T1 Energy Surges 12.7% to $7.09 After 30% Monthly Slide, CFO Change
T1 Energy shares jumped 12.72% to close at $7.09 after plunging as much as 30% from $8.33 over February following the sudden termination of CFO Denise Cruz. Investors weighed the CFO change—Cruz was replaced by Tom Mahrer—and the company’s new eligibility for Section 45X tax credits under Treasury FEOC rules.
1. Stock Performance Rebound
T1 Energy shares soared 12.72% to $7.09 on Tuesday after a month-to-date drop of as much as 30% from $8.33. Investors appear to have seized bargain opportunities following the share plunge, driving the one-day rally.
2. CFO Transition
Chief accounting officer Denise Cruz was abruptly terminated, citing personal pursuits, and replaced by Tom Mahrer, the director of SEC reporting since October 2025. The sudden leadership change fueled investor uncertainty earlier in the month.
3. Section 45X Tax Credits Eligibility
The Treasury’s initial foreign entity of concern provisions confirmed T1 Energy’s eligibility for Section 45X tax credits. CEO Dan Barcelo highlighted that the guidance validates the company’s strategy to build an American-controlled solar supply chain.