HC Wainwright Estimates TOYO’s FY2026 Earnings (NASDAQ:TOYO)

TOYO Co., Ltd. (NASDAQ:TOYO) – Research analysts at HC Wainwright reduced their FY2026 earnings per share (EPS) estimates for shares of TOYO in a report released on Tuesday, April 14th. HC Wainwright analyst A. Dayal now expects that the company will post earnings of $2.06 per share for the year, down from their previous estimate of $2.13. HC Wainwright has a “Buy” rating and a $18.00 price objective on the stock. HC Wainwright also issued estimates for TOYO’s FY2027 earnings at $3.49 EPS.

A number of other equities analysts have also recently weighed in on TOYO. Wall Street Zen raised shares of TOYO from a “hold” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Zacks Research raised shares of TOYO to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TOYO in a research note on Wednesday, January 21st. Finally, Roth Mkm started coverage on TOYO in a report on Thursday, April 2nd. They issued a “buy” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

TOYO Stock Up 3.4%

NASDAQ:TOYO opened at $12.03 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.58 and a debt-to-equity ratio of 0.31. TOYO has a fifty-two week low of $2.58 and a fifty-two week high of $12.14. The firm’s fifty day simple moving average is $8.64 and its 200-day simple moving average is $7.38.

Institutional Investors Weigh In On TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC boosted its holdings in TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,250 shares of the company’s stock after acquiring an additional 4,250 shares during the period. Renaissance Technologies LLC owned 0.07% of TOYO worth $166,000 as of its most recent filing with the Securities and Exchange Commission. 84.61% of the stock is owned by institutional investors.

About TOYO

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.