Tigo Energy, Inc. (TYGO)
NASDAQ:TYGO
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Tigo Energy
(NASDAQ:TYGO)
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Rating:57Neutral
Price Target:
$4.00
▲(0.76% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by improving financial fundamentals (better profitability and low leverage) but held back by weak cash flow consistency. Technical indicators also point to bearish near-term momentum, while valuation is difficult to support with a negative P/E and no dividend yield; the earnings call was a positive offset due to reiterated revenue guidance and expected positive Q2 adjusted EBITDA.
Positive Factors
Sustained Revenue Growth & Visible Guidance
Consistent year-over-year revenue growth and reiterated full-year guidance indicate recovering end-demand and management confidence. Durable top-line momentum supports scaling of distribution channels and long-lead commercial projects over the next several quarters, reducing execution risk versus single-quarter spikes.
Negative Factors
Weak and Volatile Cash Generation
Operating and free cash flow have weakened materially from prior-year peaks, undermining internal funding for inventory, receivables, and growth. This volatility increases reliance on external financing and heightens risk that working-capital swings or slower sales could force dilutive raises or credit draws over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth & Visible Guidance
Consistent year-over-year revenue growth and reiterated full-year guidance indicate recovering end-demand and management confidence. Durable top-line momentum supports scaling of distribution channels and long-lead commercial projects over the next several quarters, reducing execution risk versus single-quarter spikes.
Read all positive factors
Tigo Energy (TYGO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$308.96M
Dividend YieldN/A
Average Volume (3M)724.36K
Price to Earnings (P/E)87.6
Beta (1Y)0.48
Revenue Growth74.29%
EPS GrowthN/A
CountryUS
Employees140
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)0.05
Shares Outstanding75,910,800
10 Day Avg. Volume613,718
30 Day Avg. Volume724,355
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)3.25
Price to Sales (P/S)0.87
P/FCF Ratio9.29
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue2.73
Enterprise Value/Gross Profit6.25
Enterprise Value/Ebitda24.20
Forecast
1Y Price Target
$6.47Price Target Upside62.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.04
Revenue Forecast (FY)$131.91M
Tigo Energy Business Overview & Revenue Model
Company Description
Tigo Energy, Inc. provides intelligent solar and energy storage solutions. It develops and manufactures smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and uti...
How the Company Makes Money
Tigo Energy makes money mainly by selling solar energy technology products and related software/services to the solar installation and distribution ecosystem. The company’s primary revenue stream is product revenue from MLPE hardware—such as modul...
Tigo Energy Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive trajectory: strong year-over-year revenue growth, materially improved margins and a sharp reduction in adjusted EBITDA loss and non-GAAP net loss. Management highlighted meaningful commercial catalysts (EG4 partnership, new GO ESS battery, and a growing utility-scale pipeline) and provided constructive guidance for Q2 and the full year. Offsetting concerns include sequential revenue softness driven by seasonality and a pronounced Americas decline, a $1.0M bad-debt charge from a distributor bankruptcy, continued GAAP losses and modest cash balances — though recent financing and a credit facility bolster liquidity. Overall, the positives (recurring revenue growth, margin expansion, narrowing losses, product/partnership catalysts and constructive guidance) outweigh the operational and regional headwinds.Positive Updates
Strong Year-over-Year Revenue Growth
Total Q1 2026 revenue of $25.2M, a 33.7% increase versus $18.8M in Q1 2025, signaling meaningful top-line recovery and demand improvement year-over-year.
Negative Updates
Sequential Revenue Decline
Revenues declined 16.1% sequentially (quarter-over-quarter), reflecting seasonality and timing effects despite YoY growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Year-over-Year Revenue Growth
Total Q1 2026 revenue of $25.2M, a 33.7% increase versus $18.8M in Q1 2025, signaling meaningful top-line recovery and demand improvement year-over-year.
