KORE

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $T1 Energy(TE.US) T1 Energy Previews Q2 Results, Raises Austin Plant Capex to $𝟱𝟭𝟬 𝗠𝗶𝗹𝗹𝗶𝗼𝗻

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗧𝟭 𝗘𝗻𝗲𝗿𝗴𝘆 expects a Q2 net loss of $𝟯𝟰–$𝟯𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Q2 sales are projected at approximately $𝟮𝟰𝟱–$𝟮𝟱𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Solar module sales volumes reached approximately 𝟴𝟯𝟱 𝗠𝗪.

➤ Phase 1 Austin solar cell facility capex increased to $𝟱𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ First Austin solar cell production delayed to 𝗤𝟭 𝟮𝟬𝟮𝟳.

➤ T1 acquired Evervolt solar patents and IP for $𝟭𝟯𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Company completed the acquisition of 𝗞𝗢𝗥𝗘 𝗣𝗼𝘄𝗲𝗿, launching the 𝗧𝟭 𝗡𝗥𝗜 brand.

➤ T1 monetized $𝟯𝟵.𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 of 2025 Section 45X tax credits.

➤ Unrestricted cash totaled $𝟳𝟵.𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 as of June 30, 2026.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Higher capex and production delay could pressure near-term execution and cash flow.

➤ Evervolt IP and KORE Power acquisition expand T1's clean energy platform.

➤ Stronger second-half production outlook supports the company's 2026 manufacturing targets.