T1 Energy Inc.
TE, TE-WT · Semiconductors & Related Devices · 279.3M shares · +37%/yr ↑ shares · EDGAR filings ↗
Reference price $8.13 · est. market cap ~$2.3B — last insider sale, 2026-05-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D44Solar-manufacturing company (pivot) with thin margins and weak liquidity, slightly free-cash-flow positive.
Strengths
- Slightly positive free cash flow — FCF $17M (42nd), OCF margin 13%
Risks
- Thin margins, operating loss — gross margin 7% (7th), operating margin -31%
- Weak liquidity — current ratio 1.43 (9th)
- Tax-credit-dependence and execution risk — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -48.7%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +37%/yr over 2y (dilution)
- Strong balance sheetStrong balance sheet — $182M cash & investments
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 5 open-market sale(s) by 1 insider(s) (~$190M, last 6mo) Form 4 ↗
- Revenue declineRevenue -50.5% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
7.4%
Operating margin
-31.1%
Net margin
-48.7%
Return on assets
-26.8%
Revenue growth (QoQ)
-50.5%
Current ratio
1.4×
Free cash flow
$17M
EBITDA
-$141M
Cash & investments
$182M
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | Calio Joseph Evan | Tax withheld | 58K | $9.24 |
| 2026-06-23 | Calio Joseph Evan | Option exercise | 125K | — |
| 2026-06-23 | Bentzen Andreas | Option exercise | 25K | — |
| 2026-06-23 | Bentzen Andreas | Tax withheld | 12K | $9.24 |
| 2026-06-12 | Calio Joseph Evan | Option exercise | 422K | — |
| 2026-06-12 | Calio Joseph Evan | Tax withheld | 196K | $8.50 |
| 2026-05-22 | TRINA SOLAR (SCHWEIZ) AG | Sell | 9.5M | $8.13 |
| 2026-05-22 | TRINA SOLAR (SCHWEIZ) AG | Sell | 20K | $8.80 |
| 2026-05-21 | TRINA SOLAR (SCHWEIZ) AG | Sell | 3.0M | $8.71 |
| 2026-05-21 | TRINA SOLAR (SCHWEIZ) AG | Sell | 8.8M | $8.62 |
| 2026-05-21 | TRINA SOLAR (SCHWEIZ) AG | Sell | 1.2M | $9.20 |
| 2026-04-29 | Calio Joseph Evan | Option exercise | 161K | — |
| 2026-04-29 | Calio Joseph Evan | Tax withheld | 75K | $4.89 |
| 2026-03-30 | Calio Joseph Evan | Tax withheld | 212K | $2.58 |
| 2026-03-30 | Barcelo Daniel | Tax withheld | 135K | $2.58 |
| 2026-03-13 | Calio Joseph Evan | Tax withheld | 211K | $6.68 |
| 2026-03-13 | Barcelo Daniel | Tax withheld | 110K | $6.68 |
| 2026-03-13 | Calio Joseph Evan | Tax withheld | 196K | $1.39 |
| 2026-01-21 | TRINA SOLAR (SCHWEIZ) AG | Grant | 4.3M | $1.70 |
| 2026-01-21 | TRINA SOLAR (SCHWEIZ) AG | Grant | 4.3M | $1.70 |
| 2026-01-20 | Lin Mingxing | Other | 50K | — |
| 2026-01-01 | Calio Joseph Evan | Option exercise | 500K | — |
| 2026-01-01 | Barcelo Daniel | Option exercise | 333K | — |
| 2025-12-30 | TRINA SOLAR (SCHWEIZ) AG | Grant | 3.0M | — |
| 2025-12-23 | Lin Mingxing | Option exercise | 250K | — |
| 2025-12-10 | TRINA SOLAR (SCHWEIZ) AG | Conversion | 17.9M | — |
| 2025-12-01 | Steingart Daniel | Grant | 50K | — |
| 2025-12-01 | Barcelo Daniel | Grant | 200K | — |
| 2025-12-01 | Matrai Balazs Peter | Grant | 50K | — |
| 2025-12-01 | Lin Mingxing | Grant | 50K | — |
| 2025-12-01 | Manners David J. | Grant | 50K | — |
| 2025-12-01 | Slettemoen Tore Ivar | Grant | 50K | — |
| 2025-12-01 | Strine Jessica Wirth | Grant | 50K | — |
| 2025-12-01 | ANDERSON W RICHARD | Grant | 50K | — |
| 2025-10-31 | Encompass Capital Advisors LLC | Grant | 21.5M | — |
| 2025-09-23 | Slettemoen Tore Ivar | Sell | 376K | $1.92 |
| 2025-09-22 | Slettemoen Tore Ivar | Sell | 384K | $1.97 |
| 2025-09-15 | Slettemoen Tore Ivar | Sell | 188K | $1.81 |
| 2025-09-11 | Slettemoen Tore Ivar | Sell | 26K | $1.97 |
| 2025-08-27 | Matrai Balazs Peter | Option exercise | 687K | $1.22 |
| 2025-08-27 | Matrai Balazs Peter | Tax withheld | 531K | $1.58 |
| 2025-06-13 | Calio Joseph Evan | Option exercise | 422K | — |
| 2025-03-24 | Kilde Einar | Option exercise | 22K | $0.95 |
| 2025-03-24 | Kilde Einar | Disposition | 22K | $0.95 |
| 2025-03-24 | Kilde Einar | Option exercise | 11K | $1.14 |
| 2025-03-24 | Kilde Einar | Disposition | 11K | $1.14 |
| 2025-01-01 | Calio Joseph Evan | Grant | 500K | — |
| 2025-01-01 | Barcelo Daniel | Grant | 333K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-17 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-06-08 | 3.02 | filing ↗ |
| 2026-05-12 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-27 | Exec/director changeExhibits | filing ↗ |
| 2026-04-17 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2026-03-31 | ResultsExec/director changeReg FDExhibits | filing ↗ |
| 2026-02-18 | Material agreementExhibits | filing ↗ |
| 2026-02-06 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-17 | 2026-06-17 | 0001213900-26-069670 ↗ |
| 8-K | 2026-06-08 | 2026-06-02 | 0001213900-26-065997 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001992243-26-000014 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001213900-26-054706 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001213900-26-049667 ↗ |
| 8-K | 2026-04-27 | 2026-04-22 | 0001213900-26-048030 ↗ |
| 8-K | 2026-04-17 | 2026-04-14 | 0001213900-26-045173 ↗ |
| 10-K | 2026-03-31 | 2025-12-31 | 0001992243-26-000007 ↗ |
| 8-K | 2026-03-31 | 2026-03-26 | 0001213900-26-036817 ↗ |
| 8-K | 2026-02-18 | 2026-02-11 | 0001213900-26-017944 ↗ |
| 8-K | 2026-02-06 | 2026-02-05 | 0001213900-26-013301 ↗ |
| 8-K | 2026-01-21 | 2026-01-21 | 0001213900-26-006322 ↗ |