Date | Price Target | Rating | Analyst |
---|---|---|---|
2/27/2024 | $5.00 | Buy | H.C. Wainwright |
11/9/2023 | $11.00 → $2.50 | Buy → Neutral | ROTH MKM |
6/20/2023 | $21.00 | Buy | ROTH MKM |
6/20/2023 | $28.00 | Buy | Craig Hallum |
SC TO-I/A - TIGO ENERGY, INC. (0001855447) (Subject)
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SC TO-I/A - TIGO ENERGY, INC. (0001855447) (Subject)
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8-K - TIGO ENERGY, INC. (0001855447) (Filer)
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8-K - TIGO ENERGY, INC. (0001855447) (Filer)
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Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the third quarter ended September 30, 2024 and financial guidance for the fourth quarter ending December 31, 2024. Recent Financial and Operational Highlights Quarterly revenue of $14.2 million GAAP gross margin of 12.5% GAAP operating loss of $10.4 million GAAP net loss of $13.1 million Adjusted EBITDA loss of $8.3 million Cash, cash equivalents, and marketable securities of $19.5 million Shipped 403,000 MLPE, or approximately 202 MWdc assuming an average panel size of 500W Selected to deliver more
Tigo Energy Inc. (NASDAQ:TYGO) ("Tigo" or the "Company"), a leading provider of intelligent solar and energy software solutions, will hold a conference call on Wednesday, November 6, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call. Tigo management will host the presentation, followed by a question-and-answer period. Date: Wednesday, November 6, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Registration Link: Click here to register Please register online at least 10 minutes prior to the start time. If you have any diffi
Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the second quarter ended June 30, 2024 and financial guidance for the third quarter ending September 30, 2024. Recent Financial and Operational Highlights Quarterly revenue of $12.7 million GAAP gross margin of 30.4% GAAP operating loss of $8.4 million GAAP net loss of $11.3 million Adjusted EBITDA loss of $6.4 million Cash, cash equivalents, and marketable securities of $20.2 million Shipped 378,000 MLPE, or approximately 144MW DC assuming an average panel size of 400W Selected for a 142MWp
Tigo Energy Inc. (NASDAQ:TYGO) ("Tigo" or the "Company"), a leading provider of intelligent solar and energy software solutions, will hold a conference call on Tuesday, August 6, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be issued in a press release prior to the call. Tigo management will host the presentation, followed by a question-and-answer period. Date: Tuesday, August 6, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Registration Link: Click here to register Please register online at least 10 minutes prior to the start time. If you have any difficulty wit
Tigo Energy, Inc. ("Tigo," or the "Company") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the first quarter ended March 31, 2024 and financial guidance for the second quarter ending June 30, 2024. Recent Financial and Operational Highlights Quarterly revenue of $9.8 million GAAP gross margin of 28.2% GAAP operating loss of $9.1 million GAAP net loss of $11.5 million Adjusted EBITDA loss of $6.3 million Shipped 249,000 MLPE, or approximately 100MW DC assuming an average panel size of 400W Launched the TS4-X Family, consisting of the TS4-X-O, TS4-X-S, and TS4-X-F MLPE device models. T
Tigo Energy Inc. (NASDAQ:TYGO) ("Tigo" or the "Company"), a leading provider of intelligent solar and energy software solutions, will hold a conference call on Tuesday, May 14, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2024. Financial results will be issued in a press release prior to the call. Tigo management will host the presentation, followed by a question-and-answer period. Date: Tuesday, May 14, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Registration Link: Click here to register Please register online at least 10 minutes prior to the start time. If you have any difficulty with re
Fourth Quarter and Full Year 2023 Revenue Totaled $9.2 Million and $145.2 Million, Respectively Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2023 and financial guidance for the first quarter ending March 31, 2024. Recent Financial and Operational Highlights Revenue for the full year 2023 of $145.2 million, up 78.6% compared to $81.3 million in the full year 2022. Gross profit for the full year 2023 of $51.3 million, or 35.3% of revenues, up 107.1% compared to $24.8 million, or 30.5% of revenues, in t
Tigo Energy, Inc. ("Tigo") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today announced selected unaudited preliminary financial results for its fiscal fourth quarter and full year ended December 31, 2023. All information in this press release is approximate due to the preliminary nature of the announcement and is subject to normal quarterly and year-end accounting and audit procedures. "During the fiscal fourth quarter of 2023, we saw some order push-outs and cancellations reflecting the ongoing general marketplace weakness that our industry has been experiencing since mid-2023," said Zvi Alon, Chairman and CEO of Tigo. "In response, we reduced sta
Third Quarter and First Nine Months 2023 Revenue Totaled $17.1 Million and $136.0 Million, Respectively Tigo Energy, Inc. ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the third quarter and nine months ended September 30, 2023 and financial guidance for the fourth quarter ending December 31, 2023. Third Quarter 2023 Financial and Operational Highlights Revenue of $17.1 million, down 25.1% compared to $22.8 million in the third quarter of 2022. Gross profit of $4.2 million, or 24.3% of revenues, down 36.9% compared to $6.6 million, or 28.9% of revenues, in the third quarter of 2022.
