TE T1 Energy Inc. Common Stock
$4.48
Price · Aug 19, 2026
Fundamentals as of Aug 12, 2026
52W Range
$1–$12
28% of range
Analyst Rating
BUY
15 analysts
Price Target
$10
+120% upside
P/E (TTM)
-3.1
ROE
—
Net Profit Margin
—
TE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.48
Market Cap
—
P/E (TTM)
-3.1
EPS (TTM)
$-2.19
Revenue (TTM)
$755M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$1 – $12
TE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$755M
2023-12-31
→
2025-12-31
EPS
$-2.19
2021-12-31
→
2025-12-31
Free Cash Flow
—
2023-12-31
→
2023-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TE
Peer Median
P/E (TTM)
-3.1
22.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TE
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TE
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TE
Peer Median
Revenue YoY
25572.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TE
Peer Median
TE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 4 26.7%
- Buy 9 60.0%
- Hold 2 13.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-14
Median
$9.00
Mean
$9.86
← Below all targets
$4.48
Low
$7.00
High
$16.00
Median target
$9.00
+100.9%
Mean target
$9.86
+120.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.22%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.14 | $-0.10 | -0.04% |
| March 31, 2026 | $-0.08 | $-0.16 | 0.08% |
| Dec. 31, 2025 | $-0.83 | $0.01 | -0.84% |
| Sept. 30, 2025 | $-0.51 | $-0.12 | -0.39% |
| June 30, 2025 | $-0.21 | $-0.13 | -0.08% |
| March 31, 2025 | $-0.11 | $-0.07 | -0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TE | — | -3.1 | 25572.8% | — | — | — |
| ALNT | $910M | 40.7 | 4.6% | 4.0% | 7.5% | 32.8% |
| FCEL | $412M | -1.2 | 41.0% | -118.8% | -28.5% | — |
| AMPX | $1.06B | -22.5 | 202.1% | -60.3% | -48.8% | 11.3% |
| AMSC | $1.61B | 11.1 | 34.3% | 44.7% | 29.8% | 30.6% |
| EOSE | $3.86B | -1.7 | 631.8% | -849.1% | 58.0% | -126.0% |
| SHLS | — | 42.5 | 19.1% | 7.1% | 5.7% | 35.0% |
| LYTS | $511M | 21.5 | 22.1% | 4.2% | 10.9% | 24.7% |
| ENVX | — | -10.2 | 37.9% | — | — | — |
| ARRY | $1.41B | -12.6 | 40.2% | -4.1% | 37.7% | 23.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $755M | $3M | $0 | |
| Cost of Revenue | $700M | $2M | $0 | |
| Gross Profit | $56M | $1M | $0 | |
| R&D Expense | · | · | $28M | |
| SG&A Expense | $235M | $79M | $66M | |
| Operating Expenses | $290M | $80M | $143M | |
| Operating Income | $-235M | $-79M | $-66M | |
| Other Non-op | $1M | $9M | $6M | |
| Pretax Income | $-341M | $-83M | $-18M | |
| Income Tax | $-19M | $-16M | $443.0K | |
| Net Income | $-368M | $-451M | $-73M | |
| EPS (Basic) | $-2.19 | $-3.20 | $-0.51 | |
| EPS (Diluted) | $-2.19 | $-3.20 | $-0.51 | |
| Shares (Basic) | 173,640,000 | 140,538,000 | 139,705,000 | |
| Shares (Diluted) | 173,640,000 | 140,538,000 | 139,705,000 | |
| EBITDA | · | · | $-140M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $182M | $73M | $253M | |
| Receivables | $84M | $0 | · | |
| Inventory | $116M | $275M | $0 | |
| Prepaid Expense | · | · | $2M | |
| Other Current Assets | $6M | $4M | $0 | |
| Current Assets | $663M | $572M | $312M | |
| PP&E (Net) | $302M | $294M | $2M | |
| PP&E (Gross) | $347M | $306M | $3M | |
| Accum. Depreciation | $45M | $12M | $1M | |
| Goodwill | $57M | $75M | $0 | |
| Intangibles | $180M | $284M | $3M | |
| Other Non-current Assets | $10M | $0 | $4M | |
