H.C. Wainwright initiated coverage of Toyo (TOYO) with a Buy rating and $18 price target Toyo is a solar technology company with capabilities spanning solar cell manufacturing and integrated value-chain operations, the analyst tells investors in a research note. The firm says the company’s structure incorporates bifacial designs and large-format wafers to improve energy yields. It views Toyo as an “under-the-radar” solar play positioned for growth in the U.S.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TOYO:
- TOYO Co., Ltd. Secures U.S. Polysilicon Supply to Bolster American Solar Expansion
- Toyo signs sales contract with U.S. polysilicon manufacturer
- ELITe joint venture awards detailed engineering contract to Toyo
- TOYO Co., Ltd Approves Accounting Firm at 2025 AGM
- Toyo acquires remaining 24.99% interest in Toyo Solar