Toyo Co. Ltd TOYO

$4.21 -0.26 (-5.82%)

Valuation

Market cap
168,850,000
Revenue TTM
$427,380,000
Net income TTM
$39,660,000
PE ratio
0.00
Forward PE
2.29
Profit margin
9.28%
Debt to equity
0.12

Trading

Volume
690,400
Avg volume
729,080
Day's range
$4.17 – $4.35
Shares out
37,774,000
Stochastic %K
66%
Beta
1.42
Analysts
Strong Sell
Price target
$14.00

Price

Company profile

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 in Asia and the United States. It designs, manufactures, and sells solar cells, modules, and related products. TOYO Co., Ltd. was founded in 2022 and is headquartered in Tokyo, Japan.

Industry
Solar
Sector
Technology
Phone
81 3 6433 2789
Website
https://www.toyo-solar.com
Address
Tennoz First Tower, 16F 2-2-4 Higashi-shinagawa Shinagawa-ku, Tokyo, Japan

Latest news

Stocktwits

DrAHole Sep 28, 9:33 PM
$TOYO Anyone have any idea when some of these tax credits we apparently qualify for will appear on the ballance sheet?
0 replies
mrfridaynight Sep 28, 9:12 PM
$TOYO I’ve been in this stock through the rise and fall….its like riding Velocicoaster
0 replies
ABTrades1 Sep 28, 8:33 PM
$TOYO closed down 5.8%. $TE and $RUN were down 5.4%, $JKS 4.9%, $ENPH 4.6%. TOYO had its own uncertainty headline on top of that. So this wasn't TOYO getting singled out. Half the solar names had the same kind of day without any company news. When I saw "uncertainty" in the 8am release I expected worse. Down 5.8% on a day the whole group got hit, and it never broke $4.12. Relieved, and after reading both releases properly, actually pretty happy with what they announced. What I cared about went the right way. Houston is at 2 GW and the demand is there. The rest is waiting on the government, and that clears on their schedule, not TOYO's.
0 replies
ABTrades1 Sep 28, 7:48 PM
$TOYO That's not quite what he said. His words on the call: "we're optimistic that we will see the detentions be released in this quarter. But the exact timing is a little bit unclear. It's an administrative process with a government agency and sometimes it takes a little bit longer than we would like." That's an expectation. CBP controls the review process, timing and ultimate determination. TOYO can provide the documents and traceability it's asked for. It can't tell the government when to finish. That's also why declining detailed H2 guidance is logical. Revenue timing, duties and customer behavior depend on government decisions that haven't been made. Precise H2 numbers now would mean guessing at variables management doesn't control. And today's PR doesn't say those shipments are still detained. It says the CBP examination is pending. Could this affect Q4? Sure. But "management broke a Sept 30 promise and Q4 is definitely hit" goes beyond what's been disclosed.
0 replies
powerenergyai Sep 28, 7:39 PM
$CSIQ Must-read report by Terawatt PV Research on US Solar market. $CSIQ in second place. $FSLR ($20B mkt cap) is first place. $GLW (+$100B mkt cap) is tied in second with CSIQ. $TE , $TOYO , QCells, SEG, Illuminate, etc… all below $CSIQ , as they should. This is one of the first (high-quality) research reports that gives Canadian Solar the credit they deserve. Behind FirstSolar, they are the leading US manufacturer of solar modules. And the lead is widening. +$4.5B & 13GWs in CONTRACTED backlog. Customers are pre-paying for their orders and helping fund their mfg expansion. Neither customers, nor lawyers, nor consultants, nor tax equity financiers are seeing FEOC risks. Anyone who thinks $TE has some kind of lead, has clearly not studied this market enough… The slow bleeding has been extremely hard, but it will turn. The value embedded in this stock is MULTIPLES of their market cap.
2 replies
ABTrades1 Sep 28, 4:40 PM
$TOYO Down 5% looks ugly, but look at what it's trading against. Solar has been getting hammered. $FSLR got crushed Thursday and is red again today, rates are at new highs and pressuring the group, and the broader market is red too. Then TOYO added its own problem this morning by refusing to give H2 revenue or net income guidance while the regulatory stuff is unresolved. For this news, in this market, I can live with the move. So going from Friday's $4.47 close into the low $4.20s isn't some insane reaction to me. That's bad guidance clarity hitting a stock on an already awful sector, in an already bad market. I'm also not looking at this move and thinking the thesis suddenly broke. On the same morning we learned Houston is running 2 GW and they announced about $240M of agreements.
0 replies
ABTrades1 Sep 28, 4:28 PM
$TOYO There's something TOYO filed Friday that matters a lot more after this morning's outlook. On Sept 25 they went directly to Commerce and asked them to confirm that cells made in Ethiopia from non-Chinese wafers using US polysilicon are outside the circumvention inquiry. They're pointing to Commerce's own 2023 Southeast Asia solar case, where wafer origin was used as the dividing line. They also put this on the public record: Ethiopia has used 100% non-Chinese polysilicon, and 100% non-Chinese wafers since the start of 2026. One more thing that was confidential until Friday: TOYO says it's working with a US polysilicon producer on a supply chain where US polysilicon gets turned into wafers outside China, then goes to Ethiopia for cell production. They're not asking Commerce to erase the historical review. That continues separately. They want Commerce to tell customers exactly where the line is for the supply chain they're running now.
0 replies
ABTrades1 Sep 28, 4:25 PM
$TOYO Two releases this morning and I think the reaction needs some context. Houston is now running about 2 GW. Line 2 is operating, so they actually hit the September timeline. They also announced about $240M of binding US module agreements, with deliveries through H1 2027. Then came the part the market hated. Management won't give H2 revenue or net income guidance while CBP, the trade cases and Section 232 are still unresolved. For now all they'll commit to is positive EBITDA. I've already seen people turn that into "H2 breakeven" or "negative EPS." Maybe, but management didn't say either and we don't have those numbers yet. So two pretty big questions actually got answered today: Line 2 got done and customers are signing contracts. What got worse is visibility, not the business.
0 replies