TOYO Joins Russell Indexes Following US Market Expansion

The addition to these benchmarks provides the Tokyo-based firm with increased visibility among institutional investors and index funds. With approximately $12.2 trillion in assets currently tied to FTSE Russell US indexes, the move grants TOYO access to a broader pool of capital as it pushes forward with its American production strategy.

Chief Executive Officer Takahiko Onozuka noted that the milestone aligns with the company’s ongoing infrastructure projects, specifically the Houston module facility. That site is slated to reach an annual capacity of 2GW within 2026. Simultaneously, the company is developing a 1.5GW HJT solar cell facility, aiming to establish a vertically integrated supply chain that spans from silicon wafers to finished photovoltaic modules.