Tigo Energy Inc. Stock Price, News & Analysis

Tigo Energy (NASDAQ: TYGO) announced that over 1,000 solar systems across four continents have enrolled in its Green Glove program, a key initiative for delivering Total Quality Solar through comprehensive installation support. The program has seen 70% participation from the Commercial & Industrial (C&I) sector, with regional distribution showing 47% in Americas, 31% in EMEA, 19% in APAC, and 3% in LATAM.

The Green Glove program provides personalized support and technical resources throughout the solar system deployment process, from design review to post-installation system assessment. Currently, 55% of engagements have been completed, while 45% are ongoing. The service covers Tigo TS4 Flex MLPE and EI Residential Solar Solutions for both US and European markets.

Tigo Energy Inc. (Nasdaq: TYGO), a provider of intelligent solar and energy software solutions, has scheduled its Fourth Quarter and Full Year 2024 financial results conference call for Tuesday, February 11, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). The company will release its financial results via press release before the call.

The presentation will be hosted by Tigo management and include a question-and-answer session. Participants are advised to register online at least 10 minutes before the start time. The conference call will be available for replay through the company's Investor Relations website.

Tigo Energy (NASDAQ: TYGO) announced a licensing agreement with Zerun Co., , allowing the latter to integrate Tigo's rapid shutdown technology into its module-level products. The agreement covers technologies described in Tigo's extensive portfolio of over 150 granted or pending patents related to rapid shutdown and Module Level Power Electronics (MLPE).

Tigo's rapid shutdown technology is compliant with critical safety standards including UL 1741, IEC 63257, and U.S. National Electric Code (NEC) requirements. The company has already deployed millions of MLPE products worldwide, providing optimized, monitored, and safe solar solutions that deliver consistent ROI for renewable energy systems.

Tigo Energy (NASDAQ: TYGO) announces a multi-island product and training tour in Hawaii, building on its existing 30MW installed base. The company's Module Level Power Electronics (MLPE) devices support over 600 monitored systems in Hawaii, ranging from 1.5kW residential to 711kW commercial installations.

Tigo's solutions have shown significant performance benefits, with customers experiencing over 6% increase in energy production. The company's optimizers, rated for 700W+, are compatible with virtually any module without clipping issues. The Energy Intelligence (EI) Residential platform's DC architecture reduces conversion losses by more than 5% compared to DC-coupled batteries.

Hawaii, with a 96% attach rate of storage to new residential PV systems, represents a key market for Tigo's solar-plus-storage solutions as the state aims for 100% renewable energy by 2045.

Tigo Energy (NASDAQ: TYGO), a provider of intelligent solar and energy software solutions, announces participation in three major investor conferences. The company will attend the Jefferies Renewables & Clean Energy Conference (December 4, 2024), Bank of America Clean Energy Symposium 2024 (December 5, 2024), and the 27th Annual Needham Growth Conference (January 14-15, 2025). All events will be held in New York, NY.

CEO Zvi Alon will participate in fireside chats at both the Jefferies and Bank of America events at 11:45 a.m. ET. CFO Bill Roeschlein will join for one-on-one meetings at all three conferences. Interested parties should contact respective conference representatives for meeting arrangements.

Tigo Energy (NASDAQ: TYGO) has announced a collaborative event with Solar Hive in Kuala Lumpur on November 25, 2024, focusing on solar safety technology and rapid shutdown regulations in Malaysia. The event will showcase Tigo's TS4-X product line, which supports high-power modules up to 800W and is compatible with 980 inverter models from 48 brands. The initiative comes as Malaysia's Fire and Rescue Department (JBPM) implements guidelines for rooftop solar installations, signaling a move toward rapid shutdown requirements similar to U.S. standards.

Tigo Energy (NASDAQ: TYGO) has secured a significant legal victory as the U.S. Patent and Trademark Office (USPTO) rejected SMA Solar Technology AG's challenge to Tigo's U.S. Patent No. 9,584,021. This patent covers innovative power-supply design for module-level power electronics (MLPE) technology that addresses false-start problems in solar system power-up. This ruling follows previous successful defenses of patents 9,966,848 and 10,333,405, all part of an ongoing patent-infringement dispute with SMA in Delaware District Court. Tigo offers technology licenses to these USPTO-upheld patent claims on fair terms.

Tigo Energy (NASDAQ: TYGO) reported Q3 2024 financial results with revenue of $14.2 million, marking a 16.8% decrease from Q3 2023 but a 12.1% sequential increase. The company posted a GAAP gross margin of 12.5% and a net loss of $13.1 million. Key operational highlights include shipping 403,000 MLPE units and growing Predict+ meters to 62,000. The company secured a contract to deliver 97,000 optimizers for Brazil's largest floating solar plant. For Q4 2024, Tigo expects revenues between $14-17 million and adjusted EBITDA loss of $6.5-8.5 million.

Tigo Energy (NASDAQ: TYGO) announced that Apollo Flutuantes will deploy 97,200 Tigo optimizers in Brazil's largest floating solar plant. The project, set for completion in December 2025, will be located on the Lajeado Hydroelectric Power Plant reservoir in Tocantins. The installation will feature eighteen solar islands equipped with Tigo TS4-X-O MLPE devices supporting solar modules up to 800W at 25A, providing optimization, module-level monitoring, and safety features. The project includes innovative high-albedo platforms to maximize energy output from bifacial modules, demonstrating the potential of floating solar to leverage Brazil's water resources while minimizing land use.