New York, May 18, 2026, 08:05 (EDT)
T1 Energy Inc. is set to open higher Monday, with premarket quotes at $6.55 to $6.56 after finishing Friday at $5.67. The stock is moving in early trading before the market’s 9:30 a.m. open in New York, where volume tends to be light.
U.S. markets are open for a normal session, with the New York Stock Exchange set to open at 9:30 a.m. and close at 4 p.m. EDT. Trading in T1 hit 18.2 million shares on Friday, according to company stock data.
T1 pushes for bigger share authorization as annual meeting nears: T1’s new proxy filing asks investors to back a boost in authorized common shares, from 500 million to 1 billion. The proposal goes to shareholders at the June 17 meeting. If it passes, the board could issue more stock.
The company said the extra shares could be put toward things like acquisitions, raising capital, warrants, dividends or employee plans. It also flagged that more issuances may cut earnings per share and dilute current holders’ voting power. Dilution happens when issuing new shares reduces the ownership of existing investors.
T1 is still working to line up financing for the 2.1-gigawatt first phase of its G2_Austin solar cell project. That vote comes as the company says construction for the planned U.S. factory is on track. T1’s target for first cell output hasn’t changed—it still says it wants to start making cells in the fourth quarter of 2026. Gigawatt here measures how much solar the new plant would be able to make.
T1 CEO Dan Barcelo said in the quarterly update the company made “excellent progress” running G1_Dallas at a profit, with funding and construction underway at G2_Austin, and is setting up as a U.S. integrated solar supplier. Barcelo said T1 is focusing on “hitting key construction milestones” and getting a financing deal in the second quarter. GlobeNewswire
T1 posted net income from continuing operations of $3.9 million for the first quarter. Adjusted EBITDA came in at $9.1 million. Adjusted EBITDA—earnings before interest, tax, depreciation and amortization, with some items excluded—is a figure companies use to gauge operating results, but it’s not a standard accounting metric.
CFO Evan Calio told analysts on the earnings call that first-quarter gross margin came in at 17%, and said a similar margin would be “reasonable” at the low end of T1’s 2026 production range. The company has cost-plus and fixed-margin contracts—cost-plus deals add a margin to costs, while fixed-margin contracts set a flat profit. The Motley Fool
Analysts are backing the stock, but it’s not all clear sailing. Needham kept its buy call with an $8 target on May 12, according to Benzinga’s analyst-tracking page. BTIG also stayed at buy and bumped its target up to $8 from $7.
U.S.-made solar supply is the main backdrop. First Solar, the bigger U.S.-listed player, showed premarket gains, while Canadian Solar ticked up just a bit, market data showed. T1 is pushing a different angle, aiming to pair module manufacturing at G1_Dallas with plans for solar cell production at G2_Austin later.
Barcelo told analysts solar and storage demand is “quite strong,” with most of it coming from AI and hyperscale data center customers via utility-scale developers. He said T1 doesn’t require a Commerce Department Section 232 decision to finalize contracts. Section 232 is a U.S. trade-security review that can result in tariffs or import restrictions. The Motley Fool
The same factors driving the rally could make the drop worse. T1 needs financing for G2_Austin, counts on policy decisions and non-FEOC solar cells, and is seeking approval to issue more shares. FEOC stands for “foreign entity of concern,” which affects U.S. clean-energy incentive eligibility. If funding costs climb, customer demand falls, or a big share sale happens, Monday’s premarket bounce could disappear fast.