| Total Assets | $1.37B | $1.34B | $732M | |
| Accounts Payable | · | · | $18M | |
| Accrued Liabilities | $47M | $93M | $10M | |
| Current Liabilities | $464M | $410M | $49M | |
| Capital Leases | $144M | $106M | $0 | |
| Deferred Tax | $4M | $21M | $443.0K | |
| Other Non-current Liabilities | $47M | $22M | $2M | |
| Total Liabilities | $1.05B | $1.10B | $97M | |
| Long-term Debt | $390M | $602M | $0 | |
| Common Stock | $3M | $2M | $1M | |
| Paid-in Capital | $1.36B | $971M | $926M | |
| Retained Earnings | $-1.09B | $-725M | $-275M | |
| AOCI | $-18M | $-59M | $-19M | |
| Stockholders' Equity | $250M | $189M | $635M | |
| Liabilities + Equity | $1.37B | $1.34B | $732M | |
| Shares Outstanding | 266,267,000 | 155,928,000 | 139,705,000 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $93M | $10M | $3M | |
| Stock-based Comp | $11M | $8M | $12M | |
| Deferred Tax | $-20M | $-16M | $443.0K | |
| Amort. of Intangibles | $48M | $1M | $0 | |
| Restructuring | · | · | $6M | |
| Other Non-cash | · | · | $-31M | |
| Operating Cash Flow | $95M | $-103M | $-88M | |
| CapEx | $79M | $51M | $188M | |
| Investing Cash Flow | $-33M | $-138M | $-187M | |
| Stock Issued | · | · | $0 | |
| Net Stock Activity | · | · | $0 | |
| Financing Cash Flow | $130M | $46M | $0 | |
| Net Change in Cash | $194M | $-199M | $-287M | |
| Taxes Paid | $10.0K | $21.0K | · | |
| Free Cash Flow | · | · | $-276M |
Profitability 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| ROA | · | · | -9.2% | |
| ROE | · | · | -10.7% | |
| ROIC | · | · | -22.8% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | · | · | 6.3 | |
| Quick Ratio | · | · | 5.2 |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 25572.8% | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $755M | $3M | $0 | |
| Net Income TTM | $-368M | $-451M | $-73M | |
| Market Cap | · | · | $261M | |
| P/E | -3.1 | -0.8 | -3.7 | |
| P/B | · | · | 0.4 | |
| P / Tangible Book | 143.0 | · | 0.4 | |
| P / Cash Flow | · | · | -3.0 | |
| P / FCF | · | · | -0.9 | |
| Earnings Yield | -32.8% | -124.0% | -27.3% |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250M | $178M | $359M | $211M | $133M | $53M | $3M | $0 | $0 | $0 | |
| Cost of Revenue | $201M | $149M | $375M | $189M | $100M | $36M | $2M | $0 | $0 | $0 | |
| Gross Profit | $49M | $29M | $-16M | $21M | $33M | $18M | $1M | $0 | $0 | $0 | |
| R&D Expense | · | · | · | · | · | · | · | $9M | $10M | $12M | |
| SG&A Expense | $72M | $52M | $69M | $63M | $63M | $43M | $33M | $17M | $14M | $15M | |
| Operating Expenses | $72M | $52M | $71M | $116M | $64M | $43M | $-3M | $17M | $31M | $35M | |
| Operating Income | $-23M | $-23M | $-87M | $-95M | $-31M | $-26M | $-33M | $-17M | $-14M | $-15M | |
| Other Non-op | $2M | $2M | $3M | $-377.0K | $3M | $163.0K | $4M | $1M | $2M | $2M | |
| Pretax Income | $-36M | $4M | $-157M | $-140M | $-37M | $-9M | $-47M | $-14M | $-10M | $-11M | |
| Income Tax | $781.0K | $-222.0K | $1M | $-12M | $-6M | $-3M | $-16M | $0 | $11.0K | $0 | |
| Net Income | $-44M | $-20M | $-189M | $-131M | $-32M | $-16M | $-367M | $-28M | $-27M | $-29M | |
| EPS (Basic) | $-0.16 | $-0.08 | $-1.00 | $-0.87 | $-0.21 | $-0.11 | $-2.61 | $-0.20 | $-0.19 | $-0.20 | |
| EPS (Diluted) | $-0.16 | $-0.08 | $-1.00 | $-0.87 | $-0.21 | $-0.11 | $-2.61 | $-0.20 | $-0.19 | $-0.20 | |
