NEW YORK, June 2, 2026, 15:01 (EDT)
T1 Energy Inc. shares rose as much as 12.5% in New York on Tuesday afternoon, climbing to $12.18 before settling back to $11.71. Buyers kept up momentum in the solar manufacturer’s shares after the stock notched a 52-week high at $11.47 earlier in the session, according to Investing.com. Later prices showed an even higher peak.
T1 is getting attention now because it’s no longer just a solar-module play. Recent talk in the market links the company to demand from AI data centers. That’s brought new flows into power, grid and US manufacturing stocks. Quiver Quantitative said Monday that investors are focused on how T1 fits into power and connectivity for AI data centers. The firm also flagged bullish options trading in the name.
T1 shares pushed higher after first-quarter numbers gave bulls more reason to buy. The company posted net sales of $177.6 million, net income from continuing operations of $3.9 million, and said adjusted EBITDA was $9.1 million. Adjusted EBITDA, as defined by T1, leaves out interest, taxes, depreciation and some other expenses. CEO Dan Barcelo said T1 is working on “hitting key construction milestones” and lining up future sales. GlobeNewswire
T1 wants to prove it can shift from a traded manufacturing story to a funded industrial project. The company said it finished an upsized convertible senior notes sale—debt that could become stock—and is aiming for a wider financing package for the first 2.1-gigawatt phase of its G2_Austin solar-cell plant. One gigawatt equals a billion watts of generation capacity.
Solar stocks held up too, but T1 outpaced them. First Solar added about 2.2%. Canadian Solar jumped around 11.5%. The S&P 500 ETF and Nasdaq 100 ETF each rose under 0.2%. That kept T1 way out in front of the main indexes.
Institutional interest also was a factor. A May 13F filing, giving a look at U.S. holdings by big money managers, disclosed that Situational Awareness LP owned 10 million T1 shares valued at $43.9 million as of March 31. The form doesn’t indicate if the fund currently holds the stake.
The stock has shot past some recent analyst targets. Quiver flagged $8 price targets from Needham’s Sean Milligan and BTIG’s Gregory Lewis, plus an $8.50 target from Jake Sekelsky at Alliance Global Partners. That doesn’t mean those analysts are bearish. It just means the stock price has moved past where they last set targets.
The short sellers are not done. Fuzzy Panda Research claims T1 could run afoul of Foreign Entity of Concern rules, which affect clean-energy tax credits when a company faces too much restricted foreign input. But Roth Capital’s Philip Shen disagreed, telling pv magazine USA the report was “misleading and/or false.” pv magazine USA
Risks aren’t limited to talk. In its quarterly filing, T1 said one customer made up nearly all of first-quarter net sales and trade receivables. Its modules are produced at just one U.S. plant. The filing also put the first phase cost of G2_Austin between $400 million and $425 million. The company said available financing could affect when or if those plans move forward.
The stock doesn’t have much room. If T1 gets the planned financing done, holds to the G2_Austin schedule, and turns policy-driven demand into actual contracts, the rally has more support. But if financing falters, tax-credit hopes fade, or the AI-power angle loses steam, Tuesday’s buying might just be a short squeeze, not a re-rating.
