T1 Energy shares rise as hedge fund moves, short attack draw attention
T1 Energy shares rallied roughly 17% at the open in New York on Wednesday. The move stretched a volatile streak, as the market took in news of a hedge fund buying in while a short seller targets the solar maker’s tax-credit claims. The shares were last at $8.06, according to Google Finance. T1 is looking to show investors it can win in the U.S. solar supply chain as Washington steps up scrutiny of foreign ties in clean-energy manufacturing. The company needs to ramp up its Dallas module plant and get funding for G2_Austin, a solar-cell site in Texas where initial production is slated for the fourth quarter.