Core Viewpoint - TOYO Co., Ltd is advancing its solar solutions business by establishing a significant manufacturing presence in Ethiopia, which aligns with the country's industrial and environmental goals [1][2][3]. Company Developments - TOYO is constructing a 2 GW solar cell manufacturing plant in Ethiopia's Industrial Park Development Corporation (IPDC) industrial park, set to begin production by the end of March 2025, contributing to local economic development and job creation [2]. - The company has received positive feedback from Ethiopian officials regarding the supportive business environment and commitment to renewable energy, which enhances TOYO's operational efficiency and sustainability goals [4]. Industry Collaboration - The recent meeting between TOYO and Ethiopian officials emphasized the potential for collaboration in building a robust solar supply chain, leveraging TOYO's expertise in solar cell manufacturing [3]. - The partnership is expected to foster an environmentally conscious business environment and support Ethiopia's industrial infrastructure development [4]. Strategic Positioning - TOYO aims to become a full-service solar solutions provider, integrating various stages of the solar power supply chain, which positions the company competitively in the global market [5]. - The access to abundant green power in Ethiopia is highlighted as a key factor for customers concerned with the carbon footprint of their solar equipment [4].

Core Viewpoint - TOYO Co., Ltd has announced that its warrants will begin trading on the OTCQB under the ticker symbol TOYWF starting February 24, 2025, marking a significant milestone for the company and enhancing liquidity for investors [1][2]. Company Overview - TOYO is a solar solutions company aiming to become a full-service provider in the global market, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [2]. Market Impact - The trading of TOYO's warrants on OTC Markets is expected to provide greater access and flexibility for shareholders and attract a broader base of investors interested in the company's growth trajectory [2].

Company Overview - TOYO Co., Ltd is a solar solution company focused on becoming a reliable full-service solar solutions provider in the global market, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [5] Upcoming Conferences - TOYO will participate in several industry and investment conferences in February and March 2025, showcasing its commitment to engaging with investors and industry stakeholders [1] - The CG Sustainability Virtual Summit will feature a fireside chat with Simon Shi on February 26, 2025 [2] - The Jefferies Power, Utilities and Clean Energy Conference will include 1x1 meetings with Simon Shi and Raymond Chung on March 5, 2025 [3] - The 37th Annual ROTH Conference will also host 1x1 meetings with Simon Shi on March 17 and 18, 2025 [4] - A fireside chat with Simon Shi is scheduled for the Jefferies Virtual Cleantech and Utility Equipment Conference on March 28, 2025 [5]

Core Insights - TOYO Co., Ltd is actively participating in key energy industry events in February and March 2025, highlighting its commitment to solar solutions [1][5] Event Participation - **Smart Energy Week** - Date: February 19-21, 2025 - Location: Tokyo Big Sight, Japan, Booth S31-40 - Focus: Networking and sharing expertise in various energy technologies including solar power, rechargeable batteries, and smart grids [2] - **InterSolar San Diego** - Date: February 25-27, 2025 - Location: San Diego Convention Center, Booth 1251 - Focus: Premier conference and trade show for solar, energy storage, and EV charging infrastructure [3] - **European Energy Supply Chain Summit** - Date: March 12, 2025, 12:40pm to 13:20pm - Location: Estrel Hotel Berlin - Focus: Discussion on critical challenges and opportunities in the energy transition, featuring industry leaders [4] Company Commitment - The CEO of TOYO emphasized the company's dedication to providing high-quality, affordable, and sustainable solar solutions, and fostering collaboration for a resilient energy future in Europe [5] Company Overview - TOYO is positioned as a full-service solar solutions provider, integrating various stages of the solar power supply chain, from upstream production of wafers to downstream photovoltaic modules [6]

