Jul. 21 at 12:15 PM
$TOYO yeah some good news. but are they going to just sell it off?
Co announced today that, based on a compliance analysis of production and sales activity at its Toyo Solar Texas facility conducted by a third-party tax advisory firm engaged by the Company, its U.S. subsidiary, Toyo Solar Texas LLC, expects to be eligible to claim Section 45X Advanced Manufacturing Production Credits for the taxable year ended December 31, 2025.
Section 45X of the Internal Revenue Code provides a per-unit credit for eligible components produced by a taxpayer in the United States and sold in qualifying transactions.
Toyo Solar Texas is a key part of the Company's U.S. manufacturing platform. The expected eligibility represents an important milestone in TOYO's U.S. expansion strategy and reflects progress in establishing the production controls, sales documentation, and product traceability processes needed to support domestic module manufacturing.
