On June 30, T1 Energy rose 8.71% in regular trading, trading at $8.9599/share, with turnover of $162 million. The rally was driven by the anticipated closing of its $32 million acquisition of Kore Power, expected to complete in the second quarter.

The acquisition will give T1 Energy entry into the energy storage and AI data center infrastructure market through Kore's NRI division, which focuses on utility-scale battery energy storage systems. The company plans to rebrand Kore Power as T1 NRI after closing. The transaction also includes a potential additional $9.6 million equity-based earn-out tied to performance over the next two years. The deal has secured majority support from Kore Power shareholders.

Additionally, T1 Energy's Q1 net loss of $0.08 per share significantly outperformed market expectations of a $0.17 loss, signaling continued fundamental improvement and reinforcing investor confidence.

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