T1 Energy Inc. (NYSE:TE) shares are trending on Thursday night.
Shares of T1 Energy climbed 11.71% to $6.20 in after-hours trading on Thursday after the company scheduled its second-quarter earnings release for Aug. 12, with investors also looking ahead for updates following the company’s recent 641 MW supply agreement.
Earnings Set For Aug. 12
T1 Energy is set to report its quarterly results on Aug. 12, with a conference call scheduled for 8 a.m. Eastern.
In the last quarter, reported in May, the company performed better than expected.
T1 Energy posted revenue of $177.65 million, beating analyst estimates of $108.06 million by 64.4%.
Earnings per share came in at -$0.08, surpassing the expected -$0.13 by 38.5%.
On Monday, the company also announced a 641 MW solar module supply agreement with integrated clean energy company Clearway Energy Group, using domestically produced cells from its G2_Austin facility.
Trading Metrics, Technical Analysis
T1 Energy has a market capitalization of approximately $1.55 billion. Its stock has traded between a 52-week high of $12.49 and a 52-week low of $1.20.
TE’s Relative Strength Index (RSI) stands at 45.56.
Over the past 12 months, the stock has gained 344% but fallen 29.21% year to date.
The small-cap solar manufacturing company is currently trading at about 39% of its 52-week range, remaining much closer to its 52-week low than its high.
Price Action: TE closed the regular session on Thursday at $5.55, up 1.46%, according to Benzinga Pro data.
With a strong Momentum score in the 97th percentile, Benzinga’s Edge Stock Rankings indicate that TE stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Spyro the Dragon on Shutterstock
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