T1 Energy Inc. is trading 7% up at $8.27–8.12 in pre-market, bouncing back from a sharp selloff triggered by a short-seller report as oil prices lift the energy sector.
- The stock is recovering from a drop to $7.73 on June 10, which was caused by a Fuzzy Panda Research report alleging the company misled investors about its supply chain compliance.
- Broader energy sector gains are providing a tailwind, with crude prices surging after Iran’s declaration of the Strait of Hormuz closure following new U.S. military strikes in the region.
- The move is also supported by a general market recovery, with U.S. equity futures rising after the previous day's losses.