TOYO Co Ltd Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
60.3%projected annual EPS growth
Analyst Coverage
2analysts covering
FY EPS (est.)
$2.30next fiscal year
Monitoring Framework
Key Performance Indicators
Solar Cell Shipments Annually4.5BTarget: 5.5 GW to 5.8 GW
Solar Module Shipments AnnuallyTarget: 1.0 GW to 1.3 GW
Adjusted Net Income Annually65MTarget: $90 million to $100 million
Watch Items
- Working Capital Deficit and Going Concern StatusTrigger: Working capital deficit exceeding $97.1 millionAction: Monitor utilization of the $30 million ATM program, contract liabilities, bank credit lines, and financial support from parent/principal shareholder Abalance Corporation.
- U.S. Regulatory and Tariff InvestigationsTrigger: U.S. Commerce Department AD/CVD investigation outcomes on Ethiopian cell operationsAction: Assess supply chain adjustments, diversion of Vietnamese production to non-U.S. markets, and progress of the Houston HJT cell facility to achieve FEOC compliance.
- Houston HJT Solar Cell Facility Capital ExpenditureTrigger: Execution of the planned $357 million capital investmentAction: Track funding sources, potential equity dilution from "value-accretive equity financing," and construction milestones toward pilot production within 20 months.
Research as of 20 Jun 2026