New Risk • 1h
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • 2h
TOYO Co., Ltd. has filed a Follow-on Equity Offering in the amount of $50.000016 million. TOYO Co., Ltd. has filed a Follow-on Equity Offering in the amount of $50.000016 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,545,456
Price\Range: $11
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 4,545,456
Transaction Features: Registered Direct Offering Valuation Update With 7 Day Price Move • 10h
Investor sentiment deteriorates as stock falls 37% After last week's 37% share price decline to US$7.91, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 34x in the Semiconductor industry in the US. Total loss to shareholders of 26% over the past three years. Live News • Jun 12
TOYO Eyes US$357 Million Solar Plant Expansion and US$185.6 Million Supply Agreements in US Market TOYO plans to invest US$357m in a new 1.5 GW heterojunction (HJT) solar cell facility co-located with its existing module plant near Houston, with pilot production targeted within 20 months.
The expansion is expected to create about 400 direct full-time manufacturing jobs and around 1,200 additional supply chain jobs, while helping the company build a domestic content-compliant U.S. solar supply chain.
TOYO has also signed two master supply agreements with major U.S. solar developers, securing cumulative solar module purchase orders of roughly US$185.6m for commercial and utility-scale projects nationwide.
Together, the factory expansion and new supply contracts point to a tighter integration of TOYO’s U.S. manufacturing footprint with committed demand from large project developers, as well as potential access to Section 45X and other Inflation Reduction Act incentives estimated at about US$60m.
Investors may want to watch how TOYO balances the planned mix of internal cash flow, project financing, partnerships and possible equity issuance in light of concerns over a stretched balance sheet and potential share dilution. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to US$12.93, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 32x in the Semiconductor industry in the US. Total returns to shareholders of 22% over the past three years. Live News • Jun 04
TOYO Reports Q1 Profit Rebound and Conference Highlights Solar Expansion Challenges TOYO Co., Ltd. reported Q1 2026 net income of US$28.41 million, reversing a prior net loss and signaling a profit rebound in its solar-focused operations.
Management highlighted capacity expansion and cost-efficiency efforts across its solar manufacturing footprint in Ethiopia and the U.S. at the Bank of America Power, Utilities and Cleantech Conference.
The company’s current focus centers on translating its cross-border solar manufacturing model into sustained profitability while managing the impact of rising fixed costs and possible demand shortfalls.
The profit rebound and conference exposure put the company’s solar manufacturing strategy and cost structure in sharper focus, particularly as it balances expansion with the risks tied to higher fixed expenses.
For those tracking TOYO, it may be useful to monitor how future quarters reflect demand trends for its solar products and whether margins remain resilient if volumes soften. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$13.46, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 34x in the Semiconductor industry in the US. Total returns to shareholders of 27% over the past three years. Announcement • May 11
TOYO Co., Ltd. to Report Q1, 2026 Results on May 18, 2026 TOYO Co., Ltd. announced that they will report Q1, 2026 results Pre-Market on May 18, 2026 Announcement • Apr 24
TOYO Co., Ltd. has filed a Follow-on Equity Offering in the amount of $30 million. TOYO Co., Ltd. has filed a Follow-on Equity Offering in the amount of $30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$12.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 30x in the Semiconductor industry in the US. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$9.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 23x in the Semiconductor industry in the US. Total loss to shareholders of 11% over the past three years. New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (120% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin). Announcement • Mar 31
Toyo Co., Ltd Announces Appointment of Rhone Resch as Chief Strategy Officer TOYO Co., Ltd. announced the appointment of Rhone Resch as Chief Strategy Officer, a newly created role reporting directly to the CEO. Mr. Resch will lead key elements of the Company's global growth strategy, with a focus on expanding the Company's manufacturing footprint, accelerating its U.S. market expansion, and strengthening partnerships across the solar value chain. Mr. Resch brings more than two decades of experience across the global solar industry, including leadership roles spanning technology commercialization, market development, and industry growth. In addition to his industry leadership, he has founded and led multiple solar companies in the United States, supporting the commercialization of new technologies, building strategic partnerships, and raising growth capital in competitive markets. Throughout his career, he has worked at the intersection of business strategy, policy, and capital formation, helping companies navigate evolving market conditions and expand into new geographies. Mr. Resch served as President and Chief Executive Officer of the Solar Energy Industries Association (SEIA) from 2004 to 2016, where he played a central role in the expansion of the U.S. solar industry. During his tenure, he led federal and state advocacy efforts for the solar industry and worked closely with policymakers and industry stakeholders to support the development of market frameworks and incentive programs, contributing to the growth of the U.S. solar industry. At TOYO, Mr. Resch will work closely with the CEO and executive team to support the Company's long-term strategy, with a particular focus on expanding TOYO's presence in the United States, strengthening relationships with developers, utilities, and technology partners, supporting global manufacturing strategy and supply-chain development, and navigating evolving trade, regulatory, and market dynamics. He will also play a key role in positioning TOYO as a trusted provider of high-performance solar technologies as demand for secure and scalable energy solutions continues to grow. Mr. Resch holds a Master of Public Administration in Management from Syracuse University's Maxwell School, a Master of Environmental Science from the State University of New York, and a Bachelor of Arts from the University of Michigan. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (120% net debt to equity). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$8.89, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 27x in the Semiconductor industry in the US. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$7.15, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 26x in the Semiconductor industry in the US. Total loss to shareholders of 30% over the past three years. Announcement • Nov 04