| Shares (Basic) | 280,129,000 | 278,539,000 | -299,208,000 | 160,977,000 | 155,938,000 | 155,933,000 | -279,764,000 | 140,490,000 | 140,107,000 | 139,705,000 | |
| Shares (Diluted) | 280,129,000 | 285,252,000 | -299,208,000 | 160,977,000 | 155,938,000 | 155,933,000 | -279,764,000 | 140,490,000 | 140,107,000 | 139,705,000 | |
| EBITDA | $-23M | $3M | · | $-95M | $-29M | $-9M | · | $-32M | $-31M | $-33M |
Balance Sheet 29
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $79M | $46M | $182M | $34M | $8M | $49M | $73M | $182M | $220M | $250M | |
| Receivables | $99M | $100M | $84M | · | · | · | $0 | · | · | · | |
| Inventory | $229M | $129M | $116M | $252M | $326M | $333M | $275M | · | · | · | |
| Prepaid Expense | · | · | · | · | · | · | · | $3M | $868.0K | $2M | |
| Other Current Assets | $39M | $10M | $6M | $204.0K | $2M | $8M | $4M | $13M | $12M | $14M | |
| Current Assets | $751M | $585M | $663M | $695M | $645M | $627M | $572M | $199M | $234M | $268M | |
| PP&E (Net) | $430M | $346M | $302M | $290M | $297M | $310M | $294M | $368M | $363M | $354M | |
| PP&E (Gross) | $503M | $405M | $347M | $323M | $317M | $315M | $306M | $379M | $371M | $360M | |
| Accum. Depreciation | $73M | $59M | $45M | $33M | $20M | $5M | $12M | $11M | $8M | $6M | |
| Goodwill | $57M | $57M | $57M | $61M | $61M | $75M | $75M | · | · | · | |
| Intangibles | $158M | $169M | $180M | $192M | $257M | $271M | $284M | $3M | $3M | $3M | |
| Other Non-current Assets | $20M | $10M | $10M | · | · | · | $0 | $10.0K | $9.0K | $9.0K | |
| Total Assets | $1.64B | $1.34B | $1.37B | $1.40B | $1.41B | $1.43B | $1.34B | $615M | $644M | $670M | |
| Accounts Payable | · | · | · | · | · | · | · | $10M | $15M | $8M | |
| Accrued Liabilities | $86M | $65M | $47M | $31M | $63M | $77M | $93M | $21M | $20M | $31M | |
| Current Liabilities | $577M | $466M | $464M | $616M | $512M | $493M | $410M | $31M | $35M | $40M | |
| Capital Leases | $206M | $154M | $144M | $141M | $140M | $140M | $106M | $17M | $17M | $17M | |
| Deferred Tax | $4M | $3M | $4M | $2M | $14M | $20M | $21M | · | · | · | |
| Other Non-current Liabilities | $31M | $26M | $47M | $26M | $8M | $10M | $22M | $27M | $27M | $27M | |
| Total Liabilities | $1.37B | $1.03B | $1.05B | $1.24B | $1.18B | $1.18B | $1.10B | $76M | $82M | $87M | |
| Long-term Debt | $550M | $378M | $390M | $547M | $591M | $603M | $602M | · | · | · | |
| Total Debt | $550M | $378M | · | $547M | $591M | $603M | · | · | · | · | |
| Common Stock | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | |
| Paid-in Capital | $1.37B | $1.36B | $1.36B | $1.01B | $975M | $975M | $971M | $929M | $931M | $929M | |
| Retained Earnings | $-1.16B | $-1.11B | $-1.09B | $-904M | $-773M | $-741M | $-725M | $-358M | $-331M | $-304M | |
| AOCI | $-15M | $-11M | $-18M | $-16M | $-19M | $-33M | $-59M | $-34M | $-40M | $-45M | |
| Stockholders' Equity | $202M | $237M | $250M | $97M | $184M | $202M | $189M | $539M | $562M | $582M | |
| Liabilities + Equity | $1.64B | $1.34B | $1.37B | $1.40B | $1.41B | $1.43B | $1.34B | $615M | $644M | $670M | |
| Shares Outstanding | 280,604,000 | 279,037,000 | 266,267,000 | 168,626,000 | 155,938,000 | 155,938,000 | 155,928,000 | 140,490,000 | 140,490,000 | 139,705,000 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $25M | $25M | $25M | $25M | $29M | $15M | $3M | $2M | $2M | $2M | |
