T1 Energy Inc. (NYSE:TE) shares gained 3.11% in premarket trading on Wednesday after the solar manufacturer reported second-quarter 2026 revenue comfortably above Wall Street expectations.
The company recorded a net loss from continuing operations of -$0.14 per share, in line with analyst estimates. Revenue reached $250.1 million, exceeding the consensus forecast of $205.13 million.
Second-quarter revenue increased 88% year on year from $132.8 million in the corresponding period of 2025.
The results also benefited from a $24.4 million pre-tax reduction in cost of sales related to tariff refunds recognised during the quarter.
Solar module production reaches 935 MW
T1 Energy produced 935 MW of solar modules at its G1_Dallas facility during the quarter and generated Adjusted EBITDA of $10.7 million.
“We made significant advances during and since the second quarter to strengthen T1’s long-term competitive position while we fund and execute our domestic vertical integration strategy,” said Dan Barcelo, Chairman and CEO of T1 Energy.
“Our mission to power America with industry leading solar technology while we support the domestic polysilicon industry is resonating with customers, and we are focused on delivering strong operational and financial performance in the second half of 2026 while we continue to make meaningful progress at G2_Austin, our flagship U.S. solar cell fab.”
Following the quarter’s operating performance, T1 said it expects full-year 2026 production to fall towards the upper end of its previously announced range of 3.1 GW to 4.2 GW.
G2_Austin development continues
T1 Energy continues to advance construction of the first phase of its G2_Austin solar cell manufacturing facility as part of its strategy to establish a vertically integrated domestic production platform.
Phase 1 is designed to provide 2.1 GW of capacity, with total capital expenditure currently projected at $510 million. The company expects the facility to produce its first solar cells during the first quarter of 2027.
T1 is also pursuing a comprehensive financing package to fund the remaining estimated capital expenditure required to complete the first phase. The company expects a significant debt component to form part of the financing solution.
T1 Energy ends quarter with $156.4 million in cash
As of June 30, 2026, T1 Energy held $156.4 million in cash, cash equivalents and restricted cash.
Of that amount, $79.1 million represented unrestricted cash available to the company as it continues investing in its U.S. manufacturing expansion.
The stronger-than-expected quarterly revenue, combined with progress at G1_Dallas and the ongoing development of G2_Austin, supported the positive market reaction following the results.
T1 Energy stock price
