T1 Energy Inc. (NYSE:TE) stock surged more than 13% on Monday after the company announced a strategic solar module supply agreement with Clearway Energy Group.
T1 Energy, Clearway Sign 641 MW U.S.-Made Solar Module Supply Deal
T1 Energy said Monday it signed a strategic agreement to supply Clearway Energy Group with 641 megawatts of solar modules made using domestic solar cells from its G2_Austin facility.
The deal supports T1’s push to build a traceable U.S. solar supply chain as demand for domestically produced solar components rises amid trade and tariff uncertainty.
The company expects its first 2.1-gigawatt solar cell production phase to begin operating in the first quarter of 2027 and plans to offer modules with more than 60% domestic content that year.
Technical Picture Remains Mixed
Despite Monday’s jump, the stock remains well below its major moving averages, indicating the broader trend is still under pressure. Shares trade about 18% below the 20-day simple moving average and more than 40% below the 50-day average.
Momentum indicators also remain cautious, suggesting the stock needs sustained buying interest to confirm a longer-term recovery. A key support level remains near $4.50.
T1 Energy Earnings And Analyst Outlook
T1 is expected to report quarterly results on Aug. 19. Analysts expect a loss of 9 cents per share on revenue of $185.4 million, compared with a loss of 20 cents per share and revenue of $132.8 million a year earlier.
The stock carries a consensus Buy rating with an average analyst price forecast of $10. Recent analyst moves include:
- Northland Capital Markets: Initiated with Outperform (Forecast $16.00) (June 3)
- Needham: Buy (Lowers forecast to $7.00) (July 28)
- Bernstein: Initiated with Market Perform (Forecast $9.00) (June 17)
Top ETF Exposure
- Invesco Solar ETF (NYSE:TAN): 3.45% Weight
- First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC): 1.48% Weight
- State Street SPDR S&P Kensho Clean Power ETF (NYSE:CNRG): 2.99% Weight
Significance: Because TE carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
T1 Energy Price Action
TE Stock Price Activity: T1 Energy shares were up 13.43% at $4.733 at the time of publication on Monday, according to Benzinga Pro data.
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