| Stock-based Comp | $6M | $3M | $4M | $2M | $1M | $4M | $1M | $1M | $1M | $4M | |
| Deferred Tax | · | · | $-622.0K | $-12M | $-6M | $-995.0K | $-16M | $0 | $0 | $0 | |
| Amort. of Intangibles | · | · | · | · | $11M | $11M | $1M | $38.0K | $37.0K | $0 | |
| Restructuring | · | · | · | · | · | · | · | $5M | · | · | |
| Other Non-cash | · | $-80M | · | · | · | $-46M | · | · | · | $7M | |
| Operating Cash Flow | $-30M | $-73M | $43M | $64M | $33M | $-45M | $-30M | $-28M | $-28M | $-16M | |
| CapEx | $101M | $61M | $18M | $9M | $23M | $29M | $16M | $6M | $8M | $21M | |
| Investing Cash Flow | $-110M | $-61M | $-23M | $-9M | $-23M | $22M | $-126M | $-6M | $-4M | $-2M | |
| Financing Cash Flow | $173M | $-14M | $163M | $-15M | $-15M | $-4M | $50M | $-4M | $0 | $0 | |
| Net Change in Cash | $33M | $-147M | $184M | $40M | $-4M | $-26M | $-107M | $-37M | $-31M | $-23M | |
| Taxes Paid | $0 | $0 | $10.0K | $-10.0K | $10.0K | $0 | $21.0K | · | · | · | |
| Free Cash Flow | · | $-134M | · | · | · | $-74M | · | · | · | $-38M |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.6% | 16.4% | · | 10.1% | 24.7% | 33.3% | · | · | · | · | |
| Operating Margin | -9.1% | -12.7% | · | -45.0% | -22.0% | -44.2% | · | · | · | · | |
| Net Margin | -17.4% | -11.5% | · | -62.0% | -24.0% | -30.4% | · | · | · | · | |
| Pretax Margin | -14.4% | 2.1% | · | -66.3% | -28.5% | -12.4% | · | · | · | · | |
| EBITDA Margin | -9.1% | 1.5% | · | -45.0% | -22.0% | -16.7% | · | · | · | · | |
| ROA | -2.9% | -1.5% | · | -13.0% | -3.1% | -1.6% | · | -8.9% | -8.4% | -8.5% | |
| ROE | -22.6% | -9.3% | · | -41.1% | -8.6% | -4.1% | · | -10.2% | -9.6% | -9.8% | |
| ROIC | -3.1% | -3.9% | · | -13.4% | -3.2% | -1.8% | · | -5.9% | -5.5% | -6.0% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | · | 1.1 | 1.3 | 1.3 | · | 6.4 | 6.6 | 6.7 | |
| Quick Ratio | 0.3 | 0.3 | · | 0.1 | 0.0 | 0.1 | · | 5.8 | 6.2 | 6.2 | |
| Debt / Equity | 2.7 | 1.6 | · | 5.6 | 3.2 | 3.0 | · | · | · | · | |
| LT Debt / Equity | 2.5 | 1.4 | · | 4.4 | 2.6 | 2.4 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.2 | 0.1 | 0.1 | · | · | · | · | |
| Inventory Turnover | 0.7 | 0.6 | · | 1.5 | 0.6 | 0.2 | · | · | · | · | |
| Receivables Turnover | 5.1 | 3.6 | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $771M | $574M | · | $397M | $186M | $53M | · | · | · | · | |
| Net Income TTM | $-226M | $-199M | · | $-206M | $-103M | $-100M | · | $-93M | $-91M | $-76M | |
| Market Cap | $2.66B | $1.22B | · | $368M | $192M | $196M | · | $136M | $239M | $235M | |
| Enterprise Value | $3.13B | $1.56B | · | $881M | $775M | $751M | · | · | · | · | |
| P/E | -7.2 | -3.5 | · | -1.6 | -1.7 | -1.8 | · | -1.5 | -2.7 | -3.1 | |
| P/S | 3.4 | 2.1 | · | 0.9 | 1.0 | 3.7 | · | · | · | · | |
| P/B | 13.2 | 5.2 | · | 3.8 | 1.0 | 1.0 | · | 0.3 | 0.4 | 0.4 | |
| P / Tangible Book | · | 121.0 | · | · | · | · | · | 0.3 | 0.4 | 0.4 | |
| P / Cash Flow | · | -16.8 | · | · | · | -4.4 | · | · | · | -14.5 | |
| P / FCF | · | -9.2 | · | · | · | -2.7 | · | · | · | -6.2 | |
| EV / EBITDA | -137.4 | 598.9 | · | -9.3 | -26.5 | -84.0 | · | · | · | · | |
| EV / FCF | · | -11.7 | · | · | · | -10.2 | · | · | · | · | |
| EV / Revenue | 4.1 | 2.7 | · | 2.2 | 4.2 | 14.0 | · | · | · | · | |
| Earnings Yield | -13.9% | -28.9% | · | -63.8% | -57.7% | -55.6% | · | -68.0% | -37.6% | -32.1% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $755M | $3M | $0 | — | — |
