🟢 T1 Energy Inc. is trading 5.2% up today as investors react to KORE Power acquisition

T1 Energy Inc. is trading 5.2% up at $12.10 as positive momentum continues following the company's announcement that it will acquire KORE Power to enter the battery storage and AI data center markets.

• On June 3, T1 Energy announced a definitive agreement to acquire KORE Power for an enterprise value of about $32 million in equity, cash, and assumed debt.
• The deal provides T1 with an entry into the high-growth battery energy storage systems (BESS) market, targeting rising power demand from AI data centers.
• T1 expects the acquisition to be EBITDA-positive in 2026 and contribute approximately $15 million to $20 million in EBITDA in 2027.