New York, May 24, 2026, 11:02 (EDT)
T1 Energy Inc. goes into the long U.S. market holiday as a loud mover among solar stocks on the New York Stock Exchange. Shares ended Friday at $8.08 after falling 7.34% in the session, but they’re still up 42.5% since last Friday’s close. Most of that came Wednesday, when the stock jumped 26.45%.
No regular U.S. cash-equity trading until Tuesday, with NYSE marking Memorial Day, Monday May 25, as a holiday in 2026. The main session ended Friday at 4 p.m. Eastern.
Stocks closed up Friday. The Dow finished at a record and the S&P 500 posted its eighth weekly gain in a row. Investors found support in signs of Middle East peace and earnings. But the broader tape does not answer the T1 question.
Fuzzy Panda Research came out with a short call on T1, saying it’s short the stock and claiming T1 is “NOT an AI play” but a “China Hustle.” The short seller said connections to Trina Solar and Evervolt could put T1’s U.S. clean-energy credits at risk. Fuzzy Panda Research
Roth Capital’s Philip Shen wasn’t having it. According to PV magazine USA, Shen’s note on May 19 was called “Another Misleading Short Report; Buy the Dip,” where he called the report “misleading and/or false.” Roth said Evervolt’s buy of Trina’s U.S. intellectual property was real, and that the way it handled tax-credit accounting was standard after eligibility looked assured. pv magazine USA
T1 posted its latest numbers with May 12 earnings. The company said initial production at its G2_Austin solar cell facility is still set for the fourth quarter of 2026. CEO Dan Barcelo listed “operate profitably at G1_Dallas” and “fund and build G2_Austin” as key priorities. T1’s net income from continuing operations reached $3.9 million, but a net loss to common stockholders was $21.4 million. T1 Energy Inc.
But the downside risk is there. T1’s latest quarterly filing said that one customer made up almost 100% of net sales for the first quarter, with PV module sales and supply deals involving Trina Solar and its affiliates disclosed as related-party transactions. The same filing noted T1 is working with DOJ subpoenas and an SEC document request about stock sales by an executive and board member last year.
Read-through across the sector is muted. First Solar shares traded last week with the same solar-demand setup, but most of the focus for T1 was on its G1_Dallas production forecast, funding for G2_Austin, and the disagreement around tax-credit eligibility—demand for panels was not the main story.
Week ahead looks set to hinge on price, not talk. If buyers keep the stock above Friday’s close as trading picks up after the break, there’s room for the squeeze crowd. If it drops back to the old range, the market’s take is that Roth’s defense hasn’t cleared up anything.
Evidence remains the big swing factor. T1 has to show construction milestones, real financing steps and a better mix of customers before this wild trade can shift into a more stable equity story.
