NEW YORK, May 28, 2026, 07:03 EDT
- T1 Energy dropped in premarket moves. The stock finished Wednesday at $10.96, up 4.88%. It hit a 52-week high of $11.28 during the session.
- Trina Solar (Schweiz) AG sold 22.5 million T1 shares on May 21 and 22, according to a filing published May 26. The company kept 30.65 million shares after the sale, or 11.0%.
- U.S. equity markets opened on schedule for a regular Thursday session; the Nasdaq says standard cash trading runs from 9:30 a.m. to 4 p.m. Eastern.
T1 Energy Inc. shares fell in early premarket trading Thursday, coming off a steep rally after filings revealed former strategic partner Trina Solar reduced its holding in the U.S. solar company.
T1 shares were last at $10.53 before Thursday’s open, off 3.9% from where they finished on Wednesday, Google Finance showed. The stock closed the last session at $10.96, up 4.88% and touching a 52-week high at $11.28.
T1 is trading as a quick bet on U.S. solar, tax breaks and the push for data center power. The stock jumped despite a big holder selling and a short seller questioning if T1 will hold on to major U.S. manufacturing perks.
Trina Solar (Schweiz) AG sold 13 million shares on May 21 and 9.5 million more on May 22, according to a Schedule 13D/A filing. After the sales, Trina kept 30.65 million shares with sole voting and disposal rights, or 11.0% of T1’s outstanding stock.
The shares were sold at prices from $7.74 up to $9.43 each, all under where T1 ended Wednesday. Another Form 4 showed the same lots, including 9,479,904 shares moved on May 22 at an average price of $8.1347.
Trina’s latest filing gives more details to the debate over T1’s China links. The company said Trina used to have a director nomination right through a cooperation deal, but that changed with an amended agreement in December 2025. The Trina-nominated director stepped down on March 30.
T1 is positioning itself as a U.S. solar supply chain firm. On May 12, it said construction at its G2_Austin plant, the 2.1-gigawatt first-phase solar cell factory, is still on track and that it’s sticking with its plan to start cell production in the fourth quarter. One gigawatt measures power capacity, with that scale aimed at industrial, not rooftop, output.
T1 CEO Dan Barcelo said the company is staying focused on running G1_Dallas profitably, getting funding for G2_Austin, and building it out. He called T1 “an integrated, homegrown U.S. solar and storage powerhouse.” Production guidance for G1_Dallas in 2026 remains unchanged at 3.1 GW to 4.2 GW. GlobeNewswire
The business case relies on Section 45X production tax credits, which give a U.S. tax incentive to makers of clean-energy components. It also depends on following foreign entity of concern rules, or FEOC, which can restrict who gets the benefits. FEOC rules are aimed at companies under control of, or connected to, certain foreign governments, with China among them.
Roth Capital Partners analyst Philip Shen dismissed a recent short report, saying T1 is “a model for what the Trump administration may want in a domestic manufacturer that is transferring advanced technology and capacity to the US,” according to Sherwood News. Shen said the selloff after the short call looks like a buying opportunity. Sherwood News
The market is trying to price in a lot right now: getting factories running, how debt will be financed, how tax credits shake out, and what policy will look like. T1 said this month that factors for 2026 include customer demand, a possible Section 232 decision from the U.S. Commerce Department on foreign-sourced polysilicon and derivatives, and questions around IEEPA tariffs set under the emergency economic-powers law.
Solar names have stayed active in this policy trade, though moves are uneven. First Solar gained 1.38% Wednesday. Canadian Solar this month said it started trial runs at its Jeffersonville, Indiana solar cell plant and aims for regular output by July 2026.
