T1 Energy dips after subpoena from US DOJ

T1 Energy

05/12/2025 14:36

** Shares of U.S. solar company T1 Energy TE.N dip 3.3% at $4.94

** Co says it received grand jury subpoenas from the U.S. Department of Justice in November 2025 seeking documents relating to the sale of its stock in the second half of 2023 by an executive of the firm

** Also received a voluntary document request from the U.S. Securities and Exchange Commission seeking similar information

** TE believes that the executive pledged the stocks as collateral against a personal loan, which was approved in accordance with the company's insider trading policy

** TE says it is cooperating with both the DOJ and the SEC

** Including session's moves, TE up 92.6% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))