TOYO CO. LTD

Toyo welcomes the proclamation issued by President Trump under Section 232 on polysilicon and solar imports and intends to use the resulting incentives to boost domestic production. The Japanese solar company operates a 2 GW module factory in Houston and plans a USD 357 million investment in a heterojunction cell facility on its Texas campus. Toyo plans to gradually build a U.S. solar supply chain from polysilicon to wafers, cells and modules and to discuss integrated manufacturing plans with the U.S. Department of Commerce. The company notes risks such as the final terms of the proclamation, availability of financing and construction execution. » More on de.investing.com

TOYO has appointed Yasunari Harada as chief financial officer and director with immediate effect. Harada brings more than 30 years of senior experience in investment banking, including roles at Morgan Stanley, BNP Paribas and Société Générale. He succeeds Taewoo "Raymond" Chung, who resigned, and is expected to strengthen TOYO's financial strategy, investor relations and institutional presence. According to data, the company is considered undervalued but faces short-term liquidity pressures that will require careful financial management. » More on de.investing.com

TOYO has named Rhone Resch to the newly created chief strategy officer role; the position reports directly to the CEO and will lead the global growth strategy with a focus on expanding manufacturing and accelerating expansion in the US. Resch brings more than 20 years of experience in the solar industry, most recently as president and CEO of the Solar Energy Industries Association and as founder and leader of several US solar companies. TOYO has a market capitalization of $298 million, the stock gained 153% last year, and analysts expect strong revenue growth in 2025. » More on de.investing.com