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T1 Energy

TE
20
Electrical Equipment & Parts · Industrials
Price
$4.42
+0.06 (+1.38%)
Market Cap
$1.23B
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+54.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 112.7M (2021) → 173.6M (2025)

Winston Score History

The full picture

T1 Energy Inc. is a solar energy company that builds and installs solar power systems, primarily for commercial and industrial customers in the United States. The company focuses on helping businesses reduce their electricity costs by generating their own power from the sun. It operates in the fast-growing clean energy sector, where demand is being pushed by both rising utility prices and government incentives for renewable energy.

T1 Energy makes money by selling and installing solar equipment, earning revenue on each project it completes rather than through recurring subscriptions. The company is still relatively early in its growth phase, which explains why it is currently losing money — its operating costs exceed what it brings in from sales. With a gross margin of just 7.6%, there is little room for error, and the main risk is that project costs, supply chain pressures, or slower-than-expected customer demand could make it difficult to reach profitability before the company needs to raise additional capital.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+88.4% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

-23.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

30.3%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~2 months

$79M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

T1 Energy is growing revenue at 88% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
19.6%
Thin — 19.6% gross margin
Profit after running costs
Operating Margin
-9.1%
Losing money on operations — -9.1%
Return on the money invested
ROCE
-19.1%
Weak — -19.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+427.0%
Fast-growing sales (+427.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-18.5%
Burning cash (-18.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
3.48
Heavy debt load (3.48)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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