Tigo Energy
Combines module-level solar electronics with cloud monitoring, inverters, storage, and energy analytics.
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Profile
Builds Flex MLPE and TS4 electronics that optimize, monitor, and rapidly shut down individual solar modules across residential, commercial, and utility-scale systems. The portfolio extends into cloud monitoring, residential inverters and storage, and FSIGHT energy analytics.
Builds module-level power electronics for residential, commercial, and utility-scale solar systems. Flex MLPE and TS4 let installers optimize, monitor, or rapidly shut down individual photovoltaic modules, while cloud software adds system monitoring and control.
Extends that hardware base with residential inverters, battery storage, and FSIGHT energy-data analytics. The acquisition added an AI-based software platform for forecasting electricity consumption and generation, linking grid-level data with module-level performance information.
Operates from Los Gatos, California, with roots in Silicon Valley. The business is structured around coordinated solar hardware and software: module electronics remain the core, while inverters, storage, cloud monitoring, and analytics broaden the system offering.
Company facts
Categories
Key statistics
Year to date −27.2% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Roth Capital | Downgrade | Buy | Neutral | $7 | $1.30 |
| Aug 5, 2026 | H.C. Wainwright | Target | $3.50 | |||
| May 7, 2026 | Northland Securities | Target | $6.40 | |||
| May 6, 2026 | Roth Capital | Target | $3 | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.04 | $0.05 | +36.4% | $30.8M | $25.4M | −17.6% | −36.76% |
| May 5, 2026Q1 FY26 | −$0.02 | −$0.02 | 0.0% | $25.8M | $25.2M | −2.2% | −13.37% |
| Feb 24, 2026Q4 FY25 | −$0.04 | $0.16 | +500.0% | $30.0M | $30.0M | 0.0% | +12.99% |
| Oct 28, 2025Q3 FY25 | −$0.05 | −$0.03 | +40.0% | $30.0M | $30.6M | +2.0% | −9.84% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.8M | $24.1M | $30.6M | $30.0M | $25.2M | $25.4M | |
| Gross profit | $7.2M | $10.8M | $13.1M | $13.4M | $10.8M | $10.0M | |
| Operating income | −$4.0M | −$1.5M | $649.0K | $333.0K | −$2.4M | −$1.7M | |
| Net income | −$7.0M | −$4.4M | −$2.2M | $11.7M | −$1.8M | $2.2M | |
| Diluted EPS | −$0.11 | −$0.07 | −$0.03 | $0.16 | −$0.02 | $0.03 | |
| Gross margin | 38.1% | 44.7% | 42.7% | 44.5% | 42.8% | 39.3% | |
| Operating margin | -21.1% | -6.3% | 2.1% | 1.1% | -9.6% | -6.6% |
Fiscal years (4-quarter sums)FY21 $7.1M · FY22 $81.3M · FY23 $145.2M · FY24 $54.0M · FY25 $103.5M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $16.9M · Total debt $6.5M · Total assets $77.9M · Shareholders' equity $44.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 76.77M · Float 36.38M · 47.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Aigh Capital Management LLC | 7.28M | 9.48% | 13F | Apr 30, 2026 |
| Generation Investment Management LLP | 7.07M | 10.75% | 13G | Nov 12, 2025 |
| Awm Investment Company, Inc. | 2.15M | 2.80% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 2.04M | 2.65% | 13F | May 15, 2026 |
| Zvi Alon · director, 10 percent owner, officer: CEO / Chairperson | 1.38M | 1.80% | Form 4 | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 4, 2026 | Zvi Alon | director, 10 percent owner, officer: CEO / Chairperson | −144,564 | $3.42 |
| Jun 15, 2026 | Sagit Manor | director | −63,500 | $2.85 |
| Jun 10, 2026 | Joan C. Conley | director | −50,000 | $3.10 |
| Jun 3, 2026 | Zvi Alon | director, 10 percent owner, officer: CEO / Chairperson | −87,912 | $3.52 |
| Jun 2, 2026 | Zvi Alon | director, 10 percent owner, officer: CEO / Chairperson | −84,356 | $3.72 |
Peers
- SolarEdge Technologies
Broadest overlap in optimizers, inverters, storage, and software
- Enphase Energy
Alternative MLPE architecture plus overlapping storage and monitoring
- Tesla
Residential storage and home-energy software overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tigo Energy | $1.10 | 0.00% | $83.7M | 8.2 | — | 0.8 | +5.6% |
| SolarEdge Technologies | $31.18 | −0.80% | $1.91B | — | 81.2 | 1.4 | +19.6% |
| Enphase Energy | $37.35 | +0.24% | $4.92B | 37.3 | 19.0 | 3.7 | −19.6% |
| Tesla | $348.19 | −0.16% | $1.38T | 322.9 | 174.6 | 13.3 | +25.5% |
| Median | 180.1 | 81.2 | 3.7 | +19.6% |





