T1 Energy (TE) Soars 17% on Tax Credit Compliance Efforts

We recently published 10 Stocks Powering Into 2026 With Explosive Gains. T1 Energy Inc. (NYSE:TE) is one of the top performers on Friday.

T1 Energy kicked off the first trading day of the year rallying to a new record high, as investors took heart from its compliance efforts to continue receiving clean energy tax credits from the government.

At intra-day trading, T1 Energy Inc. (NYSE:TE) soared to its highest price of $8.12—an over two-year high—before trimming gains to finish the session just up by 17.37 percent at $7.84 apiece.

T1 Energy

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

This followed announcements last week that it repaid some of its existing debt to Trina Solar, a Chinese firm, which lowered the latter’s foreign ownership in T1 Energy Inc. (NYSE:TE) or below the One Big Beautiful Bill Act’s (OBBBA) set threshold. The two firms also entered into an agreement that removed Trina Solar’s previous right to appoint a covered officer.

Signed into law last July, the OBBBA restricts companies with excessive foreign ownership to receive 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 to its foreign ownership as part of its compliance efforts.

While we acknowledge the risk and potential of TE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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