HC Wainwright Has Negative Outlook for TOYO Q3 Earnings

TOYO Co., Ltd. (NASDAQ:TOYO) – Equities researchers at HC Wainwright decreased their Q3 2026 earnings estimates for TOYO in a research report issued to clients and investors on Thursday, August 20th. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.45. The consensus estimate for TOYO’s current full-year earnings is $1.98 per share. HC Wainwright also issued estimates for TOYO’s Q4 2026 earnings at $0.24 EPS, FY2026 earnings at $1.56 EPS and FY2027 earnings at $3.26 EPS.

A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded TOYO from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded TOYO from a “strong-buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research raised TOYO from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, TOYO presently has an average rating of “Moderate Buy” and an average target price of $16.50.

TOYO Stock Performance

Shares of TOYO stock opened at $4.38 on Monday. The business has a 50-day moving average price of $6.49 and a two-hundred day moving average price of $9.27. TOYO has a 1-year low of $4.26 and a 1-year high of $17.43. The company has a current ratio of 1.12, a quick ratio of 0.58 and a debt-to-equity ratio of 0.16. The company has a market cap of $165.43 million, a P/E ratio of 5.84 and a beta of 1.45.

TOYO (NASDAQ:TOYO) last released its earnings results on Wednesday, August 19th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $118.18 million for the quarter, compared to analyst estimates of $192.57 million.

Hedge Funds Weigh In On TOYO

A hedge fund recently raised its stake in TOYO stock. Renaissance Technologies LLC increased its position in TOYO Co., Ltd. (NASDAQ:TOYO) by 62.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company’s stock after buying an additional 17,750 shares during the period. Renaissance Technologies LLC owned 0.12% of TOYO worth $337,000 at the end of the most recent reporting period. 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.