HC Wainwright Analysts Decrease Earnings Estimates for TOYO

TOYO Co., Ltd. (NASDAQ:TOYO) – Stock analysts at HC Wainwright lowered their FY2026 earnings per share (EPS) estimates for TOYO in a report released on Tuesday, April 14th. HC Wainwright analyst A. Dayal now expects that the company will earn $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.

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

TOYO Stock Down 2.3%

TOYO stock opened at $11.75 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.31 and a current ratio of 0.58. The business has a 50-day moving average of $8.67 and a 200-day moving average of $7.41. TOYO has a 1 year low of $2.58 and a 1 year high of $12.88.

Hedge Funds Weigh In On TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC lifted its holdings in TOYO Co., Ltd. (NASDAQ:TOYO) by 17.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,250 shares of the company’s stock after purchasing an additional 4,250 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of TOYO worth $166,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.