FY2025 Earnings Forecast for TOYO Issued By HC Wainwright

TOYO Co., Ltd. (NASDAQ:TOYO) – Equities researchers at HC Wainwright issued their FY2025 earnings estimates for shares of TOYO in a note issued to investors on Thursday, January 15th. HC Wainwright analyst A. Dayal anticipates that the company will post earnings of $0.78 per share for the year. HC Wainwright currently has a “Buy” rating and a $18.00 price target on the stock. HC Wainwright also issued estimates for TOYO’s FY2026 earnings at $2.13 EPS and FY2027 earnings at $3.61 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Research upgraded shares of TOYO to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of TOYO in a report on Wednesday, October 8th. Finally, Wall Street Zen raised TOYO to a “hold” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, TOYO presently has a consensus rating of “Hold” and a consensus target price of $18.00.

TOYO Stock Performance

Shares of TOYO stock opened at $6.80 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 0.49. TOYO has a 52 week low of $2.57 and a 52 week high of $8.39. The firm’s 50-day simple moving average is $6.32 and its two-hundred day simple moving average is $5.89.

TOYO Company Profile

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.