TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025
TOYO Co., Ltd - Ordinary Shares (TOYO)
Company Research
Source: PR Newswire
TOKYO, Nov. 18, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting the Company's ongoing commitment to growth and innovation in the renewable energy sector. 2024 Performance Updates:Projected Shipments: Cell shipments are expected to reach 1.7-1.8 GW in 2024, representing a slight decrease from the previously announced 1.9 GW annual target, mainly due to reduced delivery to U.S customers affected by anti-dumping and countervailing duty investigations by the U.S. Department of Commerce and International Trade CommissionExpected Net Income: The Company expects to achieve net income of approximately $10 million in 2024.2025 Financial Guidance:Projected Shipments: For the full year 2025, TOYO anticipates solar cell shipments to reach 3.5 GW, fueled by robust demand from utility-scale end custom
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News
- TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025 [Yahoo! Finance]Yahoo! Finance
- TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in EthiopiaPR Newswire
- TOYO Co., Ltd Announces Appointment of Liang "Simon" Shi as PresidentPR Newswire
- TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024 [Yahoo! Finance]Yahoo! Finance
- TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024PR Newswire
TOYO
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form SC
- 10/15/24 - Form 6-K
- TOYO's page on the SEC website