TOYO CO LTD Stock Price, News & Analysis

TOYO Co., Ltd (Nasdaq: TOYO) reported its first half 2025 financial results, showing modest revenue growth of 0.7% to $139 million. The company shipped 1.6 GW of solar cells and achieved Non-GAAP Adjusted EBITDA of $23 million, down from $33 million year-over-year.

Key developments include commissioning a 2 GW solar cell plant in Ethiopia in April 2025, with plans to reach 4 GW capacity by October 2025. TOYO also began trial production at a new 1 GW solar module plant in Houston, qualifying for tax incentives of 7 cents per watt. The company acquired the VSUN brand and raised its 2025 outlook, projecting 4.2-4.4 GW in solar cell shipments and net income between $39-45 million.

TOYO Co., Ltd. (NASDAQ: TOYO) has announced the acquisition of the VSUN brand from Vietnam Sunergy Joint Stock Company (VSUN Co), its sister company. The strategic move aims to consolidate operations under TOYO's umbrella, leveraging VSUN's established presence in the U.S. solar market, where it has delivered over 8 GW of solar modules since 2018.

VSUN brings significant credibility to TOYO, having earned multiple industry recognitions including PVEL "Top Performer" status for five consecutive years (2021-2025), BloombergNEF Tier 1 manufacturer status, and RETC "Overall Highest Achiever" awards in 2024 & 2025. The acquisition was completed without issuing new equity and is expected to enhance TOYO's market position in the U.S. utility-scale solar sector.

TOYO Co., Ltd (NASDAQ: TOYO), a solar solution company, has announced its participation in two upcoming industry events in September 2025. The company will present at the H.C. Wainwright 27th Annual Global Investment Conference in New York City on September 8, with 1x1 meetings available on September 8-9.

Additionally, TOYO will attend RE+ 2025 at the Venetian Expo & Caesars Forum in Las Vegas on September 10-11. The company welcomes meeting requests from customers, prospective customers, and interested parties for both events.

TOYO Co., Ltd (NASDAQ: TOYO), a solar solution company, has scheduled its first half 2025 financial results announcement for Monday, September 8, 2025, at 8:30 AM ET. The company will host a conference call to discuss the results, with both toll-free and international dial-in options available.

The earnings release and investor presentation will be accessible on the company's investor relations website at investors.toyo-solar.com before the conference call. Investors can also join via live webcast through a dedicated event link.

TOYO (Nasdaq: TOYO) has released updated audited financial results for FY2024. The company reported a net income of $40.5 million in 2024, up from $9.9 million in 2023, including a $35.1 million change in fair value of contingent consideration. Operating expenses increased by 180.4% to $13.0 million, while earnings per share rose to $1.09 from $0.24 year-over-year. The company's cash position decreased to $17.1 million from $19.0 million in 2023. Based on the audited net profit of $5.4 million, 11,287,703 earnout shares will be surrendered and canceled, leaving 35,308,040 ordinary shares outstanding.

TOYO Co., (NASDAQ: TOYO) reported its FY2024 financial results, showing a 184% revenue increase to $177.0 million from $62.4 million in 2023. The company shipped 1.743 GW and achieved a net income of $40.9 million, up from $9.9 million in 2023. However, gross profit margin declined to 12.4% from 26.7%.

Second half 2024 performance was impacted by U.S. anti-dumping duties, with revenues declining 37.7% to $38.9 million and gross profit margin falling to -12.2%. The company has responded by shifting focus to non-U.S. markets and expanding operations, including a new 2GW solar cell facility in Ethiopia and planned 1GW solar module production in Houston, Texas.

For 2025, TOYO projects 3.5 GW in solar cell shipments and expects net income of $33 million. The company plans to double its Ethiopia capacity to 4GW by August 2025, with the facility already fully allocated for 2025 production.

TOYO (Nasdaq: TOYO) has initiated production at its new 2GW solar cell facility in Ethiopia in early April 2025. The company plans to deliver over 80 MW of solar cells to customers by April's end, with production expected to reach 150-200 MW monthly by May-June 2025.

Due to strong customer demand and requirements from its Houston Texas module facility, TOYO announced plans to expand the Ethiopian plant's nameplate capacity to 4GW. This expansion aligns with the company's strategy to enhance its global solar manufacturing presence and meet growing renewable energy demand.

TOYO Co (Nasdaq: TOYO, OTC: TOYWF), a solar solution company, has scheduled the release of its second half and fiscal year 2024 financial results on Monday, April 28, 2025. The company will host a conference call at 8:30 AM ET to discuss the results.

The earnings release and investor presentation will be accessible on the company's investor relations website at investors.toyo-solar.com before the event. Participants can join via webcast or through various dial-in numbers, including toll-free (800) 715-9871, toll +1 (646) 307-1963, and Japan-Tokyo +81.3.4578.9081, using Conference ID: 7240281.

TOYO Co (Nasdaq: TOYO) hosted Ethiopian Prime Minister Abiy Ahmed Ali at its solar cell production facility in Phu Tho Province, Vietnam on April 15, 2025. The Prime Minister, accompanied by ministerial delegates and local officials, toured TOYO's intelligent solar cell production line.

Key developments include:

• TOYO is expanding its Ethiopian facility in Hawassa from 2 GW to 4 GW capacity
• The expansion project is scheduled for completion by July 2025
• Production at the expanded facility is expected to begin in August 2025

Prime Minister Abiy Ahmed invited Abalance Group, TOYO's parent company, to participate in developing photovoltaic power plants in Ethiopia, aiming to enhance strategic cooperation and advance the country's green energy goals.