On June 17, T1 Energy rose 9.25% in regular trading, trading at $9.255/share, with turnover of $57.45 million. The stock extended its oversold recovery following the digestion of a short-seller attack, supported by notable institutional positioning.
On the news front, the stock had previously declined sharply after Fuzzy Panda Research published a short report questioning T1 Energy's underlying operational relationship with Trina Solar and directly challenging its credentials as a genuine AI-linked play. The stock dropped from above $11 to approximately $7.78. Following the consecutive selloff, bottom support has been established by hedge fund Situational Awareness LP, managed by former OpenAI researcher Leopold Aschenbrenner, which previously disclosed purchasing over 10 million shares. Additionally, the company's $32 million acquisition of Kore Power to enter the energy storage and AI data center market continues to underpin recovery momentum.
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