# Renewable energy and energy services Q2 2026 financials

> Live situation record from CLSTR: https://clstr.news/situations/renewable-energy-and-energy-services-q2-2026-financials
> Updated: 2026-08-12T10:00:00.000Z. Sources: 4. Developments: 2.

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.

## Timeline

### 2026-08-12: Total Energy and T1 Energy report Q2 2026 financial results

Total Energy Services reported record Q2 2026 revenue of $328.9 million, while T1 Energy reported $250.1 million in net sales amid solar technology acquisitions and expansion.

2 sources. https://clstr.news/cluster/total-energy-and-t1-energy-report-q2-2026-financial-results

### 2026-08-11: Solar and energy companies report mixed Q2 2026 financial results

Solar and energy companies report mixed Q2 2026 results: FTC Solar saw revenue growth despite losses, T1 Energy reported significant sales alongside widening losses, and Exelon expanded climate investments.

2 sources. https://clstr.news/cluster/solar-and-energy-companies-report-mixed-q2-2026-financial-results

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Cite as: Renewable energy and energy services Q2 2026 financials. CLSTR, https://clstr.news/situations/renewable-energy-and-energy-services-q2-2026-financials