Tigo Energy, Inc. ("Tigo"), a leading provider of intelligent solar and energy storage solutions, today announced selected unaudited preliminary financial results for its fiscal third quarter ended September 30, 2023. All information in this press release is approximate due to the preliminary nature of the announcement and is subject to normal quarter-end accounting review. "During the third quarter of fiscal 2023, a significant number of customers requested that Tigo delay purchase order deliveries to the fourth quarter of 2023 or early 2024," said Zvi Alon, Chairman and CEO of Tigo. "We believe the inventory supply in the channel that we previously discussed remains elevated and that th
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Tigo island training tour will deliver Hawaiian installers more design flexibility, component options, higher performance, and right-sized solar-plus-storage options. Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, today announced a multi-island product and training tour to bring more flexibility, better module utilization, and system design freedom to the Aloha State. Tigo Flex Module Level Power Electronics (MLPE) devices support more than 30MW of solar on the Hawaiian islands, including over 600 monitored Tigo systems, ranging from 1.5kW residential systems to systems of more than 711kW serving the commercial and industri
Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, is confirmed to participate in the following upcoming investor conferences: (1) Jefferies Renewables & Clean Energy Conference, (2) Bank of America Clean Energy Symposium 2024 and (3) 27th Annual Needham Growth Conference. Jefferies Renewables & Clean Energy Conference Date: Wednesday, December 4, 2024 Location: New York, NY Event Details: CEO Zvi Alon is scheduled to participate in a fireside chat at 11:45 a.m. ET on Wednesday, December 4, and will be joined by CFO Bill Roeschlein for 1-on-1 meetings throughout the day. Please contact your Jefferies representative if you are i
Power supply innovation patent for module-level power electronics (MLPE) upheld as valid by U.S. Patent and Trademark Office (USPTO). Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, today announced a significant legal victory in defense of its core intellectual property. The U.S. Patent and Trademark Office (USPTO) has rejected SMA Solar Technology AG's challenge to Tigo U.S. Patent No. 9,584,021, which covers an innovative power-supply design for module-level power electronics (MLPE) technology that addresses false-start problems when solar systems are powering up. This latest USPTO ruling follows others that have served
Tigo Energy, Inc. ("Tigo", or the "Company") (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today reported unaudited financial results for the third quarter ended September 30, 2024 and financial guidance for the fourth quarter ending December 31, 2024. Recent Financial and Operational Highlights Quarterly revenue of $14.2 million GAAP gross margin of 12.5% GAAP operating loss of $10.4 million GAAP net loss of $13.1 million Adjusted EBITDA loss of $8.3 million Cash, cash equivalents, and marketable securities of $19.5 million Shipped 403,000 MLPE, or approximately 202 MWdc assuming an average panel size of 500W Selected to deliver more
With eighteen solar islands, Brazil's largest floating solar installation will use Tigo TS4-X-O MLPE devices for optimization, module-level monitoring, and safety. Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, announced today that solar development company, Apollo Flutuantes, will deploy 97,200 Tigo optimizers, including the Tigo TS4-X-O MLPE line, in Brazil's largest floating solar plant. The project, scheduled for completion in December 2025, will be located on the Lajeado Hydroelectric Power Plant reservoir in Tocantins, Brazil. The floating solar project marks a milestone in Brazil's renewable energy landscape, which ra
Tigo Energy Inc. (NASDAQ:TYGO) ("Tigo" or the "Company"), a leading provider of intelligent solar and energy software solutions, will hold a conference call on Wednesday, November 6, 2024 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call. Tigo management will host the presentation, followed by a question-and-answer period. Date: Wednesday, November 6, 2024 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Registration Link: Click here to register Please register online at least 10 minutes prior to the start time. If you have any diffi
