TOYO (NASDAQ:TOYO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TOYO (NASDAQ:TOYO) from a hold rating to a strong-buy rating in a research report report published on Saturday.

A number of other equities research analysts also recently weighed in on TOYO. Weiss Ratings reissued a “hold (c)” rating on shares of TOYO in a research report on Wednesday, January 21st. HC Wainwright started coverage on TOYO in a research report on Thursday, January 15th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Research raised TOYO to a “hold” rating in a research report on Friday, January 16th. Finally, Roth Mkm started coverage on TOYO in a research report on Thursday, April 2nd. They set a “buy” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TOYO has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

TOYO Price Performance

TOYO stock opened at $10.03 on Friday. TOYO has a twelve month low of $2.57 and a twelve month high of $10.98. The business’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $7.17.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC raised its holdings in shares of TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,250 shares of the company’s stock after acquiring an additional 4,250 shares during the period. Renaissance Technologies LLC owned approximately 0.07% of TOYO worth $166,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 84.61% of the company’s stock.

About TOYO

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.