Want to see TYGO full AI Analyst Report?
Top Page
Tigo Energy
(NASDAQ:TYGO)
Select Model
Select Model
Rating:53Neutral
Price Target:
$2.00
▲(18.34% Upside)
Action:Reiterated
Date:08/05/26
The score is held back primarily by weak cash flow (negative operating and free cash flow) and a mixed earnings outlook after a material full-year revenue guidance cut. Partially offsetting these are improved profitability versus prior periods and a currently conservative balance sheet, while technicals remain mixed and valuation (P/E 45.7 with no dividend) is not supportive.
Positive Factors
Core MLPE product strength
Tigo’s MLPE business accounted for ~89% of revenue, signaling durable product‑market fit with strong distribution and installer adoption. Module‑level electronics are embedded in PV systems, creating recurring aftermarket, safety, and service opportunities that persist alongside PV installations.
Negative Factors
Weak cash generation
Despite improving accounting profitability, Tigo’s TTM operating and free cash flows are negative, indicating earnings have not converted to cash. Persistent cash burn limits internal funding for growth, increases reliance on external capital, and raises risk to execution and investment plans over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Core MLPE product strength
Tigo’s MLPE business accounted for ~89% of revenue, signaling durable product‑market fit with strong distribution and installer adoption. Module‑level electronics are embedded in PV systems, creating recurring aftermarket, safety, and service opportunities that persist alongside PV installations.
Read all positive factors
Tigo Energy (TYGO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$144.99M
Dividend YieldN/A
Average Volume (3M)1.47M
Price to Earnings (P/E)45.7
Beta (1Y)0.76
Revenue Growth74.29%
EPS GrowthN/A
CountryUS
Employees138
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)0.05
Shares Outstanding75,910,800
10 Day Avg. Volume1,059,965
30 Day Avg. Volume1,473,144
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)3.25
Price to Sales (P/S)0.87
P/FCF Ratio9.29
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$4.50Price Target Upside166.27% 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., together with its subsidiaries, provides solar and energy storage solutions worldwide. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules for utility, commercial, and resid...
How the Company Makes Money
Tigo primarily makes money by selling solar hardware and related software/services to the solar distribution and installation ecosystem. The largest revenue stream is product sales of its MLPE and related solar system components (e.g., module-leve...
Tigo Energy Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: the company delivered modest revenue growth, stronger GAAP/non-GAAP profitability metrics, improved cash and reduced inventory, and highlighted favorable regulatory tailwinds that could benefit domestically produced inverters. However, these positives were offset by key near-term execution and market challenges — notably the EG4 partner operational delay pushing optimized inverter volume to Q4, a slower-than-expected GO battery ramp, a significant cut to full-year revenue guidance (to $100M–$110M), a drop in gross margin (from 44.7% to 39.3%) and an adjusted EBITDA reduction to near breakeven. Given the material guidance reduction and delayed product ramps that meaningfully impact near-term growth, the lowlights slightly outweigh the highlights.Positive Updates
Year-over-Year Revenue Growth
Revenue grew 5.6% year-over-year to $25.4 million in Q2 2026 (from $24.1M), and was up 0.8% sequentially from $25.2M in Q1 2026.
Negative Updates
Results Below Expectations and Guidance Miss
Q2 revenue came in below company expectations and prior guidance; management lowered full-year 2026 revenue outlook to $100M–$110M (from prior guide cited in Q1 of $130M–$135M), a material downward revision reflecting delayed partner launch, slower battery ramp and measured European recovery.
Read all updates
Q2-2026 Updates
Positive
Negative
Year-over-Year Revenue Growth
Revenue grew 5.6% year-over-year to $25.4 million in Q2 2026 (from $24.1M), and was up 0.8% sequentially from $25.2M in Q1 2026.
Read all positive updates
Company Guidance
Tigo guided third-quarter 2026 revenue of $24.0–$26.0 million and adjusted EBITDA of a loss of $1.0 million to positive $0.5 million, and updated full‑year 2026 revenue to $100–$110 million (down from prior ~$130–$135 million), citing a U.S. optimized‑inverter partner go‑to‑market shift to a Q4 volume ramp for their Section 45X/ITC‑qualified optimized inverter, a slower ramp of the new GO Battery, and a more gradual European recovery; for context, Q2 revenue was $25.4 million with adjusted EBITDA of $52 thousand, gross profit $10.0 million (39.3% of revenue; ~42.1% ex‑GO ESS), MLPE revenue $22.7M (89.2%), GO ESS $2.2M (8.6%), EI platform $0.6M (2.2%), Predict+ ARR $1.7M, inventory $20.6M (down 34.3% vs. year‑end 2025), cash $16.9M (up $9.2M YTD) and $4.1M drawn on the revolver, and management reiterated a target gross margin of ~40%.Tigo Energy Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| 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 | 12.89M | 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
Negative
1.69
Price Trends
2.52
Negative
3.33
Negative
2.90
Negative
Market Momentum
-0.17
Negative
50.87
Neutral
87.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TYGO, the sentiment is Negative. The current price of 1.69 is below the 20-day moving average (MA) of 1.80, below the 50-day MA of 2.52, and below the 200-day MA of 2.90, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 50.87 is Neutral, neither overbought nor oversold. The STOCH value of 87.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
53 Neutral | $144.99M | 45.69 | 16.40% | ― | 74.29% | ― | |
46 Neutral | $23.31M | -1.04 | -73.50% | ― | -39.07% | 36.89% | |
43 Neutral | $29.17M | -1.19 | 105.90% | ― | 19.17% | 39.83% | |
41 Neutral | $44.01M | -0.94 | 316.79% | ― | 73.02% | 14.88% | |
41 Neutral | $55.16M | -0.52 | 51.99% | ― | 59.85% | -5.61% |
* Technology Sector Average
TYGO
Tigo Energy
2.04
0.80
64.52%
BEEM
Beam Global
1.15
-1.28
-52.67%
FTCI
FTC Solar
3.08
-2.31
-42.86%
SPWR
SunPower Inc
0.30
-1.17
-79.66%
ZEO
Zeo Energy
0.55
-1.90
-77.39%
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...
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.