Roth Capital initiated coverage of Toyo with a Buy rating and $15 price target. As a non-Chinese solar manufacturer offering scale and technology, Toyo provides a potentially viable alternative for U.S. customers, the analyst tells investors in a research note. Roth says its \"non-legal assessment\" suggests Toyo is currently not a Foreign Entity of Concern. The company is positioned to \"help bridge the insufficient supply\" of non-FEOC, cost-effective cells for the U.S. market, it contends.
