• Toyo investor deck outlined a scaled, non-FEOC solar manufacturing platform spanning U.S. module assembly, Ethiopia and Vietnam solar cell production.
• Q1 2026 revenue totaled $142.8 million; global solar cell shipments reached 1 GW.
• U.S. module capacity in Houston is targeted at 2 GW by 2026, with 1 GW operating; commercial operations started in October 2025.
• Cell capacity totals 6 GW, split between 4 GW in Ethiopia and 2 GW in Vietnam; Ethiopia capacity is substantially allocated through end-2026.
• Presentation highlighted Section 45X credits of $0.07/W for modules, $0.04/W for cells; U.S. cell facility remains in planning.

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