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Tigo Energy, Inc. (TYGO)
:TYGO
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Tigo Energy
(NASDAQ:TYGO)
Rating:50Neutral
Price Target:
$1.00
▲( 3.09% Upside)
Positive Factors
Geographic Diversity
The company shows geographic diversity of revenues including EMEA, APAC, South America, and the U.S., which supports its steady outlook.
Gross Profit
Gross profit for the quarter significantly increased to 38.1% of revenue, compared to 28.2% in 1Q24.
Market Positioning
Management remains optimistic in its market positioning supported by differentiated product features and confidence in its product pricing.
Revenue Growth
Tigo Energy, Inc. reported a 9% sequential increase in total revenues for 1Q25, reaching near the higher end of the guided range.
Negative Factors
Revenue Decline
The company ended 2024 with revenues of $54M compared to $145M in 2023, reflecting a 62.8% decline as the macro environment for the solar industry remained pressured.
Risks
Risks include dilution risk, supply chain risk, technological risk, execution risk, regulatory risk, competition risk, seasonality risk, customer concentration risk, delisting risk, and uncertainty related to macroeconomic conditions and geopolitical events.
Tigo Energy (TYGO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.16M
Dividend YieldN/A
Average Volume (3M)18.93K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth-39.94%
EPS Growth-38.95%
CountryUS
Employees140
SectorTechnology
Sector Strength75
IndustrySolar
Share Statistics
EPS (TTM)-0.04
Shares Outstanding62,016,315
10 Day Avg. Volume18,472
30 Day Avg. Volume18,927
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)6.47
Price to Sales (P/S)0.00
P/FCF Ratio-1.25
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue0.34
Enterprise Value/Gross Profit-19.79
Enterprise Value/Ebitda-1.07
Forecast
1Y Price Target
$3.75Price Target Upside286.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Tigo Energy Business Overview & Revenue Model
Company DescriptionTigo 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 utility-scale solar systems. The company combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for energy monitoring and control. Its MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The company also develops and manufactures products, such as inverters and battery storage systems for the residential solar-plus-storage market. The company was founded in 2007 and is based in Campbell, California.
How the Company Makes MoneyTigo Energy makes money primarily through the sale of its solar energy management products and solutions. The company's key revenue streams include the sale of module-level power electronics, which are integrated into solar panels to improve energy output and ensure safer operations. Additionally, Tigo Energy generates revenue from providing software and monitoring services that enable solar system operators to track and optimize the performance of their installations. Strategic partnerships with solar panel manufacturers and distributors also contribute to Tigo Energy's earnings by expanding its market reach and customer base.
Tigo Energy Financial Statement Overview
Summary
Tigo Energy faces significant financial challenges marked by declining revenues, negative profitability, and constrained cash flows. The company operates with a small equity base and struggles with operational efficiency, as evidenced by negative margins across the board. While debt levels are not overly high, the negative equity and ongoing losses present substantial financial risks. The company must address operational and cost management issues to improve its financial health.Income Statement
Tigo Energy's income statement shows significant challenges, with declining revenues and negative profitability margins. The gross profit margin is negative at -8.06% TTM, indicating cost management issues. The net profit margin is substantially negative at -116.18% TTM, showing severe profitability challenges. Revenue growth has decreased drastically by -62.79% over the most recent period. The company also has negative EBIT and EBITDA margins, reflecting operational inefficiencies.35
Negative
Balance Sheet
The balance sheet reveals a weak financial position with a debt-to-equity ratio of 0.19 TTM, suggesting manageable leverage. However, the equity ratio is low at 11.50% TTM, highlighting a small equity base relative to assets. Return on equity is negative due to the net losses, indicating unprofitable use of equity capital. Despite these weaknesses, the company has managed to reduce debt over the past few years.45
Neutral
Cash Flow
Cash flow analysis shows a negative free cash flow, which has worsened by 64.66% over the past year, indicating increasing cash constraints. The operating cash flow to net income ratio is not meaningful due to negative values, and free cash flow to net income ratio is also negative, reflecting cash flow challenges. Overall, cash flows remain strained, despite some reduction in capital expenditures.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 54.01M | 145.23M | 81.32M | 43.64M | 33.29M | Gross Profit |
| -4.16M | 51.31M | 24.77M | 12.64M | 10.54M | EBIT |
| -52.00M | -8.28M | -896.00K | -3.71M | -1.97K | EBITDA |
| -50.00M | 8.38M | -4.91M | -3.29M | -91.00K | Net Income Common Stockholders |
| -62.75M | -984.00K | -7.04M | -4.86M | ― |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 19.90M | 31.21M | 36.19M | 6.18M | 22.79K | Total Assets |
| 72.91M | 127.78M | 88.08M | 23.96M | 23.26K | Total Debt |
| 42.12M | 34.15M | 21.98M | 9.41M | 20.90M | Net Debt |
| 30.38M | 29.75M | -14.21M | 3.23M | 20.88M | Total Liabilities |
| 64.53M | 64.95M | 143.77M | 73.85M | 1.45K | Stockholders Equity |
| 8.38M | 62.82M | -55.69M | -49.90M | 21.81K |
| Cash Flow | Free Cash Flow | |||
| -13.64M | -39.79M | -17.62M | -5.31M | -274.74K | Operating Cash Flow |
| -12.35M | -37.22M | -16.47M | -4.99M | -1.74K | Investing Cash Flow |
| 19.76M | -30.91M | -1.60M | -323.00K | -273.00K | Financing Cash Flow |
| -61.00K | 34.82M | 48.32M | 7.30M | -469.00 |
Tigo Energy Technical Analysis
Positive
0.97
Price Trends
0.86
Positive
0.91
Positive
1.04
Negative
Market Momentum
0.04
Negative
61.13
Neutral
83.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TYGO, the sentiment is Positive. The current price of 0.97 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.86, and below the 200-day MA of 1.04, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 61.13 is Neutral, neither overbought nor oversold. The STOCH value of 83.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TYGO.