Core Insights - TOYO Co., Ltd's subsidiary, Toyo Solar Company Limited, has achieved TÜV SÜD and CSA certifications, highlighting its commitment to quality, safety, and environmental sustainability in photovoltaic module production [1][3][4] Group 1: Certifications - TÜV SÜD certification indicates TOYO's adherence to international safety, quality, and performance standards [2] - CSA certification is crucial for accessing North American markets and ensures the safety of PV modules in diverse geographical conditions [3] Group 2: Company Strategy and Future Plans - The certifications are part of TOYO's preparation for a 2.5 GW solar module expansion in the U.S., reinforcing its reputation in the renewable energy sector [4] - TOYO aims to become a reliable integrated solar solutions provider, covering the entire solar power supply chain from upstream production of wafers to downstream photovoltaic modules [5]

Core Viewpoint - TOYO Co., Ltd has secured a $150 million contract to supply high-efficiency solar cells to a major solar module manufacturer, highlighting its commitment to sustainable energy and the transition to renewable resources [1][2]. Group 1: Contract Details - The agreement involves the delivery of advanced solar cells to support the customer's solar module production in India and the U.S. [2] - TOYO will utilize its manufacturing capabilities in Vietnam and Ethiopia to produce high-quality solar cells that improve the efficiency and performance of solar modules [2]. Group 2: Company Positioning - The CEO of TOYO, Mr. Junsei Ryu, emphasized that this contract positions TOYO as a key supplier in the solar energy market, aiming to help customers achieve their sustainability goals [3]. - The contract is expected to enhance TOYO's production capacity and strengthen its market position [3]. Group 3: Company Overview - TOYO is focused on becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [4]. - The company is well-positioned to produce high-quality solar cells at competitive scales and costs [4].

Core Points - TOYO Co., Ltd will participate in two Clean Energy conferences in New York City on December 4th and 5th, 2024 [1] - The company's Chairman and CEO, Mr. Junsei Ryu, and President, Mr. Simon Shi, will be available for one-on-one meetings with institutional investors at these conferences [1] Conference Details - Jefferies Renewables & Clean Energy Conference will feature a fireside chat with Simon Shi on December 4th from 2:45 p.m. to 3:25 p.m. at Jefferies Conference Center [2] - The BofA Securities Clean Energy Symposium 2024 will include a panel discussion titled "Solar Panels: Made in America," moderated by Dimple Gosai, with Simon Shi on December 5th from 9:30 a.m. to 10:10 a.m. at Bank of America Tower [2] Company Overview - TOYO is committed to becoming a reliable full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [3] - The company is positioned to produce high-quality solar cells at a competitive scale and cost [3]

Core Viewpoint - TOYO Co., Ltd has announced the acquisition of Solar Plus Technology Texas LLC to accelerate its plans for manufacturing solar modules in the U.S., with an initial capacity of 2.5 gigawatts [1][2][3]. Group 1: Acquisition Details - TOYO will acquire 100% of the membership interests in Solar Plus, located in the Houston metropolitan area [1][3]. - The acquisition is part of TOYO's strategy to establish a manufacturing footprint in the U.S., complementing its existing operations in Vietnam and Ethiopia [3][4]. - TOYO Holdings LLC will contribute $19.96 million to TOYO Solar LLC for the Phase 1 construction of the manufacturing site [3]. Group 2: Facility and Production Plans - The newly leased facility spans 567,140 square feet and is designed to accommodate 2.5 GW of solar module manufacturing capacity, with plans to expand to 6.5 GW by 2029 [2]. - The first 1 GW production is expected to commence by mid-2025, with an increase to 2.5 GW anticipated by the end of 2025 [2]. - The facility aims to meet the growing demand for American-made solar panels and contribute to sustainable energy solutions [2][4]. Group 3: Strategic Impact - The acquisition aligns with TOYO's mission to be closer to its U.S. clients and to address the demand for secure and sustainable energy solutions [2][4]. - The company aims to leverage its manufacturing excellence and established customer relationships to enhance its competitive advantage in the U.S. market [4]. - TOYO is committed to building a robust global solar supply chain that efficiently serves the U.S. market [3][4].

TOKYO, Nov. 18, 2024 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) ("TOYO" or the "Company"), a solar solution company, today provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting the Company's ongoing commitment to growth and innovation in the renewable energy sector.  2024 Performance Updates: Projected Shipments: Cell shipments are expected to reach 1.7-1.8 GW in 2024, representing a slight decrease from the previously an ...