| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 98 | 2.3x | 17.6x | Top tier | |
Growth | 99 | 236.7% | 7.1% | Top tier | |
Quality | 67 | 46.6% | 4.5% | Top tier | |
Safety | 59 | — | 2.6x | Around median | |
Capital Return | 85 | — | 2.15% | Top tier | |
Momentum | 16 | -1.8% | 2.3% | Bottom tier | |
Sentiment | 54 | 2 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
TOYO Co., Ltd. is a major provider of solar energy solutions, specializing in the manufacturing of high-efficiency solar cells and modules to meet the growing demand driven by the energy transition and AI data center needs. The company generates its revenue through the production and sale of these critical components, with a strong strategic focus on the U.S. market where it operates a massive manufacturing facility in Houston, Texas. The company aims to establish its position as a vertically integrated domestic producer in the United States, allowing it to meet the accelerating demand for modules compliant with domestic production standards and national energy security goals.
The first quarter of fiscal year 2026 marked a fundamental turning point in the company's financial performance, as it recorded record revenues of $142.8 million, representing a 177% increase compared to $51.5 million in the same quarter of the previous year. The company's gross profit margin multiplied to reach 33.5%, up from 9.3%, resulting in a gross profit of $47.8 million driven by increased shipping volumes and the full operation of expanded manufacturing capacities. The company also pivoted strongly toward profitability, recording a net income of $28.4 million, or $0.75 per share, compared to a net loss of $3.7 million in the first quarter of 2025.
Automated analysis for informational purposes only — not investment advice.
The company's shares currently trade at a market capitalization of $241.8 million, a level significantly below the consensus analyst price target of $18.00 per share. Considering the stock's 52-week price range of $4.41 to $17.43, the current valuation reflects a substantial discount compared to positive market expectations. This indicates a highly attractive forward price-to-earnings multiple, especially given management's guidance of achieving an adjusted net income between $90 million and $100 million for fiscal year 2026.
Figures in the text are as of 2026-08-14; the live price is shown at the top of the page.
The company is actively expanding its solar module production at its 567,000 square foot facility in Houston, Texas. The company plans to double its module production capacity from the current 1 GW to 2 GW by the third quarter of 2026. Additionally, the company is finalizing plans to build a 1.5 GW solar cell manufacturing line at the same site, which will establish it as a vertically integrated domestic producer.
No, management has taken a conservative approach and explicitly excluded Section 45X advanced manufacturing tax credits from its fiscal year 2026 guidance. Management clarified during the first-quarter earnings call that it is currently undergoing rigorous audits for 2025 production to ensure full compliance. Consequently, any future realization of these credits would represent a pure upside addition to the projected adjusted net income of $90 million to $100 million.
The company's gross profit margin nearly quadrupled, rising from 9.3% in the first quarter of 2025 to 33.5% in the first quarter of 2026, resulting in a gross profit of $47.8 million. This structural improvement is primarily attributed to the full operation of expanded manufacturing capacities and a significant surge in solar cell and module shipping volumes. Furthermore, disciplined operating cost management and improved production efficiency across the supply chain contributed to supporting this margin expansion.
The company strategically segments its manufacturing output to efficiently serve different global markets while mitigating trade and geopolitical risks. For example, the production from the solar cell plant in Vietnam is entirely directed to serve non-U.S. markets. In contrast, the company expects over 75% of its total business volume to come from customers in the United States, who will be supplied directly from the Houston facility to ensure compliance with domestic sourcing requirements.