| Net Income | $-368M | $-451M | $-73M | $-99M | $-93M |
| Diluted EPS | $-2.19 | $-3.20 | $-0.51 | $-0.83 | $-1.24 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | 6.3 | — | — |
| Quick Ratio | — | — | 5.2 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | — | $-276M | — | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 350 filers · $1.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 121 (+43 vs prior Q) | 37 (-11 vs prior Q) | 95 (-8 vs prior Q) | 84 (+38 vs prior Q) | +14.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Encompass Capital Advisors LLC | $331,498,242 | 34,968,169 | 19.69% | Shares |
| STATE STREET CORP | $147,526,120 | 15,561,827 | 8.76% | Shares |
| TWO SIGMA INVESTMENTS, LP | $87,604,566 | 9,240,988 | 5.20% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $83,392,697 | 8,796,698 | 4.95% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $70,769,148 | 7,465,100 | 4.20% | Shares |
| VANGUARD GROUP INC | $60,904,666 | 9,117,465 | 3.62% | Shares |
| CITADEL ADVISORS LLC | $47,360,222 | 4,995,804 | 2.81% | Shares |
| Situational Awareness LP | $46,452,000 | 4,900,000 | 2.76% | Shares |
| Situational Awareness Partners LP | $43,900,000 | 10,000,000 | 2.61% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $43,618,428 | 4,601,100 | 2.59% | Call option |
| GEODE CAPITAL MANAGEMENT, LLC | $40,898,339 | 4,313,134 | 2.43% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $39,938,349 | 4,212,906 | 2.37% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $35,927,276 | 3,789,797 | 2.13% | Shares |
| BARCLAYS PLC | $34,247,126 | 3,612,566 | 2.03% | Shares |
| FIRST TRUST ADVISORS LP | $30,100,431 | 3,175,151 | 1.79% | Shares |
| Electron Capital Partners, LLC | $27,794,582 | 2,931,918 | 1.65% | Shares |
| JANE STREET GROUP, LLC | $27,373,500 | 2,887,500 | 1.63% | Call option |
| CITADEL ADVISORS LLC | $20,182,920 | 2,129,000 | 1.20% | Call option |
| Gladstone Institutional Advisory LLC | $19,949,295 | 2,104,356 | 1.18% | Shares |
| GOLDMAN SACHS GROUP INC | $17,971,210 | 1,895,697 | 1.07% | Shares |
| D. E. Shaw & Co., Inc. | $17,830,297 | 1,880,833 | 1.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $17,602,464 | 1,856,800 | 1.05% | Put option |
| JANE STREET GROUP, LLC | $17,517,144 | 1,847,800 | 1.04% | Put option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $15,161,345 | 1,599,298 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $13,829,879 | 1,458,848 | 0.82% | Shares |
| Squarepoint Ops LLC | $13,547,176 | 1,429,027 | 0.80% | Shares |
| CITADEL ADVISORS LLC | $13,375,332 | 1,410,900 | 0.79% | Put option |
| GROUP ONE TRADING LLC | $13,274,920 | 1,400,308 | 0.79% | Shares |
| Point72 Asset Management, L.P. | $10,174,884 | 1,073,300 | 0.60% | Call option |
| MILLENNIUM MANAGEMENT LLC | $9,207,573 | 971,263 | 0.55% | Shares |
| Point72 Asset Management, L.P. | $9,139,298 | 964,061 | 0.54% | Shares |
| TWO SIGMA ADVISERS, LP | $8,629,892 | 1,291,900 | 0.51% | Shares |
| Clear Street Group Inc. | $7,603,718 | 802,080 | 0.45% | Shares |
| Science & Technology Partners, L.P. | $7,347,891 | 775,094 | 0.44% | Shares |
| Walleye Trading LLC | $7,183,944 | 757,800 | 0.43% | Call option |
| AGF MANAGEMENT LTD | $7,120,608 | 751,119 | 0.42% | Shares |
| K2 PRINCIPAL FUND, L.P. | $6,583,860 | 694,500 | 0.39% | Call option |
