TOYO Co Ltd.NASDAQ: TOYO

Profile

Sector:

Technology

Industry:

Solar

Country:

Japan

IPO:

Next earnings report:

29 November 2024

Last dividends:

N/A

Next dividends:

N/A
$136.56 M
-47%vs. 3y high
34%vs. sector
-vs. 3y high
-vs. sector
-47%vs. 3y high
43%vs. sector
-vs. 3y high
-vs. sector

Price

after hours | Wed, 20 Nov 2024 00:31:07 GMT
$3.08-$0.23(-6.95%)

Dividend

No data over the past 3 years
No data over the past 3 years
No data over the past 3 years
No data over the past 3 years

Analysts recommendations

Institutional Ownership

TOYO Latest News

TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025
prnewswire.com18 November 2024 Sentiment: POSITIVE

TOKYO , Nov. 18, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting the Company's ongoing commitment to growth and innovation in the renewable energy sector.   2024 Performance Updates: Projected Shipments: Cell shipments are expected to reach 1.7-1.8 GW in 2024, representing a slight decrease from the previously announced 1.9 GW annual target, mainly due to reduced delivery to U.S customers affected by anti-dumping and countervailing duty investigations by the U.S. Department of Commerce and International Trade Commission Expected Net Income: The Company expects to achieve net income of approximately $10 million in 2024.

Japan's Toyo to produce solar cells in Ethiopia for US plant
https://www.reuters.com/business/energy/japans-toyo-produce-solar-cells-ethiopia-us-plant-2024-10-14/14 October 2024 Sentiment: POSITIVE

Japan's TOYO Co. Ltd on Monday said it will build a 2 gigawatt solar cell factory in Ethiopia that will provide duty-free components to a panel factory it is planning in the United States.

TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in Ethiopia
prnewswire.com14 October 2024 Sentiment: POSITIVE

TOKYO , Oct. 14, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, is excited to announce its plan to establish a state-of-the-art solar cell manufacturing facility with an expected annual capacity of 2 gigawatts (GW). The Company has signed a lease agreement for the new facility that is strategically located in Hawassa, Ethiopia, taking advantage of the country's favorable investment policies, tariff status, and ample hydropower supply.

TOYO Co., Ltd Announces Appointment of Liang "Simon" Shi as President
prnewswire.com10 October 2024 Sentiment: POSITIVE

TOKYO , Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President. With a deep understanding of strategic investments in the renewable energy sector, Liang "Simon" Shi is poised to steer TOYO toward continued growth and industry leadership.

TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024
prnewswire.com01 October 2024 Sentiment: POSITIVE

TOKYO , Oct. 1, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its participation in the Renewable Energy India (REI) Expo 2024, taking place from October 3 to 5, 2024, at the India Expo Centre in Greater Noida. This year's expo is expected to attract over 50,000 visitors and 800 exhibitors, showcasing the latest advancements in renewable energy technologies.

TOYO Co., Ltd Announces First Half 2024 Unaudited Financial Results
prnewswire.com21 August 2024 Sentiment: POSITIVE

TOKYO , Aug. 21, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the six months ended June 30, 2024. First Six Months of 2024 Highlights Revenues of $138.1 million versus $0 revenues in the first half of 2023 Gross Margin of 19.3% Net income of $19.6 million versus a loss of $1.9 million in the first half of 2023 985 MW shipped "We are pleased with our financial and operational achievements in the first half of 2024, highlighting our team's outstanding execution capabilities," said Junsei Ryu, Chairman and CEO of TOYO.

TOYO Co., Ltd to Report Unaudited First Half 2024 Financial Results on August 21, 2024
prnewswire.com15 August 2024 Sentiment: POSITIVE

NEW YORK , Aug. 15, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ: TOYO) a solar solution company, today announced it will host a conference call to discuss first half 2024 results on Wednesday, August 21, 2024. Conference Call Details are as follows: Date: Wednesday, August 21, 2024 Time: 9:30 AM ET Live Webcast: https://events.q4inc.com/attendee/398434630 The first half 2024 earnings release and related investor deck will be available on the investor relations website prior to the event.

What type of business is TOYO Co Ltd.?

TOYO Co., Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain. Additionally, the company also manufactures solar PV modules. The company was founded in 2022 and is based in Tokyo, Japan.

What sector is TOYO Co Ltd. in?

TOYO Co Ltd. is in the Technology sector

What industry is TOYO Co Ltd. in?

TOYO Co Ltd. is in the Solar industry

What country is TOYO Co Ltd. from?

TOYO Co Ltd. is headquartered in Japan

What is TOYO Co Ltd. website?

https://www.toyo-solar.com

Is TOYO Co Ltd. in the S&P 500?

No, TOYO Co Ltd. is not included in the S&P 500 index

Is TOYO Co Ltd. in the NASDAQ 100?

No, TOYO Co Ltd. is not included in the NASDAQ 100 index

Is TOYO Co Ltd. in the Dow Jones?

No, TOYO Co Ltd. is not included in the Dow Jones index

When was TOYO Co Ltd. the previous earnings report?

No data

When does TOYO Co Ltd. earnings report?

The next expected earnings date for TOYO Co Ltd. is 29 November 2024