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Tigo Energy
(NASDAQ:TYGO)
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Rating:56Neutral
Price Target:
$0.92
▼(-12.67% Downside)
Action:Reiterated
Date:09/24/26
The score is held back primarily by weak cash flow conversion and very bearish technicals (price below key moving averages, negative MACD, oversold momentum). Offsetting factors include a currently conservative balance sheet and a low P/E, while the latest earnings call adds caution due to a material full-year revenue guide cut and delayed product ramps.
Positive Factors
Conservative balance sheet
Low debt relative to equity gives Tigo greater financial flexibility than a highly levered competitor. This can help the company fund product development, manage demand fluctuations, and absorb execution setbacks without excessive refinancing or interest burdens.
Negative Factors
Negative cash generation
Recent accounting profitability has not translated into cash generation, leaving Tigo more dependent on working-capital management and available liquidity. Persistent negative operating and free cash flow could restrict investment capacity and increase funding pressure while the company scales new products.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low debt relative to equity gives Tigo greater financial flexibility than a highly levered competitor. This can help the company fund product development, manage demand fluctuations, and absorb execution setbacks without excessive refinancing or interest burdens.
Read all positive factors
Tigo Energy (TYGO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$68.27M
Dividend YieldN/A
Average Volume (3M)792.78K
Price to Earnings (P/E)6.2
Beta (1Y)0.22
Revenue Growth49.51%
EPS GrowthN/A
CountryUS
Employees138
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)0.15
Shares Outstanding76,773,710
10 Day Avg. Volume782,878
30 Day Avg. Volume792,785
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 Cap2.60
Enterprise Value/Revenue1.59
Enterprise Value/Gross Profit3.75
Enterprise Value/Ebitda13.26
Forecast
1Y Price Target
$2.60Price Target Upside147.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$103.88M
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 | 111.25M | 103.54M | 54.01M | 145.23M | 81.32M | 43.64M |
| Gross Profit | 47.20M | 44.35M | -4.16M | 51.31M | 24.77M | 12.64M |
| EBITDA | 13.37M | 11.00M | -50.00M | 8.38M | -4.91M | -1.74M |
| Net Income | 9.97M | -1.88M | -62.75M | -984.00K | -7.04M | -4.86M |
Balance Sheet | ||||||
| Total Assets | 77.87M | 78.04M | 72.91M | 127.78M | 88.08M | 23.96M |
| Cash, Cash Equivalents and Short-Term Investments | 16.91M | 7.67M | 19.90M | 31.21M | 36.19M | 6.18M |
| Total Debt | 6.48M | 2.67M | 42.12M | 34.15M | 21.98M | 9.41M |
| Total Liabilities | 33.23M | 50.41M | 64.53M | 64.95M | 143.77M | 73.85M |
| Stockholders Equity | 44.64M | 27.62M | 8.38M | 62.82M | -55.69M | -49.90M |
Cash Flow | ||||||
| Free Cash Flow | -8.13M | 9.66M | -13.64M | -39.79M | -17.62M | -5.31M |
| Operating Cash Flow | -7.24M | 10.30M | -12.35M | -37.22M | -16.47M | -4.99M |
| Investing Cash Flow | 34.51M | 22.62M | 19.76M | -30.91M | -1.60M | -323.00K |
| Financing Cash Flow | -20.57M | -36.99M | -61.00K | 34.82M | 48.32M | 7.30M |
Tigo Energy Technical Analysis
Negative
1.05
Price Trends
1.09
Negative
1.86
Negative
2.69
Negative
Market Momentum
-0.07
Negative
38.41
Neutral
69.26
Neutral
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 1.05 is above the 20-day moving average (MA) of 0.92, below the 50-day MA of 1.09, and below the 200-day MA of 2.69, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 69.26 is Neutral, 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% | |
56 Neutral | $68.27M | 6.22 | 31.88% | ― | 49.51% | ― | |
46 Neutral | $24.22M | -1.23 | -73.59% | ― | -20.49% | 43.15% | |
42 Neutral | $35.27M | -0.31 | 230.63% | ― | 59.53% | 5.67% | |
42 Neutral | $91.13M | -0.94 | 26.07% | ― | 13.88% | 68.31% | |
42 Neutral | $17.69M | -0.65 | -166.89% | ― | 10.17% | 50.41% |
* Technology Sector Average
TYGO
Tigo Energy
0.89
-1.45
-62.01%
BEEM
Beam Global
1.07
-2.67
-71.39%
FTCI
FTC Solar
1.93
-6.07
-75.88%
SPWR
SunPower Inc
0.28
-1.38
-82.89%
ZEO
Zeo Energy
0.26
-1.16
-81.41%
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.