TOYO (TOYO)
Builds solar cells and photovoltaic modules across a geographically distributed supply chain.
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Manufactures solar cells and photovoltaic modules while pursuing an integrated supply chain from silicon wafers to modules. Cell production is in Vietnam and Ethiopia, with module manufacturing in the United States.
Manufactures solar cells and photovoltaic modules for the global market while pursuing a supply chain that spans silicon wafers, cells, and modules across successive production stages.
Commercial cell operations are in Vietnam and Ethiopia, while a U.S. operation manufactures modules. This footprint connects separate manufacturing stages across regions. Its stated operating approach combines engineering, research and development, sales, and manufacturing to support rapid improvement and quality.
A further U.S. cell facility has been announced as a planned project. Execution depends on permitting, regulatory compliance, financing, and delivery of the project plan.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $110.0M · Total debt $63.2M · Total assets $537.6M · Shareholders' equity $209.8M
- Revenue
- $118.2M
- Operating income
- $22.6M
- Net income
- $17.4M
No dividends on record.
| Institutions | 11.40% | 4.87M shares | |
|---|---|---|---|
| 58 holders · as of Jun 30, 2026 | |||
| Insiders | 93.58% | 39.98M shares | |
| 9 holders · as of Jul 17, 2026 | |||
| Strategic holders | 31.93% | 13.64M shares | |
| 2 holders · as of Nov 14, 2025 | |||
| Adds to | 136.91% | ||
42.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 136.91%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Junsei RyuInsider | 90.59% | 38.70M | filed Nov 14, 2024 |
BestToYo Technology Company LimitedStrategic | 24.28% | 10.37M | filed Nov 14, 2025 |
N.A.Global. Co. Ltd.Strategic | 7.65% | 3.27M | filed Jun 27, 2025 |
Yasunai HaradaInsiderdirector, officer: Chief Financial Officer | 2.48% | 1.06M | filed Jul 17, 2026 |
Heights Capital Management, IncInstitution | 2.32% | 989,231 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Canadian Solar
Texas modules and Indiana HJT cells in the U.S. solar supply chain
- First Solar
U.S. thin-film PV modules for utility-scale power generation
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TOYO | $4.48 | +0.11% | $191.0M | 1.9 | 1.8 | 0.3 | +69.9% |
| Canadian Solar | $11.62 | −1.27% | $799.1M | — | — | 0.2 | −28.7% |
| First Solar | $200.96 | +0.12% | $21.48B | 12.3 | 9.4 | 4.0 | −3.7% |
| Median | 12.3 | 9.4 | 2.1 | −16.2% |