Tigo Energy Risk Analysis
Tigo Energy disclosed 86 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 1 New Risks
1.
Future elections and political uncertainty may have an adverse impact on business. Q3, 2024
Tigo Energy Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.41B | 10.19 | -7.05% | 2.95% | 7.46% | -10.52% | |
54 Neutral | $50.37M | ― | -123.52% | ― | -43.69% | 12.75% | |
50 Neutral | $60.16M | ― | -200.49% | ― | -39.94% | -38.95% | |
43 Neutral | $36.01M | ― | -49.28% | ― | 8.97% | -68.08% | |
42 Neutral | $50.35M | ― | 307.38% | ― | -54.68% | 63.56% | |
40 Underperform | $25.65M | ― | -21.91% | ― | 16.55% | 15.72% | |
33 Underperform | $52.15M | ― | ― | -48.65% | 13.64% |
* Technology Sector Average
Performance Comparison
TYGO
Tigo Energy
0.97
-0.33
-25.38%
NOVA
Sunnova Energy International
0.19
-3.88
-95.33%
SPRU
Spruce Power Holding
1.92
-1.61
-45.61%
MAXN
Maxeon Solar Technologies
2.98
-309.02
-99.04%
FTCI
FTC Solar
3.59
-1.31
-26.73%
SMXT
SolarMax Technology, Inc.
1.08
-8.73
-88.99%
Tigo Energy Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: 21.25%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue growth and improved financial metrics such as gross profit and operating loss reduction. However, there are ongoing challenges with tariffs and achieving profitability. The company maintains a positive outlook for future growth.Q1-2025 Updates
Positive Updates
Significant Revenue Growth
Revenue for the first quarter of 2025 increased by 92.2% year-over-year to $18.8 million and grew 9.1% sequentially.
Geographical Sales Growth
The company experienced positive sequential sales growth in EMEA, the Americas, and APAC regions, with notable improvements in Italy and the Netherlands.
Gross Margin Improvement
Gross profit improved to $7.2 million or 38.1% of revenue, up from 28.2% in the previous year, driven by cost-cutting efforts.
Operating Loss Reduction
Operating loss decreased by 56.2% to $4 million compared to $91 million in the prior year period.
Positive Outlook
The company expects continued topline growth for the remainder of 2025, with second quarter revenue guidance between $21 million and $23 million.
Negative Updates
Impact of Tariffs
Approximately 5% of Q1 revenue would have been affected by China tariffs of 145%, and 15% by 10% tariffs for the rest of the world.
Ongoing Net Loss
GAAP net loss for the first quarter was $7 million, though reduced from $11.5 million in the prior year period.
Adjusted EBITDA Loss
Adjusted EBITDA loss for the first quarter was $2 million, an improvement from a $6.3 million loss in the prior year period.
Company Guidance
During Tigo Energy's fiscal first-quarter 2025 earnings call, the company provided guidance for the second quarter and the full year. For Q2 2025, Tigo expects revenues to range between $21 million and $23 million, with adjusted EBITDA projected to be between a $1.5 million loss and a $500,000 gain. For the full year of 2025, the company reiterated its revenue guidance of $85 million to $100 million. Tigo reported a 92.2% year-over-year increase in first-quarter revenue, reaching $18.8 million, with a 9.1% sequential growth. Gross profit for Q1 was $7.2 million, representing 38.1% of revenue, and the adjusted EBITDA loss was reduced by 67.4% to $2 million. The company also highlighted growth in regions such as EMEA, the Americas, and APAC, and discussed the impact of tariffs, estimating that approximately 5% of Q1 revenue would have been affected by China tariffs and 15% by tariffs from the rest of the world.Tigo Energy Corporate Events
Shareholder Meetings
Tigo Energy Holds 2025 Annual Stockholders Meeting
Neutral
May 21, 2025
On May 19, 2025, Tigo Energy, Inc. held its 2025 Annual Meeting of Stockholders. During the meeting, shareholders voted on two key proposals. The first proposal was the election of seven director nominees to serve until the 2026 Annual Meeting, with all nominees receiving the necessary votes for election. The second proposal was the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, which was also approved by the shareholders.
The most recent analyst rating on (TYGO) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on Tigo Energy stock, see the TYGO Stock Forecast page.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.