T1 Energy forecasts up to $255 million sales

• T1 Energy expects preliminary second-quarter 2026 sales of between $245 million and $255 million on approximately 835 megawatts of module shipments.
• The company projects a continuing-operations net loss of $34 million to $37 million and adjusted EBITDA between negative $14.5 million and negative $11.5 million.
• T1 Energy raised planned spending for G2_Austin Phase 1 to about $510 million and delayed first-cell production to the first quarter of 2027.

T1 Energy (NYSE:TE) expects preliminary second-quarter 2026 sales of between $245 million and $255 million on approximately 835 megawatts of solar module shipments.

The company estimated a net loss from continuing operations of between $34 million and $37 million, with adjusted EBITDA projected between negative $14.5 million and negative $11.5 million, excluding an expected $24.4 million refund of IEEPA-related tariffs.

T1 Energy said it expects full-year production at G1_Dallas to reach the upper end of its previously announced range of 3.1 gigawatts to 4.2 gigawatts.

Cash, cash equivalents and restricted cash totalled $156.4 million at June 30, 2026, including $79.1 million of unrestricted cash, while the company monetised its remaining 2025 Section 45X tax credits for $39.1 million at $0.93 on the dollar.

T1 Energy raised projected capital expenditure for G2_Austin Phase 1 to approximately $510 million from $425 million and delayed expected first-cell production to the first quarter of 2027.

T1 Energy develops solar manufacturing, battery energy storage and data-centre infrastructure operations, with production assets including G1_Dallas and the planned G2_Austin facility.

The company also agreed to acquire foundational solar patents and other intellectual property from Evervolt for $135 million and completed its acquisition of KORE Power in July 2026, creating the T1 NRI brand for battery storage and data-centre infrastructure markets.