Toyo reports 1H EPS 10c vs 48c last year

Reports 1H revenue $139.1M vs $138.1M last year. “Against a very turbulent environment for renewable energy and shifting tariff landscape, TOYO‘s (TOYO) team has pivoted our sourcing and production strategy,” said Junsei Ryu, Chairman and CEO of TOYO. “Our new solar cell facility in Ethiopia is now running at full 2GW capacity and is on track to reach 4GW full capacity by October 2025. This provides TOYO with a very attractive cost structure, state-of-the-art facility, abundant green power, and the lowest available tariff rates in a country with which the U.S. currently has a trade surplus.”