HC Wainwright Forecasts TOYO’s Q2 Earnings (NASDAQ:TOYO)

TOYO Co., Ltd. (NASDAQ:TOYO) – Analysts at HC Wainwright issued their Q2 2026 earnings per share estimates for TOYO in a research report issued to clients and investors on Monday, June 29th. HC Wainwright analyst A. Dayal expects that the company will earn $0.45 per share for the quarter. The consensus estimate for TOYO’s current full-year earnings is $2.23 per share. HC Wainwright also issued estimates for TOYO’s Q3 2026 earnings at $0.45 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $2.20 EPS.

TOYO (NASDAQ:TOYO) last issued its quarterly earnings results on Monday, May 18th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $142.77 million during the quarter, compared to analysts’ expectations of $202.90 million.

Several other analysts also recently weighed in on TOYO. 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 for the company. Weiss Ratings upgraded shares of TOYO from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of TOYO from a “hold” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.50.

TOYO Stock Performance

Shares of TOYO stock opened at $6.95 on Wednesday. The stock’s fifty day moving average is $12.67 and its two-hundred day moving average is $9.55. The company has a market capitalization of $262.50 million, a PE ratio of 9.27 and a beta of 1.31. The company has a quick ratio of 0.31, a current ratio of 0.68 and a debt-to-equity ratio of 0.24. TOYO has a 52 week low of $3.39 and a 52 week high of $17.43.

Hedge Funds Weigh In On TOYO

An institutional investor recently raised its stake in TOYO stock. Renaissance Technologies LLC increased its holdings in TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,250 shares of the company’s stock after acquiring an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of TOYO worth $166,000 as of its most recent SEC filing. Institutional investors own 84.61% of the company’s stock.

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.