On May 27, T1 Energy rose 8.52% in after-hours trading, trading at $11.34/share, with trading volume of approximately $18.74 million.

On the news front, the rally was driven by continued momentum from hedge fund Situational Awareness LP, managed by former OpenAI researcher Leopold Aschenbrenner, which previously disclosed purchasing over 10 million shares of T1 Energy valued at approximately $43.9 million, making it a core holding. The fund operates under an AI infrastructure first investment framework, positioning T1 Energy as a foundational energy asset supporting AI computing demand. The fund views the companys Norwegian industrial park as a potential future AI data center hub.

Additionally, the companys Q1 earnings significantly exceeded expectations, with EPS loss of $0.08 versus the consensus estimate of $0.17 loss, representing over 50% narrowing in losses. The institutional endorsement signal combined with earnings improvement and the broader AI data center energy demand narrative continued to fuel bullish momentum.

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