• T1 Energy stock is among today’s weakest performers. Why is TE stock dropping?Q2 Preliminary ResultsT1 Energy expects sales of approximately $245 million-$255 million (versus consensus of $193.5 million), supported by module shipments of around 835 MW.The company projects a net loss from continuing operations of approximately $34 million to $37 million for the quarter. Adjusted EBITDA is expected to range of -$14.5 million and -$11.5 million, excluding around $24.4 million in tariff refunds related to the International Emergency Economic Powers Act (IEEPA).T1 Energy sold its remaining 2025 Section 45X tax credits for $39.1 million at 93 cents per dollar and started discussions to monetize 2026 tax credits.As of June 30, T1 held $156.4 million in cash, cash equivalents, and restricted cash.Project UpdateThe company said the construction at G2_Austin progressed, with steel work 80% complete. T1 raised Phase 1 capex guidance to $510 million from $425 million due to higher labour and material costs, delaying first solar cell production to the first quarter of 2027.T1 expects 2026 G1_Dallas production to reach the upper end of its 3.1 GW-4.2 GW target range, supported by new international cell supplier qualifications.Solar Patents AcquisitionIn a separate release today, the company disclosed the buyout of foundational solar patents, intellectual property, and related assets for total consideration of $135 million. The company will acquire the assets from Singapore-based Evervolt Green Energy Holding.The assets include acquired Tunnel Oxide Passivated Contact (TOPCon) solar cell and module technology, which T1 considers one of the most advanced commercially viable high-efficiency solar technologies.Under the agreement, T1 initially paid $2 million in cash to secure acquisition rights, with the remaining $133 million payable in four installments: $60 million due shortly after closing on July 28, 2026, followed by $25 million on Sept. 30, $30 million on Oct. 15, and $18 million on Oct. 30. T1 plans to fund the first tranche through the issuance of common shares, while future payments may be made in cash, stock, or a combination at the company’s discretion. T1 Energy Earnings Preview: What Analysts ExpectLooking further out, the next major catalyst for the stock arrives with the Aug, 19 (estimated) earnings report.