We recently compiled a list of the 10 Best Cheap Stocks Under $10 to Buy in April. TOYO Co., Ltd. is among the best cheap stocks to buy on this list.
On March 31, TOYO released its financial results for the second half and full year ended December 31, 2025. The company reported full-year revenue of $427.4 million, surpassing prior guidance, which was driven by strong solar cell shipments of 4.5 GW, supported by the Ethiopia 4 GW facility operating at full capacity. Solar module deliveries reached 249 MW.
According to the reports, the business’s Non-GAAP adjusted net income surged to $52.2 million, a 769% increase from 2024, while EBITDA reached $95.8 million. Second-half revenue was approximately $288.3 million, with net income of $34.7 million. TOYO enters 2026 with projected solar cell shipments of 5.5–5.8 GW and adjusted net income of $90–100 million, underpinned by continued operational scale, policy-compliant technology, and a strengthened domestic and international supply chain.
Similarly, on the same day, TOYO Co., Ltd. (NASDAQ:TOYO) also announced that it appointed Rhone Resch as its new Chief Strategy Officer, a role reporting directly to the CEO. Resch will oversee global growth initiatives, focusing on expanding manufacturing, accelerating U.S. market presence, and strengthening strategic partnerships across the solar industry.
TOYO Co., Ltd. is a Japan‑based solar technology company that designs, manufactures, and sells silicon wafers, solar cells, and photovoltaic modules, serving global renewable energy markets with vertically integrated clean energy solutions.
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