TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025 [Yahoo! Finance]
TOYO Co., Ltd - Ordinary Shares (TOYO)
Company Research
Source: Yahoo! Finance
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. 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 Commission Expected 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 customers and new capacity from the Company's 2 GW cell manufacturing facility in Ethiopia Expected Net Income: The Company forecasts net incom
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TOYO
News
- TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025PR Newswire
- 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