T1 Energy sells $160 million tax credits, shares rise

T1 Energy

30/12/2025 11:34

** Shares of  U.S. solar company T1 Energy TE.N rise 6.5% at $6.84 premarket

** The company says it has completed a $160 million sale of Section 45X production tax credits (PTC) to an investment-grade buyer

** Sale covers $160 million in verified PTC through December 2025, with a true-up planned for February 2026

** Citigroup Global Markets acted as financial advisor T1 Energy

** Up to last close, shares up 148.8% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))