TYGO · NASDAQ · Solar

Tigo Energy

Combines module-level solar electronics with cloud monitoring, inverters, storage, and energy analytics.

$1.10
After-hours close0.00 (0.00%)
At close$1.10(−0.90%)
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Profile

Tigo Energy, Inc.TYGOInformation Technology

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

CEOZvi Alon
ListedMay 24, 2023
ExchangeNASDAQ
HeadquartersLos Gatos, CA
CountryUnited States
Employees138
CIK0001855447
ISINUS88675P1030

Key statistics

Market cap$83.7M
EPS (ttm)$0.1329
P/E (ttm)8.20
ROE31.9%
P/B1.86
P/S0.7522
Dividend yield
Beta2.29vs XLK 0.62

Year to date −27.2% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$3.50+221.1%Median of 3 analysts · vs the Aug 28 close
ConsensusBuy2 of 3 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 12, 2026Roth CapitalDowngradeBuyNeutral$7$1.30
Aug 5, 2026H.C. WainwrightTarget$3.50
May 7, 2026Northland SecuritiesTarget$6.40
May 6, 2026Roth CapitalTarget$3$7

Earnings

EPS

Estimate−$0.02
ReportedDue Oct 27, 2026

Revenue

Estimate$25.2M
ReportedDue Oct 27, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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−$0.020.0%$25.8M$25.2M−2.2%−13.37%
Feb 24, 2026Q4 FY25−$0.04$0.16+500.0%$30.0M$30.0M0.0%+12.99%
Oct 28, 2025Q3 FY25−$0.05−$0.03+40.0%$30.0M$30.6M+2.0%−9.84%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin38.1%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

EMEA$18.6M · 73%
Americas$4.3M · 17%
Asia Pacific$2.6M · 10%

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

Institutions 24.79%19.04M sharesInsiders 5.94%4.56M sharesOther 69.27%53.17M shares

Shares outstanding 76.77M · Float 36.38M · 47.4% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Aigh Capital Management LLC7.28M9.48%13FApr 30, 2026
Generation Investment Management LLP7.07M10.75%13GNov 12, 2025
Awm Investment Company, Inc.2.15M2.80%13FMay 15, 2026
Vanguard Capital Management LLC2.04M2.65%13FMay 15, 2026
Zvi Alon · director, 10 percent owner, officer: CEO / Chairperson1.38M1.80%Form 4Aug 11, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 4, 2026Zvi Alondirector, 10 percent owner, officer: CEO / Chairperson−144,564$3.42
Jun 15, 2026Sagit Manordirector−63,500$2.85
Jun 10, 2026Joan C. Conleydirector−50,000$3.10
Jun 3, 2026Zvi Alondirector, 10 percent owner, officer: CEO / Chairperson−87,912$3.52
Jun 2, 2026Zvi Alondirector, 10 percent owner, officer: CEO / Chairperson−84,356$3.72
View details

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

CompanyPriceChange
Tigo Energy$1.100.00%$83.7M8.20.8+5.6%
SolarEdge Technologies$31.18−0.80%$1.91B81.21.4+19.6%
Enphase Energy$37.35+0.24%$4.92B37.319.03.7−19.6%
Tesla$348.19−0.16%$1.38T322.9174.613.3+25.5%
Median180.181.23.7+19.6%