I wrote last week how I bet 1m+ on shares on T1 Energy. Today I doubled down on calls because a rando said I didn’t have balls.
You want some DD?
Section 232 ruling coming soon. Tarriffs to be added on polysilicon and derivatives. A 10 cent tarriff will yield an additional 100 million in revenue. Expectations 10-25 cent tarriff added on Chinese or non FEOC compliant solar cells. Majority of solar companies in USA are module builders. They don’t produce their own cells.
T1 Energy is building their own facility where they will produce their own solar cells. There’s not a lot of solar companies that are building their own domestic supply chain. Also they’re already pulling in 200m+ quarter and next year EBITDA if they can execute will be 350-450m range.
Not only that, the KORE acquisition gives them access to BESS designs which will help T1 go bid on datacenter projects. Rather spending years trying to design and build their own BESS, KORE has 50+ years of experience and 1100+ projects for utilities and governments. The acquisition will also capture more upstream value as T1 is going after datacenter AI campuses that need solar energy + battery system (BESS).
This is like Bloom Energy except for solar. Not a lot of companies under 2.5B where they’re building out a domestic supply chain + have a BESS system.