Toyo Co., Ltd. (TOYO)
NASDAQ (CM) NASDAQ (CM) Primary 
TOYO Co., Ltd.: A Vertically Integrated Solar Powerhouse Trading At A Deep Discount
TOYO Co., Ltd. is a vertically integrated solar company with global manufacturing, strong expansion, and stock returns far outpacing major indices. TOYO's strategic acquisitions, U.S. manufacturing ramp-up, and VSUN brand integration create competitive advantages and position TOYO for U.S. market growth. Despite recent margin pressures from expansion, TOYO maintains robust financial health, optimistic 2025 guidance, and a strengthened cash position.
TOYO: A Vertically Integrated Solar Play With Breakout Potential Amid Industry Reset
TOYO posted a 183% YoY revenue growth in FY24, but gross margins halved due to rising related-party costs, signaling potential pricing pressures. Over 80% of FY24 net income came from a non-operating $34.75M fair value gain, making core profitability much lower than headline numbers suggest. TOYO turned operating cash flow positive in FY24, a major turnaround from prior years, and largely self-funded $44M in CapEx for capacity expansion.
Japan's Toyo to produce solar cells in Ethiopia for US plant
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.
Why Is Toyo (TOYO) Stock Up 119% Today?
Toyo (NASDAQ: TOYO ) stock is taking off on Friday alongside heavy pre-market trading of the solar solution company's shares. That has more than 13.6 million shares of TOYO stock changing hands as of this writing.
