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TE

T1 Energy Inc

TE

T1 Energy Inc • NYSE
$4.12 ▲ 7.29% (+0.28)
Market Cap $633.10 M
52w High $5.31
52w Low $0.92
Dividend Yield 0%
P/E -3.12
Volume 7.83M
Outstanding Shares 153.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $90.385M ▲ $115.871M ▲ $-130.559M ▼ -144.448% ▼ $-0.87 ▼ $-69.453M ▼
Q2-2025 $66.465M ▲ $61.972M ▲ $-32.8M ▼ -49.349% ▼ $-0.21 ▼ $-861.999K ▲
Q1-2025 $64.647M ▲ $52.587M ▲ $-16.239M ▲ -25.119% ▲ $-0.11 ▲ $-8.933M ▲
Q4-2024 $2.942M ▲ $27.25M ▲ $-367.147M ▼ -12.48K% ▼ $-2.59 ▼ $-42.19M ▼
Q3-2024 $0 $24.131M $-27.475M 0% $-0.2 $-24.556M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $34.146M ▲ $1.396B ▼ $1.24B ▲ $155.658M ▼
Q2-2025 $8.451M ▼ $1.414B ▼ $1.18B ▼ $234.063M ▼
Q1-2025 $48.881M ▼ $1.432B ▲ $1.181B ▲ $251.205M ▲
Q4-2024 $72.641M ▼ $1.336B ▲ $1.099B ▲ $237.137M ▼
Q3-2024 $184.053M $614.985M $76.295M $538.69M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-130.559M ▼ $63.858M ▲ $-8.874M ▲ $-14.92M ▼ $40.07M ▲ $54.984M ▲
Q2-2025 $-31.909M ▼ $33.431M ▲ $-22.802M ▼ $-14.874M ▼ $-4.427M ▲ $10.629M ▲
Q1-2025 $-16.239M ▲ $-44.814M ▼ $22.061M ▲ $-3.76M ▼ $-25.554M ▲ $-73.955M ▼
Q4-2024 $-367.147M ▼ $-30.242M ▼ $-125.783M ▼ $50M ▲ $-107.408M ▼ $-46.389M ▼
Q3-2024 $-27.877M $-28.374M $-5.584M $-4.13M $-37.484M $-33.958M

Revenue by Products

Product Q4-2015Q1-2016Q2-2016Q3-2016
External Customer
External Customer
 $680.00M ▲$660.00M ▼$650.00M ▼$730.00M ▲

Five-Year Company Overview

Income Statement

Income Statement T1 Energy is still in a pre‑revenue phase – it has reported essentially no sales for several years while steadily recording losses. Most costs are going into building and running the business before commercial scale is reached, so operating and net losses are expected at this stage. The most recent year shows a noticeably larger net loss than prior years, suggesting a step‑up in spending, likely tied to expansion and repositioning. Overall, the income statement reflects a company firmly in build‑out mode rather than one focused on near‑term profitability.

Balance Sheet

Balance Sheet The balance sheet shows that T1 Energy has been building up its asset base quickly, likely in the form of facilities, equipment, and related project spending. Cash has declined from earlier levels, while debt has risen sharply very recently, indicating a shift toward funding growth with borrowings rather than just equity. Shareholders’ equity has been trending down as losses accumulate, which is common in early, capital‑intensive buildouts but reduces the financial cushion. In simple terms, the company is asset‑rich relative to its history, but relying more on borrowed money and with a thinner equity buffer than before.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, reflecting ongoing spending without revenue to offset it. Free cash flow is even more negative because of heavy investment in facilities and equipment, especially in the last few years as the U.S. manufacturing strategy has ramped up. This pattern is typical for an infrastructure‑heavy growth plan, but it means the company depends on external funding—debt, equity, or partners—to sustain and complete its projects. The key risk is whether future operating cash inflows will arrive in time and at sufficient scale to support the investment already made.

Competitive Edge

Competitive Edge T1 Energy is positioning itself as a U.S.‑based, vertically integrated solar manufacturer at a time when policy, regulation, and customer preference are all increasingly favoring domestic supply. Its focus on advanced TOPCon cell technology, integration from wafers through modules, and a strategic Texas footprint give it a differentiated story versus import‑reliant peers. Partnerships like the one with Corning help secure critical materials domestically and could enhance reliability for customers worried about trade disruptions. However, the company faces intense global competition from established, often lower‑cost Asian manufacturers, and its advantage will depend on executing at scale while keeping costs under control.

Innovation and R&D

Innovation and R&D Innovation at T1 Energy is centered on high‑efficiency TOPCon solar cells, automated and scalable manufacturing lines, and a fully domestic supply chain from polysilicon to final modules. The planned expansion to a new solar cell fab and investments like the Talon PV stake show a strategy of building a broader U.S. technology ecosystem rather than just a single plant. The company’s legacy in batteries and stated “solar plus storage” ambition suggest future product integration, though the current focus appears more heavily weighted toward solar manufacturing. Overall, R&D and engineering are being used as levers to boost efficiency, qualify for policy incentives, and create longer‑term differentiation, but they also add execution and technology‑transition risk if timelines slip or performance falls short of expectations.

Summary

T1 Energy is in a classic early‑stage, capital‑intensive buildout: no revenue yet, rising losses, and significant investment in assets and manufacturing capacity. The financials show a company trading near‑term profitability and cash comfort for the chance to establish a large, U.S.‑based solar manufacturing platform. Policy support, “Made in America” positioning, and advanced technology provide meaningful strategic tailwinds, but they are balanced by funding needs, execution risk on large projects, and stiff global competition. The long‑term outcome will largely hinge on successfully ramping its new facilities, controlling costs, and converting its technological and policy advantages into sustainable, profitable demand.

NEWS

November 21, 2025 · 6:01 AM UTC

T1 Energy CEO Discusses Energy Dominance with Vice President JD Vance

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November 17, 2025 · 12:00 PM UTC

Technip Energies Announces End of Share Buy-Back Program

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November 14, 2025 · 6:00 AM UTC

T1 Energy Reports Third Quarter 2025 Results

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November 5, 2025 · 6:47 AM UTC

T1 Energy Reschedules Third Quarter 2025 Earnings Release and Conference Call

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October 29, 2025 · 6:00 AM UTC

T1 Energy Announces Third Quarter 2025 Earnings Release and Conference Call Schedule

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