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TOYO Co., LtdBullish
TOYO Co., Ltd reported $261.0 million in revenue and $45.8 million in net income for H1 2026, marking significant year-over-year growth. The company is investing $357 million in an HJT solar cell manufacturing facility in Humble, Texas, with pilot production targeted for Q1 2028. TOYO is currently addressing a U.S. Department of Commerce circumvention inquiry regarding its Ethiopian solar cell production while maintaining active cooperation with the CBP to ensure supply chain transparency.…more
TOYO Co., Ltd
TOYO has withheld specific financial guidance for the second half of 2026 due to regulatory uncertainties in the U.S., though it remains confident in achieving positive EBITDA. Additionally, the company announced binding solar module supply agreements totaling approximately $240 million, with deliveries scheduled through the first half of 2027.…more
TOYO Co., Ltd
TOYO Co., Ltd has amended its trademark license agreement with the VSUN Group, extending the term from one year to three years. Effective September 12, 2026, the license grant no longer includes the right to use the subject trademarks within the United States.…more
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TOYO Completes Expansion of Texas Solar Module Facility to 2GW
Solar manufacturer TOYO has officially completed the expansion of its manufacturing facility in Humble, Texas, reaching a production capacity of 2 GW. This expansion significantly boosts the company's solar module production capabilities.…more
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TOYO has signed binding solar module supply contracts worth approximately $240 million with unnamed U.S. customers. Deliveries for these orders are scheduled to continue through the first half of 2027.…more
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TOYO has declined to provide specific financial guidance for the second half of 2026, citing significant uncertainty regarding U.S. trade and regulatory environments. Despite this, the company maintains confidence in achieving positive EBITDA for that period.…more
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