| OCCUDO QUANTITATIVE STRATEGIES LP | $6,381,197 | 673,122 | 0.38% | Shares |
| HITE Hedge Asset Management LLC | $5,860,479 | 618,194 | 0.35% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,335,069 | 562,771 | 0.32% | Shares |
| Lighthouse Investment Partners, LLC | $5,243,483 | 553,110 | 0.31% | Shares |
| Trexquant Investment LP | $4,794,557 | 505,755 | 0.28% | Shares |
| PLUSTICK MANAGEMENT LLC | $4,740,000 | 500,000 | 0.28% | Shares |
| Burkehill Global Management, LP | $4,740,000 | 500,000 | 0.28% | Shares |
| Caption Management, LLC | $4,488,780 | 473,500 | 0.27% | Call option |
| LPL Financial LLC | $4,366,967 | 460,651 | 0.26% | Shares |
| Walleye Trading LLC | $4,185,799 | 441,540 | 0.25% | Shares |
| BANK OF AMERICA CORP /DE/ | $4,104,215 | 432,934 | 0.24% | Shares |
| Walleye Trading LLC | $4,038,480 | 426,000 | 0.24% | Put option |
| Graham Capital Management, L.P. | $3,900,044 | 411,397 | 0.23% | Shares |
| JENNISON ASSOCIATES LLC | $3,868,200 | 408,038 | 0.23% | Shares |
| Alta Fundamental Advisers LLC | $3,792,000 | 400,000 | 0.23% | Shares |
| PEAK6 LLC | $3,763,778 | 397,023 | 0.22% | Shares |
| Security National Bank | $3,709,666 | 391,315 | 0.22% | Shares |
| Y-Intercept (Hong Kong) Ltd | $3,360,432 | 354,476 | 0.20% | Shares |
| Schonfeld Strategic Advisors LLC | $3,349,605 | 353,334 | 0.20% | Shares |
| Swiss National Bank | $3,317,052 | 349,900 | 0.20% | Shares |
| DNB Asset Management AS | $3,296,452 | 347,727 | 0.20% | Shares |
| MORGAN STANLEY | $3,098,728 | 326,870 | 0.18% | Shares |
| HUSSMAN STRATEGIC ADVISORS, INC. | $2,986,200 | 315,000 | 0.18% | Shares |
| ALPS ADVISORS INC | $2,929,178 | 308,985 | 0.17% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $2,850,086 | 300,642 | 0.17% | Shares |
| BARCLAYS PLC | $2,844,000 | 300,000 | 0.17% | Call option |
| MOORE CAPITAL MANAGEMENT, LP | $2,844,000 | 300,000 | 0.17% | Call option |
| Alight Capital Management LP | $2,844,000 | 300,000 | 0.17% | Shares |
| IMC-Chicago, LLC | $2,718,911 | 286,805 | 0.16% | Shares |
| SIH Partners, LLLP | $2,675,967 | 282,275 | 0.16% | Shares |
| CIBC WORLD MARKET INC. | $2,532,108 | 267,100 | 0.15% | Shares |
| NewEdge Advisors, LLC | $2,519,339 | 265,753 | 0.15% | Shares |
| CITIGROUP INC | $2,477,247 | 261,313 | 0.15% | Shares |
| UniSuper Management Pty Ltd | $2,464,497 | 259,968 | 0.15% | Shares |
| GILDER GAGNON HOWE & CO LLC | $2,359,942 | 248,939 | 0.14% | Shares |
| Green Alpha Advisors, LLC | $2,269,607 | 239,410 | 0.13% | Shares |
| RHUMBLINE ADVISERS | $2,223,420 | 234,539 | 0.13% | Shares |
| Engineers Gate Manager LP | $2,011,428 | 212,176 | 0.12% | Shares |
| BlackRock, Inc. | $1,959,450 | 206,693 | 0.12% | Shares |
| WINTON GROUP Ltd | $1,931,711 | 203,767 | 0.11% | Shares |
| SIMPLEX TRADING, LLC | $1,924,762 | 203,034 | 0.11% | Shares |
| Voleon Capital Management LP | $1,904,816 | 200,930 | 0.11% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,895,052 | 199,900 | 0.11% | Call option |
| MML INVESTORS SERVICES, LLC | $1,866,053 | 196,841 | 0.11% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,857,217 | 195,909 | 0.11% | Shares |
| XTX Topco Ltd | $1,824,502 | 192,458 | 0.11% | Shares |
| Sender Co & Partners, Inc. | $1,792,725 | 189,106 | 0.11% | Shares |
| Havemeyer Place LP | $1,760,777 | 185,736 | 0.10% | Shares |
