NYSE:TEElectrical
A Look At T1 Energy’s Valuation As It Upsizes US$160 Million Convertible Notes For G2_Austin Expansion
T1 Energy (TE) has just priced and upsized a US$160 million offering of 4% convertible senior notes due 2031 to fund construction and production development at its G2_Austin solar cell facility.
See our latest analysis for T1 Energy.
The upsized convertible notes come after a sharp 42.0% decline in the 90-day share price return and a 32.53% fall in the year-to-date share price return, despite a very large 1-year total shareholder return of about 4x. This suggests sentiment has cooled recently...