Added to YB: 2026-05-27
Pitch date: 2026-05-24
TOYO [bullish]
TOYO Co., Ltd.
-0.33%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$543.0M
Pitch Price
$15.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.27
P/E
7.15
EV/Sales
1.17
Sector
Semiconductors and Semiconductor Equipment
Category
value
TOYO Co., Ltd (Nasdaq: TOYO)
TOYO: Solar manufacturer w/ 7 GW capacity (6 GW Vietnam/Ethiopia cells, 1 GW US modules). Houston facility alone worth $2.05B (10x '27E $205M earnings from ops + 45X credits) vs $558M mkt cap. 45X credits: $70M/yr now, $140M at Q3'26 2 GW ramp, $200M w/ planned 1.5 GW US cell plant '27-'28. FSLR anti-circumvention complaint targets Ethiopia exports, not Houston/45X. Worst case: Vietnam/Ethiopia shift to non-US mkts. Catalyst: Q2/H2'26 45X transfer filing. 7.6x TTM P/E.
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