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Stock impact report

T1 Energy (TE) Soars 17% on Tax Credit Compliance Efforts [Yahoo! Finance]

T1 Energy Inc. (TE) 
US:NYSE Investor Relations: tecoenergy.com/news
Company Research Source: Yahoo! Finance
T1 Energy kicked off the first trading day of the year rallying to a new record high, as investors took heart from its compliance efforts to continue receiving clean energy tax credits from the government. At intra-day trading, T1 Energy Inc. (NYSE:TE) soared to its highest price of $8.12—an over two-year high—before trimming gains to finish the session just up by 17.37 percent at $7.84 apiece. A production line equipment assembling solar modules. Photo from T1 Energy This followed announcements last week that it repaid some of its existing debt to Trina Solar, a Chinese firm, which lowered the latter's foreign ownership in T1 Energy Inc. (NYSE:TE) or below the One Big Beautiful Bill Act's (OBBBA) set threshold. The two firms also entered into an agreement that removed Trina Solar's previous right to appoint a covered officer. Signed into law last July, the OBBBA restricts companies with excessive foreign ownership to receive 45X tax credits, particularly those tied to what t Show less Read more
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