T1 Energy is trading 19.1% down at $3.87 after releasing preliminary second quarter 2026 results that reported an adjusted EBITDA loss and significant setbacks for its primary solar project.
- The company has delayed first production at its key G2_Austin solar cell facility to the first quarter of 2027 and raised Phase 1 capex guidance by 20% to approximately $510 million.
- Investors are reacting to the combination of higher spending and execution delays, which exacerbate existing margin and cash flow concerns amid a weak broader energy sector.