Added to YB: 2026-08-28
Pitch date: 2026-08-26
TOYO [bullish]
TOYO Co., Ltd.
-5.06%
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
$199.5M
Pitch Price
$4.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.35
P/E
1.96
EV/Sales
0.38
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
$TOYO - solar producer trading at 1X 2028 FCF estimate
TOYO (update): TOYO trades at roughly 1x its still-intact 2028 FCF estimate despite near-term tariff uncertainty. Its planned $357M Texas HJT cell plant and shift to 100% U.S. polysilicon by Q4 2026 support a potential Commerce offset, which could preserve duty-free Ethiopian cell imports while U.S. module pricing gains protection. Key risks are H2 margin pressure if relief is denied and potentially harsher AD/CVD duties from the separate Ethiopian anti-circumvention investigation.
Read full article (3 min)