Austin Solar Maker T1 Energy Posts Q3 Results: 1.58 GW in New Orders, Financing Talks Under Way for Second Austin Plant
Austin-based solar manufacturer T1 Energy (NYSE: TE) released its third-quarter 2026 results on November 12 and held a conference call at 8 a.m. Eastern the same day. The company reported a net loss from continuing operations of $34.7 million, or $0.12 per share, with a gross margin of 8.5% and adjusted EBITDA of negative $16.4 million. Its first Dallas plant (G1_Dallas) produced 1,056 megawatts of solar modules in the quarter and built inventory ahead of 2027 deliveries.
Boosted by the Commerce Department's Section 232 announcement, the company signed nearly 1.58 gigawatts of new advanced solar module offtake contracts after the announcement, and more than 3.5 gigawatts of its 2027 capacity is now under contract. On October 22, the company received a Commerce Department exemption allowing it to import up to 1.725 gigawatts of solar cells to keep the Dallas plant running without interruption. Construction continues at the G2_Austin Phase 1 2.1-gigawatt cell plant in Rockdale: the main steel structure was completed in the third quarter, all remaining production-line equipment has been received, and mechanical and electrical installation began in September.
The company said it is in exclusive negotiations with institutional investors to finalize a comprehensive debt financing package for the Austin plant, its top current priority.
Source: GlobeNewswire
Published by GSM · USA (original Chinese edition)
Photo: 图：屋顶光伏板（资料图）。图片来源：Wikimedia Commons，HokuroN 摄，CC BY-SA 4.0。 Image: Rooftop solar panels (file photo). Source: Wikimedia Commons, photo by HokuroN, CC BY-SA 4.0.
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