T1 Energy to acquire KORE Power for $32 million
T1 Energy Inc agreed to acquire KORE Power Inc for $32 million to expand into energy storage systems and software. The deal, expected to close in Q2 2026, includes a potential $9.6 million earnout based on fiscal 2026 and 2027 results. The stock, up 614.39% over the past year, was trading higher in the premarket session.
*this image is generated using AI for illustrative purposes only.
T1 Energy Inc shares rose during Monday's premarket session as traders reacted to the company's agreement to acquire KORE Power Inc, a battery energy storage systems and software solutions provider. The deal, valued at an enterprise value of about $32 million, includes equity, cash, and assumed debt. The transaction is expected to close in the second quarter of 2026, after which T1 Energy plans to rebrand KORE Power as T1 NRI.
Acquisition Details
The acquisition targets KORE Power's NRI division, which has deployed approximately 1,100 BESS projects globally. The division focuses on utility-scale storage design, delivery, installation, and operations. T1 Energy has structured the deal with a performance-based upside, featuring a potential equity earnout of up to $9.6 million contingent upon fiscal 2026 and 2027 results.
| Metric | Value |
|---|---|
| Enterprise Value | $32 million |
| Earnout Potential | $9.6 million |
| Expected Close | Q2 2026 |
| BESS Projects Deployed | ~1,100 |
Strategic Expansion
T1 Energy is currently building an integrated U.S. solar supply chain, with photovoltaic solar module manufacturing in Texas and a PV solar cell fab under construction in the state. Its revenue is derived from manufacturing and selling PV solar modules using PERC and TOPCon technologies to utility-scale developers as well as commercial, industrial, and residential customers. The KORE Power acquisition is intended to expand the company's portfolio beyond solar modules into energy storage systems and software, targeting the growing power demands of AI data centers.
Stock Performance
The stock is trading above every major moving average, reflecting a strong longer-term uptrend. Over the past 12 months, T1 Energy stock has risen 614.39%. At $10.05, the shares are trading 16.7% above the 20-day SMA of $8.61, 56.4% above the 50-day SMA of $6.43, and 85.7% above the 200-day SMA of $5.41. The moving-average structure remains stacked, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA.
| Metric | Value |
|---|---|
| Current Price | $10.05 |
| 20-day SMA | $8.61 |
| 50-day SMA | $6.43 |
| 200-day SMA | $5.41 |
| 12-Month Return | 614.39% |
Trading Levels
Technical indicators suggest continued upside pressure, with the MACD above its signal line and a positive histogram. Key resistance is identified at $12.49, representing the 52-week high zone. Key support is situated at $8.61, aligning with the 20-day SMA. T1 Energy shares were up 7.10% at $10.10 during premarket trading on Monday.
How will T1 Energy finance the acquisition and potential earnout payments given the long wait until the deal closes in Q2 2026?
What specific revenue synergies does T1 Energy expect to achieve by combining solar module manufacturing with KORE Power's battery storage capabilities?
Will the integration of KORE Power's software solutions be sufficient to meet the specialized power density requirements of AI data centers?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
