On May 23, T1 Energy fell 8.6% in regular trading, trading at $7.97/share, with trading volume of approximately $350 million.

On the news front, the stock faced dual headwinds from unresolved short-seller allegations and heavy profit-taking pressure following a steep multi-day rally. Short-selling firm Fuzzy Panda Research previously published a negative report claiming that 99.9% of T1 Energy's first-quarter revenue came from Chinese solar company Trina Solar, rather than the AI data center clients the company has promoted. The report labeled T1 Energy a \"Chinese scam.\" As of this session, the company has not issued a formal response to these accusations, leaving investor concerns about its true customer structure unaddressed.

The stock had surged over 50% cumulatively in the preceding trading sessions, driven by Q1 earnings that beat expectations and a major position disclosure by AI-focused hedge fund Situational Awareness LP. The sharp prior gains intensified technical correction pressure, which combined with the lingering credibility overhang from the short report to weigh heavily on the stock.

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