T1 Energy surges on Corning deal for domestic solar supply chain.

T1 Energy surged 12.7% pre-market Friday after announcing a deal with Corning to establish a fully domestic solar supply chain, connecting polysilicon, wafers, cells, and panels manufactured in the U.S. The agreement will enable T1 to source all its solar panel components from domestic suppliers, supporting the "Made in America" initiative. This move is expected to enhance T1's competitiveness in the solar energy market and contribute to the growth of the domestic solar industry.

T1 Energy (NYSE: TE) stock surged 12.7% premarket on Friday following the announcement of a strategic commercial agreement with Corning (NYSE: GLW) to bolster the U.S. solar supply chain. The partnership aims to vertically integrate American-made polysilicon, wafers, cells, and modules, creating a stable and predictable domestic supply chain. This move supports long-term planning, regulatory compliance, and energy resilience while accelerating U.S. capacity to meet urgent electricity demands and compete in the global AI race.

Under the deal, T1 will source hyper-pure polysilicon and solar wafers from Corning's Michigan campus, starting in the second half of 2026. These wafers will be delivered to T1's under-construction G2_Austin solar cell facility, which will process them into cells for module production at T1's operational G1_Dallas site. The partnership aligns with the broader "Made in America" initiative, enhancing T1's competitiveness in the solar energy market and contributing to the growth of the domestic solar industry.

Corning Vice President AB Ghosh highlighted that the partnership will strengthen the domestic solar industry and support a more energy-independent future. T1 CEO Daniel Barcelo called the deal a "landmark supply chain agreement" to deliver scalable, reliable, low-cost energy, safeguard U.S. energy security, and help create nearly 6,000 American jobs.

The agreement comes as T1 Energy postponed its second-quarter earnings release and call to August 20, 2025, due to reviewing the $11.2 million non-cash amortization of certain customer contracts in the first quarter of 2025 and finalizing disclosures on agreements reported in its August 14 Form 8-K. T1 Energy stock has plunged over 51% year-to-date, failing to achieve profitability and meet its revenue estimates in the last two quarters.

Despite the challenges, the partnership with Corning marks a significant step forward for T1 Energy, positioning it to leverage the growing demand for solar energy solutions and contribute to the U.S. energy independence agenda.

References:
[1] https://finance.yahoo.com/news/t1-energy-strikes-corning-partnership-112806907.html
[2] https://simplywall.st/stocks/us/tech/nyse-glw/corning/news/corning-glw-powers-us-solar-supply-chain-with-t1-energy-part