TOYO Co., Ltd Updates on 2024 Performance, Announces Preliminary Guidance for 2025
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TOYO Co., Ltd, a solar solution company, updated its 2024 performance expectations and provided preliminary guidance for 2025. The company projects cell shipments of 1.7-1.8 GW for 2024, slightly below the previous target due to U.S. trade investigations, with an expected net income of $10 million.
November 18, 2024 | 1:15 pm
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TOYO Co., Ltd projects lower 2024 cell shipments due to U.S. trade investigations, impacting its revenue target. The company expects a net income of $10 million.
TOYO's projected shipments for 2024 are lower than previously targeted due to U.S. trade investigations, which could negatively impact revenue. However, the company still expects a net income of $10 million, indicating some resilience.
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