Toyo shares rise 60% on $150 mln solar cells contract

TOYO Co.,

26/11/2024 16:38

** Japanese solar solution company Toyo's  TOYO.O  shares
jump 60% to $4.66 with strong volumes
    ** Nasdaq-listed company secures $150 mln contract to supply
solar cells to an unnamed solar module maker
    ** Under agreement, Toyo will deliver solar cells for its
customer's solar module plants in India and the U.S.
    ** Since listing in 2022, Toyo experienced second-highest
daily trading volumes on Tuesday
    ** Shares are down 56.4% YTD, including Tuesday's gains
    
    
    

 (Reporting by Vedant Vinayak Vichare in Bengaluru)
 ((vedant.vinayakvichare@thomsonreuters.com))