Key Highlights
- Between May 21–22, 2026, Trina Solar (Schweiz) AG liquidated 22.5 million shares of T1 Energy (TE), totaling approximately $190.3M in value
- Following these transactions, Trina Solar maintains ownership of 30.65 million TE shares, retaining its status as a 10% stakeholder
- Over the past 12 months, TE stock has skyrocketed approximately 895%, with recent trading activity near the 52-week peak of $10.80
- The company exceeded Q4 EBITDA projections with roughly $9M against analyst forecasts of -$11M
- Fuzzy Panda Research published a short report claiming FEOC compliance issues, which Roth Capital firmly disputed
T1 Energy Inc. (TE) has captured market attention following a substantial share sale by one of its largest stakeholders during a two-day period.
Over May 21–22, 2026, Trina Solar (Schweiz) AG, which maintains a 10% ownership stake in T1 Energy, executed the sale of 22,500,000 shares. The combined transaction value reached roughly $190.3 million.
Share prices during the sale ranged from $7.74 to $9.43 across numerous individual transactions. The first day saw Trina Solar divest more than 13 million shares through three distinct trades.
The following day brought another 9.5 million shares to market, with execution prices between $7.74 and $8.80 per share.
Even after this substantial divestiture, Trina Solar (Schweiz) AG continues to hold 30,652,664 shares of T1 Energy through direct ownership. The entity maintains its position as a major 10% stakeholder in the enterprise.
Current Market Performance
At the time of regulatory filing, TE shares were changing hands around $10.45, hovering close to the 52-week peak of $10.80. The equity has delivered an impressive gain of approximately 895% during the trailing one-year period — a performance that has attracted considerable attention.
This upward trajectory has persisted despite criticism from Fuzzy Panda Research, which published allegations that T1 Energy failed to meet regulatory requirements associated with Foreign Entity of Concern (FEOC) designation. The research report additionally questioned certain accounting practices.
Roth Capital issued a strong rebuttal to these assertions. The investment firm publicly dismissed the short seller’s allegations, maintaining that T1 Energy operates in full FEOC compliance, demonstrates financial transparency, and supports U.S. domestic manufacturing objectives.
Following the short report’s release, TE stock has experienced elevated call option volume and bullish derivatives activity, indicating market skepticism toward the bearish narrative.
Financial Performance and Wall Street Perspective
T1 Energy delivered fourth-quarter EBITDA of roughly $9 million. Wall Street analysts had projected negative $11 million. This significant outperformance stemmed from revenue exceeding expectations and an improved product mix.
The organization also completed pricing for a $160 million convertible notes offering, representing an increase from the initial $125 million proposal. Net proceeds are projected to reach approximately $151.6 million, designated for infrastructure expansion and equipment acquisition at the company’s solar cell production facility.
Regarding analyst coverage, BTIG elevated its price target to $8.00 while maintaining a Buy recommendation. Conversely, Needham reduced its target from $10.00 to $8.00, referencing anticipated lower volume forecasts.
T1 Energy — previously operating as FREYR Battery, Inc. — functions within the solar and renewable energy sector. The company’s expansion of U.S.-based manufacturing capabilities forms the foundation of the optimistic long-term outlook held by multiple analysts.
The stock currently trades above its primary moving averages with positive MACD indicators, though momentum metrics are nearing overbought levels.
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