T1 Energy Gains Premarket With Capital Vote Drawing Attention To Solar Plan
T1 Energy Inc. shares traded at $6.55–$6.56 premarket Monday, up from Friday’s $5.67 close. The company is seeking shareholder approval on June 17 to double authorized shares to 1 billion, citing possible capital needs for its G2_Austin solar cell plant. T1 reported Q1 net income of $3.9 million and adjusted EBITDA of $9.1 million. Needham and BTIG both maintain buy ratings on the stock.