T1 Energy Announces Acquisition of Trina Solar US Holding and Pro Forma Financials

Summary

T1 Energy Inc. has completed the acquisition of Trina Solar US Holding Inc. and its subsidiaries, reflecting in pro forma financial statements for the year ended December 31, 2024. The acquisition, which closed on December 23, 2024, included cash, stock, and various notes as consideration. The pro forma combined financials reflect the integration of Trina Solar's operations, including adjustments for transaction-related costs and interest expenses. This acquisition is expected to contribute to T1 Energy's growth strategy by enhancing its solar manufacturing capabilities in the U.S.