| Bank of New York Mellon Corp | $1,697,375 | 179,048 | 0.10% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $1,659,000 | 175,000 | 0.10% | Shares |
| Cetera Investment Advisers | $1,637,101 | 172,690 | 0.10% | Shares |
| MARSHALL WACE, LLP | $1,538,064 | 162,243 | 0.09% | Shares |
| ALGERT GLOBAL LLC | $1,522,962 | 160,650 | 0.09% | Shares |
| PEAK6 LLC | $1,469,400 | 155,000 | 0.09% | Call option |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,269,846 | 133,950 | 0.08% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,251,663 | 132,032 | 0.07% | Shares |
| VAN ECK ASSOCIATES CORP | $1,243,473 | 131,168 | 0.07% | Shares |
| Shay Capital LLC | $1,218,180 | 128,500 | 0.07% | Shares |
| Vanguard Global Advisers, LLC | $1,191,816 | 125,719 | 0.07% | Shares |
| AXQ CAPITAL, LP | $1,161,746 | 122,547 | 0.07% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $1,151,611 | 121,478 | 0.07% | Shares |
| BlueCrest Capital Management Ltd | $1,135,704 | 119,800 | 0.07% | Call option |
| Eddie Patel Inc | $1,131,175 | 119,322 | 0.07% | Shares |
Company insiders 17 insiders · 7 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Daniel Barcelo | Chief Executive Officer | May 6, 2026 A | 1,096,608 | 0 | 0 | $0 |
| Joseph Evan Calio | Chief Financial Officer | June 23, 2026 M | 1,864,660 | 0 | 0 | $0 |
| Jaime Eduardo Gualy | Chief Operating Officer | July 29, 2026 M | 62,283 | 0 | 0 | $0 |
| Peter Del Vecchio | Interim CLO & COO | April 29, 2025 A | — | 0 | 0 | $0 |
| Andrew Munro | Chief Legal & Policy Officer | July 29, 2026 M | 61,011 | 0 | 0 | $0 |
| Andreas Bentzen | Chief Technology Officer | June 23, 2026 M | 13,150 | 0 | 0 | $0 |
| Denise Cruz | SVP, CAO and Corp. Controller | April 29, 2025 A | — | 0 | 0 | $0 |
| Robert O. Hammond | Director | July 2, 2026 A | — | 0 | 0 | $0 |
| David J. Manners | Director | July 2, 2026 A | 110,379 | 0 | 0 | $0 |
| Daniel Steingart | Director | July 2, 2026 A | 50,000 | 0 | 0 | $0 |
| Jessica Wirth Strine | Director | July 2, 2026 A | 50,000 | 0 | 0 | $0 |
| Balazs Peter Matrai | Director | July 2, 2026 A | 1,623,912 | 0 | 0 | $0 |
| Richard W Anderson | Director | July 2, 2026 A | 50,000 | 0 | 0 | $0 |
| Mingxing Lin | Director | Jan. 20, 2026 J | 431,800 | 0 | 0 | $0 |
| Tore Ivar Slettemoen | Director | Dec. 1, 2025 A | 50,000 | 0 | 4 | $-1,871,777 |
| Trina Solar (Schweiz) AG | 10% owner | May 22, 2026 S | 30,652,664 | 0 | 5 | $-190,246,031 |
| Einar Kilde | — | March 31, 2026 A | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Trina Solar (Schweiz) AG ×6 filings | May 26, 2026 | 11.00% | Amendment | Passive investment | SEC |
| Alussa Energy Sponsor LLC, William Richard Anderson | Feb. 26, 2026 | 4.20% | Amendment | — | SEC |
| Encompass Capital Advisors LLC, Encompass Capital Partners LLC, Kantor Todd J. ×7 filings | Dec. 15, 2025 | 19.99% | Amendment | — | SEC |
| Wood River Capital, LLC, Koch, Inc. ×2 filings | Jan. 7, 2025 | 4.60% | Amendment | — | SEC |
| Koch Industries, LLC, Wood River Capital, LLC, Koch, Inc. | Aug. 5, 2024 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 59 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CTEX · ProShares Trust | 7.68% | 53,630 NS | May 31, 2026 | N-PORT |
| TAN · Invesco Exchange-Traded Fund Trust … | 2.48% | 5,706,973 SH | Aug. 8, 2026 | Daily |
| ACES · ALPS ETF Trust | 1.95% | 268,373 NS | May 31, 2026 | N-PORT |
