TOYO stock forecast, quote, news & analysis
Toyo Co Ltd, along with its subsidiaries, is engaged in research and development, production, and sales of solar cells and solar modules and related businesses... Show more
Why TOYO Co., Ltd. (TOYO) Stock Is Up +18% in the Last 30 Days
Key Takeaways
- TOYO Co., Ltd. shares rose roughly 18% over the trailing 30-day period, rebounding from about $4.38 to a close near $5.18.
- The rally was anchored by news that U.S. Customs and Border Protection cleared detained solar shipments, plus a well-received Analyst Day and Texas facility ribbon-cutting.
- First-half 2026 results showed strong momentum, with revenue up 87.6% year over year to $261 million and net income of $45.8 million.
- Over the trailing quarter, the stock has been volatile and is roughly flat to modestly lower on a net basis, despite the recent recovery.
- Key swing factors include U.S. trade policy, the Section 232 tariff framework, the planned Texas heterojunction (HJT) expansion, and analyst rating updates.
- Investors can explore additional Price Targets, Earnings, and Forecast pages for deeper data on TOYO.
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TOYO Co., Ltd. (TOYO) Company Overview and Market Position
TOYO Co., Ltd. is a solar manufacturing company headquartered in Tokyo, Japan, that designs and produces solar cells, modules, and related products. The company was founded in 2022 as a carve-out from VSUN, a subsidiary of Japanese renewable energy provider Abalance, and began trading on Nasdaq in July 2024 following a business combination. TOYO is pursuing a vertically integrated solar supply chain, spanning silicon and wafer sourcing, solar cell production, and photovoltaic module assembly.
The company's manufacturing footprint includes roughly 2 GW of solar cell capacity in Vietnam for non-U.S. markets, 4 GW of cell capacity in Hawassa, Ethiopia serving U.S. customers, and about 2 GW of module capacity at its Houston-area facility in Humble, Texas. TOYO emphasizes a non-FEOC (Foreign Entity of Concern) supply chain and reported sourcing approximately 70% of its Ethiopian polysilicon from U.S. producers. Its September 2025 acquisition of the VSUN brand expanded access to U.S. utility-scale developers. Investors follow the stock for its exposure to U.S. solar manufacturing reshoring, domestic content incentives, and rapid revenue growth.
TOYO Co., Ltd. (TOYO) Stock Price Performance: Last 30 Days vs. Quarter
Over the trailing 30-day window, TOYO shares advanced approximately 18%, climbing from a closing level near $4.38 to roughly $5.18. The move was not linear: the stock drifted to a multi-month low near $3.81 in late October before surging more than 20% in a single session following customs clearance news, then extending gains into early November.
The trailing-quarter picture is more mixed. Three months earlier, shares traded around $5.46, meaning the stock is roughly 5% lower on a net basis despite the sharp recent recovery. The quarter was marked by pronounced volatility, including a peak near $6.07 in mid-August and a sharp mid-August selloff, followed by a prolonged decline into late October and the current rebound. This pattern reflects shifting sentiment around trade compliance, financing, and near-term shipment timing rather than a steady directional trend.
What Drove TOYO Stock Price in the Last 30 Days
The single largest catalyst was the late-October disclosure that U.S. Customs and Border Protection (CBP) had cleared detained solar shipments following a supply-chain documentation review. Because the United States accounted for roughly 80% of TOYO's first-half revenue, resolving customs admissibility concerns reduced a key overhang on near-term deliveries and working capital, triggering a single-day rally of about 23%.
Earlier in the period, TOYO's October 6 Analyst Day and ribbon-cutting in Humble, Texas reinforced the growth narrative. Management announced completion of the second module line, bringing Texas module capacity to 2 GW, and detailed plans for a $357 million, 1.5 GW HJT solar cell facility targeting pilot production in early 2028. The company also reported first-half results showing revenue of $261 million, up 87.6% year over year, with a 32.5% gross margin and $61.4 million of operating cash flow.
Analyst commentary provided additional support. H.C. Wainwright reiterated a Buy rating with an $18 price target, while Roth MKM maintained a Buy with a $10 target, leaving a consensus near a Moderate Buy rating and an average price target around $14. Investor optimism around the Section 232 framework, which sets minimum import prices on certain polysilicon-derived products effective December 4, 2026, further supported the recovery thesis.
What Drove TOYO Stock Performance Over the Last Quarter
The broader quarterly narrative has been shaped by trade policy and execution uncertainty. In August, management disclosed that CBP had detained certain shipments while requesting extensive documentation, and the company suspended specific second-half guidance amid regulatory uncertainty. A mid-August decline also reflected a second-quarter earnings miss relative to Wall Street expectations and concerns about financing for the Texas expansion.
At the same time, TOYO positioned itself to benefit from a tightening U.S. import regime. The Section 232 proclamation raised minimum import prices for covered solar products and created an investment-linked reshoring mechanism that could offset new tariffs for qualifying domestic manufacturers. TOYO's reliance on U.S.-sourced polysilicon and its U.S. capital investment program place it among the companies potentially well positioned under that framework. The quarter's recovery therefore reflects a shift from compliance-driven de-rating toward renewed optimism about domestic manufacturing economics.
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TOYO Stock Forecast Drivers: What Investors Should Watch Next
Several factors will influence TOYO's outlook in the months ahead. The most immediate is the implementation of the Section 232 minimum import price framework on December 4, 2026, and the outcome of TOYO's negotiations with the Commerce Department over an investment-linked tariff relief program. Investors will also monitor progress on the Department of Commerce anti-circumvention investigation concerning Ethiopian solar products, which remains unresolved despite the CBP clearance.
Financing for the $357 million Texas HJT facility is another key variable. Management has outlined anticipated Section 45X manufacturing credits, debt financing, and operating cash flow, but definitive debt agreements had not been signed as of the company's latest disclosures. Upcoming quarterly results, shipment volumes, gross margin sustainability, and any restoration of formal financial guidance will be closely watched, as will broader solar demand and U.S. trade policy developments.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
TOYO in upward trend: 10-day moving average crossed above 50-day moving average on November 04, 2026
The 10-day moving average for TOYO crossed bullishly above the 50-day moving average on November 04, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 3 of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 29, 2026. You may want to consider a long position or call options on TOYO as a result. In 40 of 45 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.
The Moving Average Convergence Divergence (MACD) for TOYO just turned positive on October 29, 2026. Looking at past instances where TOYO's MACD turned positive, the stock continued to rise in 15 of 19 cases over the following month. The odds of a continued upward trend are 79%.
TOYO moved above its 50-day moving average on October 29, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +9.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where TOYO advanced for three days, in 113 of 136 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TOYO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
TOYO broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for TOYO entered a downward trend on October 28, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 19 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 25 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.010) is normal, around the industry mean (2.627). P/E Ratio (2.185) is within average values for comparable stocks, (5.990). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.699). Dividend Yield (0.000) settles around the average of (0.046) among similar stocks. P/S Ratio (0.250) is also within normal values, averaging (5.133).
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. TOYO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 96 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TOYO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 98, placing this stock worse than average.
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