Read all positive updates
Company Guidance
Management guided Q2 2026 revenues of $30.0–$32.0 million and adjusted EBITDA of $1.0–$3.0 million, and reiterated full-year 2026 revenue guidance of $130.0–$135.0 million; that outlook follows Q1 results of $25.2M revenue (up 33.7% YoY, down 16.1% sequentially), gross profit $10.8M (42.8% margin vs 38.1% a year ago), GAAP net loss $1.8M (vs $7.0M LY), non‑GAAP net loss $0.1M, and an adjusted EBITDA loss of $0.5M (down 76.8% YoY). Q1 regional/product mixes were EMEA $17.5M (69.5%), Americas $5.3M (20.9%), APAC $2.4M (9.6%); MLPE $20.8M (82.4%), GO ESS $4.0M (15.8%), Predict+ $0.5M (1.8%). Quarter-end balance-sheet and liquidity metrics included cash and marketable securities $11.6M, accounts receivable net $14.2M, inventories $24.8M (down $6.5M or 20.7% sequentially), primary shares outstanding 75.9M, a closed ~ $15M registered direct offering (cash up $3.9M sequentially) and a new undrawn Wells Fargo credit facility providing up to $10M of availability; Q1 operating expense was $13.2M (up 18.4%), including a $1.0M bad‑debt charge expected to be partly recoverable via insurance.Tigo Energy Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 109.89M | 103.54M | 54.01M | 145.23M | 81.32M | 43.64M |
| Gross Profit | 47.97M | 44.35M | -4.16M | 51.31M | 24.77M | 12.64M |
| EBITDA | 12.39M | 11.00M | -50.00M | 8.38M | -4.91M | -1.74M |
| Net Income | 3.37M | -1.88M | -62.75M | -984.00K | -7.04M | -4.86M |
Balance Sheet | ||||||
| Total Assets | 74.85M | 78.04M | 72.91M | 127.78M | 88.08M | 23.96M |
| Cash, Cash Equivalents and Short-Term Investments | 11.57M | 7.67M | 19.90M | 31.21M | 36.19M | 6.18M |
| Total Debt | 2.48M | 2.67M | 42.12M | 34.15M | 21.98M | 9.41M |
| Total Liabilities | 34.01M | 50.41M | 64.53M | 64.95M | 143.77M | 73.85M |
| Stockholders Equity | 40.85M | 27.62M | 8.38M | 62.82M | -55.69M | -49.90M |
Cash Flow | ||||||
| Free Cash Flow | 726.00K | 9.66M | -13.64M | -39.79M | -17.62M | -5.31M |
| Operating Cash Flow | 1.58M | 10.30M | -12.35M | -37.22M | -16.47M | -4.99M |
| Investing Cash Flow | 25.94M | 22.62M | 19.76M | -30.91M | -1.60M | -323.00K |
| Financing Cash Flow | -24.44M | -36.99M | -61.00K | 34.82M | 48.32M | 7.30M |
Tigo Energy Technical Analysis
Neutral
3.97
Price Trends
4.16
Negative
3.71
Positive
2.80
Positive
Market Momentum
-0.06
Positive
47.40
Neutral
65.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TYGO, the sentiment is Neutral. The current price of 3.97 is below the 20-day moving average (MA) of 4.21, below the 50-day MA of 4.16, and above the 200-day MA of 2.80, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.40 is Neutral, neither overbought nor oversold. The STOCH value of 65.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TYGO.
Tigo Energy Risk Analysis
Tigo Energy disclosed 75 risk factors in its most recent earnings report. Tigo Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tigo Energy Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $308.96M | 87.63 | 16.40% | ― | 74.29% | ― | |
49 Neutral | $33.75M | -1.70 | -73.50% | ― | -39.07% | 36.89% | |
46 Neutral | $155.07M | -2.73 | 51.99% | ― | 59.85% | -5.61% | |
45 Neutral | $88.03M | -2.11 | 316.79% | ― | 73.02% | 14.88% | |
42 Neutral | $49.13M | -1.89 | 105.90% | ― | 19.17% | 39.83% |
* Technology Sector Average
TYGO
Tigo Energy
4.07
3.04
295.15%
BEEM
Beam Global
1.52
-0.05
-3.18%
FTCI
FTC Solar
5.50
1.43
35.14%
SPWR
SunPower Inc
1.06
-0.46
-30.26%
ZEO
Zeo Energy
0.85
-1.58
-65.19%
Tigo Energy Corporate Events
Executive/Board ChangesShareholder Meetings
Tigo Energy Stockholders Approve Directors and Governance Measures
Positive
May 20, 2026
On May 19, 2026, Tigo Energy, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders elected seven directors to serve until the 2027 annual meeting, with most nominees receiving strong support. The meeting also saw stockholders rati...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Tigo Energy Receives Additional Proceeds from Patent Sale
Neutral
May 15, 2026
Tigo Energy, Inc. and its affiliate Tigo Energy AI Ltd. entered into a patent purchase agreement on December 16, 2025, with Tigo Energy Innovations LLC, under which they sold certain patents for a total consideration of $15,000,000 at initial clos...
Business Operations and StrategyPrivate Placements and Financing
Tigo Energy Secures New $10 Million Credit Facility
Positive
Apr 2, 2026
On March 31, 2026, Tigo Energy, Inc. entered into a new revolving credit facility of up to $10 million with Wells Fargo Bank, National Association, with its subsidiary Tigo Energy MergeCo, Inc. acting as guarantor. The borrowing capacity is tied t...
Business Operations and StrategyExecutive/Board Changes
Tigo Energy Adopts New Executive Incentive and Bonus Plan
Positive
Mar 19, 2026
On March 17, 2026, Tigo Energy’s board Compensation Committee approved an annual Executive Short Term Incentive Plan for key executives, tying cash bonuses to revenue, Adjusted EBITDA and individual performance goals. Bonus payouts range fro...
Business Operations and StrategyPrivate Placements and Financing
Tigo Energy Announces $15 Million Registered Direct Offering
Positive
Feb 26, 2026
On February 24, 2026, Tigo Energy, Inc. entered into agreements with institutional investors for a registered direct offering of 5 million shares of common stock at $3.00 per share, for expected gross proceeds of $15 million. The deal, conducted u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.