T1 Energy (TE) Rockets 15% on 2026 Tax Credits

We recently published 10 Stocks Already Shocking 2026 With Massive Gains. T1 Energy Inc. (NYSE:TE) was one of the top performers last week.

T1 Energy grew its share prices by 15.29 percent week-on-week to hit a two-year high, as investors cheered its compliance efforts to retain its tax credit qualification in 2026.

In a statement, T1 Energy Inc. (NYSE:TE) said that it repaid some of its existing debt to Trina Solar—a Chinese firm—allowing the reduction of the latter’s ownership into a level that falls within the One Big Beautiful Bill Act’s threshold.

A production line equipment assembling solar modules. Photo from T1 Energy

T1 Energy Inc. (NYSE:TE) and Trina Solar also entered into an agreement that removed the latter’s previous right to appoint a covered officer.

Signed into law last July, the OBBBA restricts companies with excessive foreign ownership from receiving 45X tax credits, particularly those tied to what the US identified as “prohibited foreign entities” such as those from China, North Korea, Russia, and Iran.

Additionally, tax credits received by the eligible companies are not allowed to be sold or transferred to PFEs.

T1 Energy Inc. (NYSE:TE) said that it also amended its certificate of incorporation to impose limits on its foreign ownership as part of its compliance efforts.

Headquartered in Austin, Texas, the listed firm engages in the development of domestic solar and battery supply chains in the US. It owns and operates one of the world’s modern solar module plants in Wilmer.

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Disclosure: None. This article is originally published at Insider Monkey.