Why TE Stock Is Soaring in Premarket Today: Nextracker Deal Lifts Shares

T1 Energy Inc. (NYSE: TE) stock is experiencing a dramatic surge in premarket trading on October 15, 2025, jumping 34.08% to $5.37 as of 8:17 AM EDT. This remarkable premarket rally follows the company’s announcement of a strategic multi-year framework agreement with Nextracker (NASDAQ: NXT) for the supply of advanced solar panel frames.

The deal, valued at over $75 million and targeting multi-gigawatt module frame supply over several years, represents a significant milestone for both companies in reshoring critical solar manufacturing capacity to the United States.

T1 Energy and Nextracker Team Up to Expand Domestic Production Capacity

The strategic framework agreement announced today will see Nextracker supply its patented steel module frame technology for T1 Energy’s new 5-GW G1_Dallas solar manufacturing facility. This partnership aims to accelerate the industry’s transition away from imported aluminum frames, which are currently produced primarily in Asia, toward made-in-USA frames using locally manufactured specialty steel. The steel frames are expected to be more durable, competitively priced, and less exposed to tariff and global supply chain risks compared to traditional aluminum frames.

Daniel Barcelo, Chairman and CEO of T1 Energy, emphasized the strategic importance of this partnership, stating that with potential surging demand from data centers and AI infrastructure, the U.S. needs to establish critical energy supply chains built on domestic capacity and industrial expertise.

To support this initiative, Nextracker plans to increase its existing U.S. steel frame capacity in the Midwest with additional manufacturing lines in Texas, creating high-quality jobs and complementing its existing Texas footprint of more than a dozen manufacturing partners producing key solar tracker components.

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TE Shares Jump 34% Premarket, Extending Year-to-Date Rally

Prior to today’s premarket surge, TE closed at $4.01 on October 14, 2025, representing a gain of 14.57% during regular trading hours. The stock has demonstrated exceptional momentum in 2025, with a year-to-date return of 55.43% and a remarkable one-year return of 297.03%.

However, longer-term performance shows volatility, with three-year and five-year returns down 69.44% and 59.58% respectively. The company, which was formerly known as FREYR Battery, Inc. and changed its name to T1 Energy Inc. in February 2025, has a market capitalization of $675.52 million as of the most recent data.

T1 Energy currently employs 328 full-time employees and provides energy solutions for solar and batteries in the United States and Norway, manufacturing and selling photovoltaic solar modules. The company’s second quarter fiscal year 2025 results showed revenue of $132.77 million but a net loss of $32.74 million, reflecting the challenges of scaling manufacturing operations.

Analysts maintain an average price target of $3.00 for the stock, though today’s premarket action has already pushed the stock well above that level, suggesting the Nextracker deal has exceeded market expectations for T1 Energy’s strategic positioning in the domestic solar supply chain.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.