T1 Energy gains as solar cell facility construction begins

T1 Energy

17/12/2025 11:31

** Shares of U.S. solar company T1 Energy TE.N up ~4% to $5.65 premarket

** Company starts construction of G2_Austin solar cell facility, an anticipated $400 to $425 million investment in advanced U.S. manufacturing

** TE adds that the first stage of the facility is expected to have an annual capacity of 2.1 gigawatt (GW) of high-efficiency TOPCon solar cells, and start producing cells by the end of 2026

** The second phase of G2 is expected to be 3.2 GW and could be expanded if demand for cells increases

** "G2_Austin is a centerpiece of our strategy to build an integrated U.S. polysilicon solar supply chain," - CEO Dan Barcelo

** As of last close, TE up ~111% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))