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 (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.