CORRECTED-T1 Energy Q4 net loss narrows as sales hit record

Overview

• U.S. solar solutions provider reported record Q4 sales and production at G1_Dallas facility

• Company posted Q4 net loss, but loss narrowed compared to prior year

• T1 began construction on G2_Austin solar cell fab, maintaining 2026 production guidance

Outlook

• T1 Energy maintains 2026 production and sales guidance of 3.1-4.2 GW

• Company has 3 GW of G1_Dallas production contracted for 2026

• T1 maintains integrated G1/G2 annualized Adjusted EBITDA run-rate guidance of $375-450 mln for 2027

Result Drivers

• RECORD PRODUCTION AND SALES - T1 achieved record quarterly module production of 1.13 GW and record net sales of $358.5 mln at G1_Dallas in Q4 2025

• NEW CUSTOMER CONTRACTS - Co added two large utility-scale customers to its merchant sales base during Q4, reflecting increased commercial traction

• SECTION 45X TAX CREDIT SALE - T1 completed its first $160 mln sale of Section 45X production tax credits in December

Company press release: ID:nGNX7p60wD

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

• Wall Street's median 12-month price target for T1 Energy Inc is $10.00, about 77.9% above its March 30 closing price of $5.62

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