New York, May 27, 2026, 06:03 EDT
- T1 Energy ended Tuesday’s session at $10.45, up 29.3%. The stock was quoted at $11.23 in premarket trading as of 6:00 a.m. ET Wednesday.
- Trina Solar (Schweiz) AG unloaded 22.5 million shares of T1 on May 21 and May 22, according to a late Tuesday SEC filing. The company now holds an 11.0% stake.
- T1’s rally, the G2_Austin funding plan, and U.S. solar-policy risk are back in the spotlight before the regular NYSE open after the move.
T1 Energy moved up in premarket trading Wednesday, building on a strong rally from Tuesday. The gains came after a filing revealed major shareholder Trina Solar (Schweiz) AG dumped roughly $190 million in stock of the U.S. solar company.
Shares traded at $11.23 in premarket action at 6:00 a.m. ET, gaining 7.5% over Tuesday’s close at $10.45. The stock rallied 29.3% the previous session and touched $10.80, its 52-week high.
T1 shares are moving in premarket trade, ahead of New York’s 9:30 a.m. open. U.S. markets were closed Monday for Memorial Day. Now investors face a big insider-sale filing, while the stock price has jumped lately.
The SEC filing signed May 26 shows Trina Solar (Schweiz) sold 13 million shares on May 21 and another 9.5 million on May 22. Shares sold in several blocks, with weighted average prices from $8.1347 to $9.2011 each. The filing said proceeds went to working capital.
Trina isn’t out. The filing showed it still owns 30.65 million T1 shares, or 11.0% of the company, based on 279.27 million shares outstanding as of May 8. That keeps a big shareholder overhang in place, but the stock took in the reported sale and then traded up.
T1, the company that used to be FREYR Battery, is pushing to become a U.S.-based player in the solar supply chain. Reuters reports that T1 is aiming for a full U.S. supply chain covering solar and batteries. The company has solar module production at its G1 Dallas site in Wilmer, Texas.
T1 put up numbers in the latest quarter that bulls can use. The company reported first-quarter total net sales jumped to $177.6 million from $53.5 million a year ago. Net income from continuing operations was $3.9 million, reversing a loss a year earlier. Adjusted EBITDA came in at $9.1 million.
Chief Executive Dan Barcelo said the company’s focus is to “operate profitably at G1_Dallas” and “fund and build G2_Austin.” The company is aiming to secure a second-quarter financing deal for G2_Austin, which is its planned solar cell plant. That plan comes after boosting a recent convertible-note sale. Convertible notes can be swapped for stock.
T1 kept its 2026 production forecast for G1_Dallas unchanged at 3.1 to 4.2 gigawatts. The company said customer interest in potential G1/G2 long-term offtake deals has already covered over 100% of the expected 2027-2028 capacity. T1 also flagged possible impacts from a U.S. Section 232 national security review of foreign polysilicon and derivative imports.
The market is tangled. Reuters said this month that some installers, banks, and insurers pulled back from China-linked U.S. solar factories as they waited for word on subsidy rules. Sunrun said it played it safe on sourcing, while one developer shifted most sourcing to First Solar to steer clear of China ties. Reuters also noted Canadian Solar appeared in a Sunrun supplier list before.
Solar stocks ticked up ahead of the open, but gains trailed T1. First Solar traded 4.7% higher, Canadian Solar added 0.3%. The SPDR S&P 500 ETF and Invesco QQQ Trust also moved up in early action.
But there are big risks. T1 has to secure funding and keep G2_Austin on track, handle supplier and raw-material risks, and get manufacturing tax credits. The company itself warns about how much capital the business needs and says it might have to raise more cash, maybe on terms it doesn’t like.
Policy isn’t a one-way bet. Keith Martin, an attorney at Norton Rose Fulbright who works on renewable-energy tax deals, told Reuters that uncertainty about subsidies is “holding up financings” for projects in solar and storage. The move early Wednesday could tighten, especially if Treasury guidance lets down, Trina’s stake keeps pressure on, or after-hours buyers back off at the open. Reuters
