T1 Energy shares dim on planned $125 mln convertible offering

T1 Energy

14/04/2026 12:51

** Solar solutions provider T1 Energy's TE.N shares down 9% to $4.65 and on course to snap a 4-session winning streak after planned capital raise news

** Austin, Texas-based TE announces public offering of $125 mln convertible bonds due 2031

** It expects to use net offering proceeds for construction/development of infrastructure relating to Phase 1 of its Austin facility, and for general corporate purposes

** Santander and JP Morgan joint bookrunners

** TE has ~$1.4 bln market cap, based on ~279 mln shares outstanding

** Through Mon close, TE stock down 23.5% YTD following 159% gain in 2025

** On Mar 31, co reported Q4 net loss narrowed to $190 mln from $367.2 mln a yr-ago as net sales hit record $358.5 mln

** 1 analyst rates the stock "strong buy", the other 4 rate "buy"; median PT $8.50, according to LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))