Toyo Co Ltd

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TOYO Co. Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.

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 Commission Expected Net Income: The Company expects to achieve net income of approximately $10 million in 2024.

TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025

Japan's TOYO Co. Ltd on Monday said it will build a 2 gigawatt solar cell factory in Ethiopia that will provide duty-free components to a panel factory it is planning in the United States.

Japan's Toyo to produce solar cells in Ethiopia for US plant

TOKYO , Oct. 14, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, is excited to announce its plan to establish a state-of-the-art solar cell manufacturing facility with an expected annual capacity of 2 gigawatts (GW). The Company has signed a lease agreement for the new facility that is strategically located in Hawassa, Ethiopia, taking advantage of the country's favorable investment policies, tariff status, and ample hydropower supply.

TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in Ethiopia

TOKYO , Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President. With a deep understanding of strategic investments in the renewable energy sector, Liang "Simon" Shi is poised to steer TOYO toward continued growth and industry leadership.

TOYO Co., Ltd Announces Appointment of Liang "Simon" Shi as President

TOKYO , Oct. 1, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its participation in the Renewable Energy India (REI) Expo 2024, taking place from October 3 to 5, 2024, at the India Expo Centre in Greater Noida. This year's expo is expected to attract over 50,000 visitors and 800 exhibitors, showcasing the latest advancements in renewable energy technologies.

TOYO Co., Ltd to Exhibit at Renewable Energy India Expo 2024

TOKYO , Sept. 6, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced that it will host investor meetings at the 26th Annual H.C.

TOYO Co., Ltd to Present at the H.C. Wainwright 26th Annual Global Investment Conference

TOKYO , Aug. 21, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the six months ended June 30, 2024. First Six Months of 2024 Highlights Revenues of $138.1 million versus $0 revenues in the first half of 2023 Gross Margin of 19.3% Net income of $19.6 million versus a loss of $1.9 million in the first half of 2023 985 MW shipped "We are pleased with our financial and operational achievements in the first half of 2024, highlighting our team's outstanding execution capabilities," said Junsei Ryu, Chairman and CEO of TOYO.

TOYO Co., Ltd Announces First Half 2024 Unaudited Financial Results

TOKYO , Aug. 20, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today announced the Company will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Thursday August 22, 2024.  "We are excited and honored to ring the bell to commemorate our recent listing," said Mr.

TOYO Co., Ltd to Ring the Nasdaq Closing Bell on Thursday, August 22, 2024

NEW YORK , Aug. 15, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ: TOYO) a solar solution company, today announced it will host a conference call to discuss first half 2024 results on Wednesday, August 21, 2024. Conference Call Details are as follows: Date: Wednesday, August 21, 2024 Time: 9:30 AM ET Live Webcast: https://events.q4inc.com/attendee/398434630 The first half 2024 earnings release and related investor deck will be available on the investor relations website prior to the event.

TOYO Co., Ltd to Report Unaudited First Half 2024 Financial Results on August 21, 2024

Nidec Corp

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has received a ruling in favor of the Company in the action that it instituted against Toyo Keizai Inc. (head office: 1-2-1 Nihonbashi, Hongokucho, Chuo-ku, Tokyo) and concerned individuals to the Tokyo District Court on October 24, 2022, demanding damages based on the defamation by the aforementioned parties. In its ruling, the Tokyo District Court, citing, among oth.

Nidec Announces its Win of Damages Case against Toyo Keizai Inc.

Toyo (NASDAQ: TOYO ) stock is taking off on Friday alongside heavy pre-market trading of the solar solution company's shares. That has more than 13.6 million shares of TOYO stock changing hands as of this writing.

Why Is Toyo (TOYO) Stock Up 119% Today?

Blue World Acquisition Corp

Ordinary Shares of TOYO Co., Ltd to Trade on Nasdaq under the Ticker Symbol "TOYO" NEW YORK , July 2, 2024 /PRNewswire/ -- TOYO Co., Ltd ("TOYO" or the "Company"), a solar solution company, and Blue World Acquisition Corporation ("Blue World") (NASDAQ: BWAQ) today announced the completion of the previously announced business combination (the "Business Combination") between Vietnam Sunergy Cell Company Limited, a wholly-owned subsidiary of TOYO, and Blue World. The listed company following the Business Combination is TOYO Co., Ltd.

TOYO Co., Ltd Announces Consummation of Business Combination and Debut on Nasdaq

News for Toyo Co Ltd Stock (TOYO)