T1 (TE) Soars 16.7% After Exec Meets VP Vance

We recently published 10 Small Stocks with Mighty Gains. T1 Energy Inc. (NYSE:TE) is one of the top-performing stocks on Wednesday.

T1 Energy climbed for a third consecutive day on Wednesday, adding 16.72 percent to end at $3.84 apiece as investors continued to load up portfolios following its chief executive’s meeting with US Vice President JD Vance to discuss American energy and manufacturing.

In a statement, T1 Energy Inc. (NYSE:TE) said its chairman and chief executive officer, Dan Barcelo, is committed to supporting the development of energy in the US.

According to T1 Energy Inc. (NYSE:TE), it is accelerating the development of its 2.1 GW solar cell fabrication facility to support project completion by the end of the year.

Upon completion, the first phase of the facility, called G2_Austin, is targeted to start producing solar cells in the fourth quarter of 2026 with an estimated investment of $400 million to $425 million, as well as generate some 1,700 new jobs.

Apart from G2_Austin, T1 Energy Inc. (NYSE:TE) also owns and operates the G1_Dallas solar module facility in Wilmer, Texas—one of the most advanced solar manufacturing plants globally, with a capacity to produce between 2.6 and 3 GW of solar modules in 2025.

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Disclosure: None. This article is originally published at Insider Monkey.