Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Secured a 641-megawatt strategic offtake agreement with Clearway Energy Group, validating demand for high-domestic-content silicon-based TOPCon modules.
Acquired foundational TOPCon intellectual property from Evervolt Green Energy, converting a recurring licensing obligation into a strategic asset to enhance competitive differentiation and eliminate future fees. Progressed construction at the G2_Austin solar cell fab, with production line equipment either in U.S. ports or in transit, targeting first cell production in Q1 2027. Achieved sequential production growth at G1_Dallas, producing 935 megawatts of modules in Q2 and trending toward the high end of full-year 2026 guidance.
Expanded the operational footprint into BESS and data center support markets through the acquisition of KORE Power (rebranded as T1 NRI), adding capital-light, high-margin revenue streams. Advanced monetization pathways for legacy Nordic data center assets, leveraging a 50-megawatt power allowance to attract strategic interest in the region. Anticipate full-year 2026 production and sales to fall near the high end of the 3.1 to 4.2 gigawatt guidance range due to firming demand and stable cell sourcing.
Targeting a comprehensive financing solution centered on a significant debt component to fund the remaining $200 million to $250 million in Phase 1 capital expenditures for G2_Austin. Expect Q3 and Q4 2026 adjusted EBITDA to improve relative to Q2 as delivery volumes ramp in the second half of the year. Projecting integrated production run rates of $375 million to $450 million for G2 Phase 1, increasing to $650 million to $700 million once 5 gigawatts of capacity is matched.
Planning to leverage the Section 232 framework to access tariff offsets contingent upon domestic manufacturing progress at the Rockdale facility. Section 232 proclamation introduces minimum import prices and tariffs, which management believes aligns perfectly with T1's domestic polysilicon supply chain strategy. Q2 adjusted EBITDA included a $24 million nonrecurring IEEPA tariff refund received after the quarter's end.
SG&A expenses increased significantly in Q2 due to event-driven costs, including legal fees for litigation, advisory fees for comprehensive financing, and organizational scaling. Executed a $120 million private placement of convertible notes in July to serve as a liquidity bridge while finalizing long-term debt financing. Nvidia-level potential. 30M+ investors trust Moby to find it first.
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