Renewable energy and energy services Q2 2026 financials

Renewable energy and energy services companies reported varied financial results for the second quarter of 2026.

FTC Solar reported a 51.5% revenue increase to $26.2 million, exceeding guidance, though it recorded a GAAP net loss of $27.1 million. The company maintains a contracted backlog of approximately $560 million across the United States and Australia.

T1 Energy Inc. reported total net sales of $250.1 million. While the company experienced a net loss from continuing operations of $36.9 million, it noted a pre-tax reduction in cost of sales aided by $24.4 million in tariff refunds. Strategic expansions include the acquisition of solar intellectual property from Evervolt and ongoing construction of a 2.1 GW solar cell fabrication project in Austin.

Total Energy Services Inc. reported record results with revenue of $328.9 million, a 31% increase from 2025, and a 57% year-over-year rise in net income to $26.7 million. This growth was driven by North American demand for natural gas compression and equipment, as well as rig deployments in Canada and Australia.