TE
LONGINSIDER SELL13D FILEDT1 ENERGY INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeT1 Energy delivered strong Q1 2026 revenue growth ($177.7M vs. $53.5M YoY) and record adjusted EBITDA, but Q2 preliminary results show a significant deterioration with negative EBITDA ($11.5M–$14.5M) and substantial net losses ($34M–$37M). The company faces critical regulatory headwinds: DOJ and SEC subpoenas regarding alleged FEOC non-compliance under IRA rules, short-seller allegations of undisclosed Chinese ties through Evervolt/Trina Solar, potential $224M in lost 2026 tax credits, and required accounting restatements for improperly booked Q1 credits.
Red flags
- •DOJ and SEC subpoenas for tax credit compliance and accounting practices
- •Short-seller report (Fuzzy Panda) alleging FEOC non-compliance, undisclosed Trina Solar ties, and $41.4M Q1 accounting restatement exposure
- •Potential loss of $224M in 2026 tax credits if FEOC non-compliant, swinging margins from +6% to -31%
- •Chief Accounting Officer departure in February 2026 with no standard 'no disagreements' 8-K language
- •Q2 adjusted EBITDA guidance turned negative ($11.5M–$14.5M loss) vs. Q1 positive performance, indicating business deterioration
- •G2_Austin production timeline pushed back from late 2026 to Q1 2027
- •Texas Governor calling for state investigation into alleged Chinese ties
- •Total Q2 net loss guidance of $34M–$37M from continuing operations
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Situational Awareness LP | Leopold Aschenbrenner | 10.0M | +10.0M | $44M | 1.1% | — | NEW |
| Point72 | Steve Cohen | 508K | +508K | $2M | <0.1% | — | NEW |
| Soros Fund Management | Soros Family Office | 88K | +88K | $0M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where TE ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #10 of this fund's book
- 7RIOT PLATFORMS INC$142M
- 8CLEANSPARK INC$104M
- 9SOLARIS ENERGY INFRAS INC$62M
- 10T1 ENERGY INC$44M
- 11BITFARMS LTD$39M
- 12BITDEER TECHNOLOGIES GROUP$30M
- 13POWER SOLUTIONS INTL INC$26M
Values are quarter-end position sizes. Shown only for funds where TE ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| TRINA SOLAR (SCHWEIZ) AG | — | SELL | 9.5M | $8.13 | $77.12M | 2026-05-22 | ↗ |
| TRINA SOLAR (SCHWEIZ) AG | — | SELL | 20K | $8.80 | $0.18M | 2026-05-22 | ↗ |
| TRINA SOLAR (SCHWEIZ) AG | — | SELL | 8.8M | $8.62 | $76.30M | 2026-05-21 | ↗ |
| TRINA SOLAR (SCHWEIZ) AG | — | SELL | 1.2M | $9.20 | $10.59M | 2026-05-21 | ↗ |
| TRINA SOLAR (SCHWEIZ) AG | — | SELL | 3.0M | $8.71 | $26.12M | 2026-05-21 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Alussa Energy Sponsor LLC | SC 13D/A | 11.2M | 4.0% | 2026-02-26 | ↗ |
| Morgan Stanley | SC 13G/A | 10.5M | 4.1% | 2026-02-12 | ↗ |
| Trina Solar (Schweiz) AG | SC 13D/A | 53.2M | 19.6% | 2026-01-23 | ↗ |
| Trina Solar (Schweiz) AG | SC 13D/A | 48.9M | 18.4% | 2026-01-06 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.