BUZZ-T1 Energy falls after Culper Research says it is short on co

Reuters01-22
BUZZ-<a href="https://laohu8.com/S/TE">T1 Energy</a> falls after Culper Research says it is short on co

** Shares of U.S. solar company T1 Energy TE.N fall 13.3% to $7.2 after short-seller Culper Research says it is short on TE

** TE was recently sued by RWE Clean Energy, its only customer for offtake agreements apart from Trina Solar, alleging that TE "misrepresented its customer base, failed to provide, module audits, failed to deliver compliant modules and breached confidentiality provisions"

** Culper Research says this suit not only exposes TE's misrepresentations regarding its now-lost customer, but undermines its entire initiative to manufacture clean energy products in U.S.

** Adds that TE did not have viable strategy to meet requirements for 45X tax credits in 2026

** TE stock gained over 145% in 2025

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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