• T1 Energy is buying KORE Power, an engineering-focused company specializing in battery energy storage systems.
• The company said the deal will be funded through a mix of equity and cash and will include the assumption of KORE’s debt. 
• The acquisition will help T1 generate positive earnings before interest, taxes, depreciation, and amortization this year.

Shares of solar power and energy storage solutions provider T1 Energy Inc. (TE) are in focus on Wednesday after the company said it will buy privately held KORE Power, Inc., in a $32 million deal to expand its customer base by tapping into the data center infrastructure market.

At the time of writing, TE stock was down nearly 2% premarket, paring earlier losses, and was among the top ten trending tickers on Stocktwits.

T1 Makes Foray Into Data Center Market

KORE Power is an engineering-focused company specializing in battery energy storage systems. T1 Energy said that, through the acquisition, it will support ongoing hyperscaler development efforts as companies rush to build their infrastructure to power artificial intelligence.

T1 Energy said the deal will help the company provide energy to AI data centers, which accounted for about half of all growth in electricity use in the United States last year. Companies are also increasingly looking at alternative energy sources to diversify and avoid relying solely on household power distributors.

“The combination with T1 Energy is expected to provide customers with a one-stop solution for generation, storage, system design, and ongoing operations,” said Jay Bellows, President and CEO of KORE Power. “We’re thrilled to be joining T1, which shares our commitment to building a secure, domestic energy supply chain.”

Zooming In On The Deal Financials

The company said the deal will be funded through a mix of equity and cash and will include the assumption of KORE’s debt. The acquisition will help T1 Energy generate positive earnings before interest, taxes, depreciation, and amortization this year and chip in about $15 million to $20 million to the metric next year.

T1 Energy said the deal, which is expected to close in the second quarter, also includes the potential of $9.6 million in equity-based earn-outs for 2026 and 2027.

What Do Retail Traders Think About TE?

On Stocktwits, retail sentiment about the TE stock remained ‘bullish’ amid ‘high’ message volume over the last 24 hours. One user on the platform noted that the deal announcement helped shed earlier premarket losses.

Another user on the platform praised the announcement, expecting the stock to touch $13.

TE stock has risen more than 80% so far this year and increased elevenfold in value over the last 12 months, outperforming the S&P 500.

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