Trina Solar Faces Short-Seller Heat Over Tax Credits, T1 Energy Stock Drops
T1 Energy Inc. shares tumbled Wednesday, off 7.98% to around $7.79, after Fuzzy Panda Research posted a short report that said the company purchased over $65 million in Q1 solar cells from Trina Solar. The question for investors has centered on whether T1’s Texas solar plant can really pull in U.S. tax credits and help build out a bigger U.S. supply chain. This time, Fuzzy Panda said it had invoices—actual documents—rather than just giving an opinion. The stock started the session at $8.36 after finishing Tuesday at $8.46. Shares traded in a wide range from $7.64 to $8.76 on volume above 20 million in Webull’s midday snapshot. The move comes just a week after the company was out selling investors on expanding into battery energy storage systems and data-center infrastructure.