TOYO Co., Ltd

TOYO Co., Ltd reported a significant financial turnaround for the three months ended March 31, 2026, with revenues soaring to $142.8 million and net income reaching $28.4 million, compared to a loss in the prior year. The company also saw a substantial increase in earnings per share to $0.75. Operationally, TOYO expanded its production capacity to 4GW in Ethiopia and commenced solar PV module manufacturing and sales in the United States, alongside initiating an At-The-Market (ATM) program to raise up to $30 million.