$FREY (-1,69 %)

Hello my dears,

through the dear @7Trader after my post yesterday.

I was made aware of some important details about T1 (formerly Freyr).

Thank you for this, that's what makes our strong community.

It is very important to me to make you aware of this now.

I will also delete the company presentation next week.

🧭 Were investors "deceived"?

Legally: No. Emotionally/communicatively: Many feel that way.

Why?

• Freyr has communicated very ambitious timetables for years.
• The reality lags massively behind these plans.
• The delays were often communicated late.
• Capital requirements are increasing, although earlier statements suggested otherwise.

This is classic start-up riskbut many investors had perceived Freyr as "almost ready" - and then reality caught up with them.

📉 Why is T1 now "not recommended"?

A T1 rating usually means: high quality, clear visibility, good predictability.

Freyr currently fulfills the opposite:

• No reliable schedules
• High cash burn
• Uncertain financing
• Delayed technology validation
• Political dependency (subsidies)
• Loss of confidence in the market

This makes Freyr is not a top pickbut a highly speculative turnaround case.

💡 What does this mean for investors?

There are three realistic scenarios:

1) Turnaround succeeds

CQP is running, customers are coming, financing is in place. → Share price could multiply.

2) Slow dilution

New capital increases, delays, uncertainty. → Share price remains low or continues to fall.

3) Worst case: project abandonment / insolvency

If financing fails. → Total loss possible.

The market is currently pricing a high risk - and that is rational.

@Max095

Hello my dears,

It has been written here often enough that the USA wants to become independent of China when it comes to raw materials.

But little is written about the fact that it is also striving to achieve this in other technologies, such as battery and solar technology.

That's why I've quickly picked out a company for you this evening that is contributing to this.

I would like to emphasize clearly in this presentation.

Due to its enormous growth, the company certainly offers opportunityn. But you should also keep an eye on the debt and the negative free cash flow. Which is also a risk could be a risk.

I look forward to your assessment and opinions in the comments.

$FREY (-1,69 %)

T1. is a company that manufactures solar products. The company is a provider of clean energy solutions and is building an integrated supply chain for solar modules and batteries in the United States (U.S.). The company owns a five gigawatt (GW) solar module manufacturing facility in Wilmer, Texas. The company is also focusing on expanding its activities in the Americas.

Number of employees: 328

T1 operates one of the world's most advanced solar module manufacturing facilities in G1 Dallas

T1 Energy is advanced American manufacturing. Using state-of-the-art robotics and AI, employees oversee efficient module production. Next up: solar cells from a new facility outside Austin.

T1 is the only U.S. company capable of providing domestic content at scale with industry-leading P and N technologies

The US pioneer for a self-sufficient energy transition

T1 Energy is a pioneer in establishing a purely US-based solar supply chain to massively reduce dependence on Asian imports through domestic production in Texas. By expanding its own cell production and combining photovoltaics with battery storage, the company covers the entire value chain and thus secures higher margins and competitive advantages. The business model is currently benefiting massively from the tax credits of the Inflation Reduction Act, which are accelerating aggressive growth and expansion.

T1 Energy builds integrated US solar platform: Sales jump from USD 2.9 million to USD 408 million

08.01.2026

The energy technology company's decision to relocate its headquarters from Norway to the USA in February 2025 continues to prove to be spot on. A key milestone was the acquisition of Trina Solar's US production facilities in December 2024. Solar capacities are now set to more than double in the second half of 2026. This should further accelerate the immense growth: In Q4 2024, T1 generated its first ever revenue of USD 2.9 million and increased this to USD 210.5 million in Q3 2025.

T1 Energy: Solar meets battery - planned rise to heavyweight of the energy transition by 2030

19.09.2025

The manufacturer of energy solutions for environmentally friendly batteries could become an exciting growth story in the coming years. The company generated its first revenue of USD 2.9 million in Q4 2024 and expanded this to USD 132.8 million in Q2 2025 within just two quarters. The global rebranding of FREYR Battery to T1 Energy in February 2025 should also contribute to the company's long-term success.

Q3 2025 Earnings Call November 14, 2025

9a305588-f78c-49f1-bdcc-1993d67e62ca

Year Turnover Change

2024 2,94

2025 773,900 26.203,87 %

2026 1.106,00 43,89 %

2027 1.507,00 36,27 %

Year EBIT Change

2024 -74,26 45,78 %

2025 -108,3 -45,83 %

2026 5,133 104,74 %

2027 113,3 2.107,79 %

Year Net result Change

2024 -450,2 -525,81 %

2025 -181 59,81 %

2026 -31,93 82,35 %

2027 54,63 271,09 %

Year Net debt CAPEX

2025 500 85,8

2026 682 400

2027 869 400

Year Free cash flow change

2025 -31,75

2026 -213,2 -571,5 %

2027 -163 23,52 %

Year EBIT margin ROE Leverage ratio

2025 -13,99 % -82,9 % 22,05x

2026 0,46 % -24,5 % 5,9x

2027 7,52 % -3,7 % 3,26x

Year Earnings per share Change

2024 -3,2 -527,45 %

2025 -1,115 65,16 %

2026 -0,19 82,96 %

2027 0,245 228,95 %

Year P/E ratio PEG

2024 -0.81x -0x

2025 -7.3x 0.1x

2026 -42.8x 0.5x

2027 33.2x -0x

Market value 2,202

Number of shares (in thousands) 270,573

Date of publication 17.03.2025

$FREY (-1,69 %)