T1 Energy posts much smaller-than-feared quarterly loss
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T1 Energy reported a Q1 loss of $0.08 per share, significantly better than the estimated $0.18 loss, with revenue at $177.65 million. Despite initial gains, shares dipped after the announcement. The company is focusing on financing for its G2_Austin solar cell plant, reducing its funding requirement to $225 million after a $160 million convertible note offering. CEO Dan Barcelo emphasized progress in operational milestones and profitability goals.
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