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Director Tore Ivar Slettemoen of T1 Energy Inc. (EXCHANGE:TE), a $278 million market cap energy company, sold shares of common stock in two transactions, totaling $392,484. The sales occurred on September 11 and September 15, 2025, with prices ranging from $1.81 to $1.97. According to InvestingPro analysis, the stock appears undervalued at its current price of $1.78.
On September 11, Slettemoen sold 26,114 shares at $1.97 per share. Then, on September 15, Slettemoen sold 188,420 shares at $1.81 per share. The stock has shown significant volatility, with a 73% gain over the past year despite a 31% decline year-to-date.
Following these transactions, Slettemoen indirectly holds 4,865,912 shares of T1 Energy Inc. common stock. These shares are held by Teknovekst UK Ltd, whose sole shareholder is Teknovekst Invest AS. Mr. Slettemoen is the sole owner of Teknovekst AS, which owns 99.9% of Teknovekst Invest.
Michael Stephan, as Attorney-in-Fact, signed the power of attorney on behalf of Slettemoen.
In other recent news, T1 Energy has announced its Q2 2025 earnings, revealing a shortfall in EBITDA expectations. Despite this financial miss, the company has maintained its guidance for the year, signaling confidence in its future performance. T1 Energy has ambitious growth plans, including the development of the G2 Austin solar cell manufacturing facility, which underscores its commitment to expanding production capabilities. Additionally, the company is focusing on securing strategic partnerships to strengthen its position in the domestic solar and storage sectors.
In a separate development, T1 Energy has appointed Jaime Eduardo Gualy as the new chief operating officer, effective August 15. Mr. Gualy previously served as the executive vice president of corporate development at T1 Energy since January. His appointment was formalized with an amendment to his employment offer letter. These recent developments indicate T1 Energy’s strategic efforts to bolster its leadership team and operational capacity.
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