TOYO Forecasts Positive H2 2026 EBITDA Amid US Trade Uncertainty
Tokyo – – September 28, 2026 -- TOYO Co., Ltd. (Nasdaq: TOYO; OTC: TOYWF) said it expects positive EBITDA for the second half of 2026 despite withholding specific revenue and net income guidance due to unresolved U.S. trade actions affecting its solar cell shipments.
Unresolved US Customs Probe Clouds Financial Visibility
The Tokyo-based solar manufacturer cited a pending U.S. Customs and Border Protection examination of its solar cell shipments as a key source of uncertainty for its second-half performance. TOYO said it will not issue quarterly guidance or specific financial metrics until greater regulatory clarity emerges.
Countervailing Duty Investigation Adds to Policy Risk
Active countervailing duty investigation proceedings compound the regulatory overhang facing the company, according to the statement. TOYO did not disclose a timeline for resolution of either the CBP examination or the CVD case.