| ICLN · iShares Trust | 1.05% | 3,913,515 SH | Aug. 8, 2026 | Daily |
| PBW · Invesco Exchange-Traded Fund Trust | 1.01% | 792,815 SH | Aug. 8, 2026 | Daily |
| GURU · Global X Funds | 0.81% | 98,535 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.61% | 1,327,902 NS | April 30, 2026 | N-PORT |
| PIZ · Invesco Exchange-Traded Fund Trust … | 0.43% | 93,311 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.31% | 790,716 NS | April 30, 2026 | N-PORT |
| IEUS · iShares Trust | 0.28% | 15,260 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.23% | 610,281 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.16% | 334,880 SH | Aug. 8, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.15% | 565,202 SH | Aug. 8, 2026 | Daily |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.15% | 34,301 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.13% | 65,229 SH | Aug. 8, 2026 | Daily |
| SCZ · iShares Trust | 0.12% | 488,771 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.12% | 123,899 NS | April 30, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,433,000 | Aug. 8, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.11% | 12,063 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.10% | 192,197 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.07% | 176,000 NS | April 30, 2026 | N-PORT |
| ISCF · iShares Trust | 0.06% | 12,260 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.06% | 1,614,675 SH | Aug. 8, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | 0.06% | 7,147,000 PA | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.05% | 9,571 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 48,634 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 1,031,810 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.05% | 18,134 SH | Aug. 8, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | 0.04% | 3,679,000 PA | Aug. 8, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 360,936 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.03% | 7,485 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 39,725 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 4,509,066 SH | Aug. 8, 2026 | Daily |
| IEUR · iShares Trust | 0.03% | 79,116 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 88,138 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 7,572 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 2,401,940 SH | Aug. 8, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.02% | 1,472,007 SH | Aug. 8, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | 0.02% | 474,000 PA | Aug. 8, 2026 | Daily |
| IEFA · iShares Trust | 0.02% | 1,021,612 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.02% | 505 SH | Aug. 8, 2026 | Daily |
| IDEV · iShares Trust | 0.02% | 156,762 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.02% | 8,197 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.01% | 49,869 NS | April 30, 2026 | N-PORT |
| IXUS · iShares Trust | 0.01% | 192,017 SH | Aug. 8, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.01% | 2,210,996 SH | Aug. 8, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | 0.01% | 6,775,000 PA | Aug. 8, 2026 | Daily |
| HDG · ProShares Trust | 0.01% | 190 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 5,136 NS | May 31, 2026 | N-PORT |
| INTF · iShares Trust | 0.01% | 7,536 SH | Aug. 8, 2026 | Daily |