T1 Energy Reports Second Quarter 2025 Results

Core Viewpoint - T1 Energy Inc. is experiencing significant growth in domestic solar interest, driven by increased commercial sales, demand from hyperscale AI projects, and advancements in their G2_Austin solar cell project, indicating a timely opportunity to build a domestic solar supply chain [3]. Q2 2025 Results Overview - T1 Energy reported a net loss attributable to common stockholders of $32.8 million, or $0.21 per diluted share, compared to a net loss of $27.0 million, or $0.19 per diluted share for Q2 2024 [9][24]. - The company achieved total net sales of $132.8 million for Q2 2025, with a gross profit of $32.8 million [24]. - Cumulative production at G1_Dallas surpassed 1 GW in Q2 2025, with over 1.2 GW produced during the year [9]. Business Developments - T1 signed a transformative agreement with Corning Incorporated to purchase solar wafers, enhancing its domestic solar supply chain and compliance efforts [9]. - A 437 MW sales agreement was signed with a major U.S. utility, leading to T1 being sold out for 2025 based on a production plan of 2.6 GW [9]. - The G2_Austin project, a $850 million investment for a 5 GW solar cell plant, is on track to start construction in Q3/Q4 2025, with production expected to begin in Q4 2026 [9]. Financial Guidance - T1 maintains its 2025 EBITDA guidance of $25 - $50 million, although risks are skewed to the downside due to uncertainties related to tariffs and supply chain impacts [9]. - The company reported cash, cash equivalents, and restricted cash of $46.7 million as of June 30, 2025 [9]. Strategic Focus - T1 is prioritizing compliance with FEOC regulations to maintain access to Section 45X Production Tax Credits following the passage of the One Big Beautiful Bill [9]. - The company is winding down its legacy European operations while exploring value optimization opportunities for its European portfolio [9].