Toro Corp. Expands Fleet with MR Tanker Acquisition

Toro Corp. ( (TORO) ) has issued an announcement.

On June 11, 2025, Toro Corp. announced an agreement to acquire a 2021-built MR tanker vessel for $36.25 million, expected to be funded with cash on hand. The acquisition, anticipated to be completed by Q2-Q3 2025, will expand Toro’s fleet to include four LPG carriers and one MR tanker vessel, enhancing its capacity in the global energy transportation sector.

Spark’s Take on TORO Stock

According to Spark, TipRanks’ AI Analyst, TORO is a Neutral.

Toro Corp.’s stock score reflects the company’s strong equity position and undervaluation, juxtaposed against significant operational and financial challenges. The stock’s technical indicators show positive momentum, which could attract short-term investor interest. However, the uncertain financial outlook and cash flow inefficiencies pose risks that investors should be wary of.

To see Spark’s full report on TORO stock, click here.

More about Toro Corp.

Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels. The company, incorporated under the laws of the Republic of the Marshall Islands, focuses on transporting petrochemical gases and refined petroleum products worldwide. Its common shares trade on the Nasdaq Capital Market under the symbol ‘TORO’.

Average Trading Volume: 39,300

Technical Sentiment Signal: Hold

Find detailed analytics on TORO stock on TipRanks’ Stock Analysis page.