06:03 AM
T1 Energy Q2 Net Sales $250.1M; Net Loss $(36.9)M; Acquires KORE Power
AI Summary
T1 Energy reported Q2 2026 net sales of $250.1 million and a net loss from continuing operations of $(36.9) million, with Adjusted EBITDA reaching $10.7 million. The company made significant strategic moves, including the acquisition of KORE Power to enter the energy storage and AI data center markets, and the acquisition of advanced TOPCon solar intellectual property rights from Evervolt for $135 million. Construction of the G2_Austin solar cell fab is progressing, with first cell production anticipated in Q1 2027, and T1 also secured a 641 MW solar module supply contract with Clearway Energy Group.
Key Highlights
- Q2 2026 net sales reached $250.1 million.
- Reported Q2 net loss from continuing operations of $(36.9) million.
- Achieved Q2 Adjusted EBITDA of $10.7 million.
- Acquired KORE Power, entering energy storage and AI data center markets.
- Acquired advanced TOPCon solar IP rights from Evervolt for $135 million.
- Secured 641 MW solar module supply contract with Clearway Energy Group.
- G2_Austin solar cell fab construction progressing; first cells expected Q1 2027.
- Monetized $39.1 million in 2025 Section 45X tax credits.
Price Impact
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