T1 Energy Inc. (TE) shares jumped in premarket trading Tuesday after the solar manufacturer reported first-quarter results that beat Wall Street's expectations. The stock was up about 13% at $6.83 as investors cheered the better-than-expected numbers and the company's progress on its key Austin facility.
T1 Energy Stock Jumps After Q1 Earnings Beat Wall Street Estimates
MarketDash
TE stock climbs 13% in premarket after reporting a smaller-than-expected loss and strong revenue. The company's 2.1GW Austin solar facility is on track for production by year-end.
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Earnings Beat Expectations
The company reported a first-quarter loss of 8 cents per share, beating analyst estimates for a loss of 14 cents per share. Revenue came in at $177.65 million, well above the consensus estimate of $128.75 million.
T1 posted a net loss attributable to common stockholders of $21.41 million, compared with a loss of $17.13 million in the year-ago quarter. But the real story was in adjusted EBITDA, which improved to $9.13 million from a loss of $4.00 million a year earlier. The company said the improvement was driven by stronger-than-expected production and sales at its G1_Dallas facility, a higher mix of fixed-margin and cost-plus contracts, and lower third-party costs.
As of March 31, 2026, the company had cash, cash equivalents, and restricted cash totaling $123.67 million.
G2_Austin Project Progress
T1 said construction of its 2.1-gigawatt G2_Austin solar cell facility remains on schedule, with completion timelines unchanged. During the quarter, the company ordered key long-lead equipment, advanced site and infrastructure work, began concrete construction in April, and finalized engineering design packages in early May.
Structural steel installation is expected to begin later this month, while initial production remains targeted for the fourth quarter of 2026. That's a key milestone for the company as it looks to ramp up domestic solar cell production.
Financing And Capital Plans
The company said financing efforts are progressing and that it expects to secure a comprehensive funding package in the second quarter of 2026, including a significant debt component for G2_Austin Phase 1. Following its April 2026 convertible notes offering, which generated about $174.7 million in net proceeds, T1 estimated the remaining Phase 1 funding requirement at roughly $225 million.
Production Outlook And Customer Demand
T1 maintained its 2026 production guidance at 3.1 gigawatts to 4.2 gigawatts from G1_Dallas. The company said it remains positioned to achieve the upper end of the range as it continues qualifying international cell suppliers.
Management also cited incremental customer demand for integrated high-domestic-content G1_Dallas/G2_Austin modules, with indicative demand for 2027 and 2028 already exceeding expected production capacity. That suggests strong appetite for domestically produced solar components, which could be a tailwind as the company scales up.
Stock Price Action
T1 Energy shares were up 13.08% at $6.83 during premarket trading on Tuesday, according to market data.
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