TOYO Co., Ltd., Annual General Meeting, Dec 09, 2025 TOYO Co., Ltd., Annual General Meeting, Dec 09, 2025. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$6.83, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 38x in the Semiconductor industry in the US. Total loss to shareholders of 32% over the past three years. New Risk • Sep 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 124% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 11% over the past year. Minor Risks High level of debt (124% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin). Reported Earnings • Sep 12
First half 2025 earnings released: EPS: US$0.10 (vs US$0.48 in 1H 2024) First half 2025 results: EPS: US$0.10 (down from US$0.48 in 1H 2024). Revenue: US$139.1m (flat on 1H 2024). Net income: US$3.47m (down 82% from 1H 2024). Profit margin: 2.5% (down from 14% in 1H 2024). Announcement • Sep 08
TOYO Co., Ltd. Provides Earnings Guidance for the Year 2025 TOYO Co., Ltd. provided earnings guidance for the year 2025. For the year, company expected Net income to reach approximately in range of $39 Million to 45 million, reflecting continued growth and improving margins. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$6.18, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 30x in the Semiconductor industry in the US. Total loss to shareholders of 38% over the past three years. Announcement • Sep 02
TOYO Co., Ltd. to Report First Half, 2025 Results on Sep 08, 2025 TOYO Co., Ltd. announced that they will report first half, 2025 results on Sep 08, 2025 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to US$5.01, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 28x in the Semiconductor industry in the US. Total loss to shareholders of 50% over the past three years. Board Change • Jul 30
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director June Han is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 01
TOYO Co., Ltd. announced delayed 20-F filing On 04/30/2025, TOYO Co., Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Apr 28
TOYO Co., Ltd. Provides Earnings Guidance for the Year 2025 TOYO Co., Ltd. provided earnings guidance for the year 2025. For the year, company expected Net income to reach $33 million, reflecting continued growth and improved margins. Announcement • Apr 21
TOYO Co., Ltd. to Report Second Half, 2024 Results on Apr 28, 2025 TOYO Co., Ltd. announced that they will report second half, 2024 results on Apr 28, 2025 New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). High level of non-cash earnings (59% accrual ratio). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Dec 31
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director June Han is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$3.76, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 30x in the Semiconductor industry in the US. Total loss to shareholders of 66% over the past year. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to US$4.17, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 30x in the Semiconductor industry in the US. Total loss to shareholders of 62% over the past year. Announcement • Nov 19
Toyo Co., Ltd. Provides Earnings Guidance for the Full Year 2024 and 2025 TOYO Co., Ltd. provided earnings guidance for the full year 2024 and 2025. For the year 2024, the company expects to achieve net income of approximately $10 million in 2024.
For the year 2025, the company forecasts net income to reach $33 million, reflecting continued growth and improved margins as operational efficiencies are realized. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$3.23, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 33x in the Semiconductor industry in the US. Total loss to shareholders of 70% over the past year. Announcement • Oct 11
TOYO Co., Ltd. Appoints Liang 'Simon' Shi as President TOYO Co., Ltd. has named Liang 'Simon' Shi as its new president. Shi has worked as chief executive officer and chairman of Blue World Acquisition Corporation. He has worked as a partner at Ningbo Zenin Investments Management Partners LP and as the regional president at Barron Partners Fund. He has served as a senior consultant at IBM Global Services (formerly PWC Consulting). Announcement • Oct 01
TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024 TOYO Co. Ltd. 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 will be located in Hall 12, Booth No. R870. The TOYO team will be available for discussions on tailored solar solutions, potential collaborations, and insights into the future of solar technology. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$2.83, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 26x in the Semiconductor industry in the US. Total loss to shareholders of 74% over the past year. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$4.20, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 26x in the Semiconductor industry in the US. Total loss to shareholders of 61% over the past year. Announcement • Aug 15
TOYO Co., Ltd to Report First Half, 2024 Results on Aug 21, 2024 TOYO Co., Ltd announced that they will report first half, 2024 results on Aug 21, 2024 Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to US$3.70, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 27x in the Semiconductor industry in the US. Total loss to shareholders of 65% over the past year.