T1 Energy Inc. (NYSE:TE) shares are trading lower on Wednesday after the company reported mixed second-quarter results.
The company reported a loss per share of 14 cents, wider than the analysts’ estimate of 11 cents, while revenue of $250.1 million exceeded the consensus of $203.2 million.
T1 Energy reported G1_Dallas module production of 935 MW, a $36.9 million net loss from continuing operations and $10.7 million in Adjusted EBITDA. The quarterly results benefited from a $24.4 million pre-tax tariff refund.
As of June 30, T1 had $156.4 million in cash, cash equivalents and restricted cash, including $79.1 million of unrestricted cash.
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