Chang, an experienced operations leader, served as COO at Tigo Energy from 2020 to 2023 and returns to lead global manufacturing operations Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, welcomes back Anita Chang as Chief Operating Officer (COO). With over twenty-five years of experience in product management, engineering, and global operations, Chang will oversee global manufacturing, supply chain, engineering and quality teams to support the company's ambitious growth and operational goals. "Anita's return comes at an exciting time for Tigo as we continue to scale globally and develop world-class energy solutions," said Z
The complaint against Zhejiang Benyi covers devices related to Tigo rapid shutdown Intellectual Property (IP). Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo" or "the Company"), a leading provider of intelligent solar and energy software solutions, today announced that the Company's Chinese affiliate, Tigo Energy Equipment Trading (Suzhou) Co., Ltd., has filed a patent infringement lawsuit against Zhejiang Benyi New Energy Co., Ltd. The complaint (Case No. (2024) Hu 73 Zhi Min Chu No. 177) was filed in the Shanghai Intellectual Property Court on August 21, 2024. The complaint alleges that certain Zhejiang Benyi New Energy Co., Ltd. rapid shutdown devices infringe on Tigo IP, specifically China
Company to showcase products, services, and training that help improve solar installation efficiency and quality across residential and commercial solar segments. As global solar deployment is forecasted to add 3.8 terawatts (TWac) of new project capacity by 2033, Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo"), a leading provider of intelligent solar and energy software solutions, today announced its comprehensive lineup of installer service solutions for the 2024 RE+ tradeshow. Tigo will demonstrate how its innovative products, exceptional service, and robust software solutions create an integrated ecosystem that empowers solar installers of all sizes to deliver superior results. The showcase
CAMPBELL, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo", or the "Company"), a leading provider of intelligent solar and energy storage solutions, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. Tigo Energy's management team is scheduled to present on Thursday, September 5th at 8:30 a.m. Pacific Time (PT). In addition to the presentation, Tigo Energy executives will be available for one-on-one meetings throughout the conference. For additional information, to request an invitation, or to schedule a one-on-one meeting, please email confer
Representatives from the California Solar & Storage Association and EnergySage will join Tigo to discuss residential solar adoption trends, insights, and case studies. Tigo Energy, Inc. (NASDAQ:TYGO), a leading provider of intelligent solar and energy storage solutions, today announced an exclusive panel discussion with CALSSA (California Solar & Storage Association) and EnergySage at Intersolar North America 2024. The event is open to solar installers, along with other individuals and companies in the solar ecosystem and brings together industry experts and collaborators to discuss the consumer trends, technologies, and services that will drive the growth of residential solar. This pres
Tigo Energy, Inc. (NASDAQ:TYGO) ("Tigo" or the "Company"), a leading provider of intelligent solar and energy storage solutions, has appointed Sagit Manor as an independent director on its Board of Directors, effective January 1, 2024. Ms. Manor is an accomplished financial operations and technology expert with more than 25 years of experience in executive roles including several at public companies. Currently, Ms. Manor serves as Chief Financial Officer for Nayax Ltd., a global commerce enablement payments and loyalty platform provider for retailers, a role in which she manages Nayax's finances, investor relations, and cyber security, in addition to making significant contributions to Na
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H.C. Wainwright initiated coverage of Tigo Energy with a rating of Buy and set a new price target of $5.00
ROTH MKM downgraded Tigo Energy from Buy to Neutral and set a new price target of $2.50 from $11.00 previously
ROTH MKM initiated coverage of Tigo Energy with a rating of Buy and set a new price target of $21.00
Craig Hallum initiated coverage of Tigo Energy with a rating of Buy and set a new price target of $28.00