TYGO · NASDAQ · Solar

Tigo Energy (TYGO)

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

$0.9760
vs last close−0.03 (−3.37%)
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Tigo Energy, Inc.TYGO
Information 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

Market cap$77.5M
EPS (ttm)$0.1329
P/E (ttm)7.60
ROE31.9%
P/B1.74
P/S0.6970
Dividend yieldDiv yield
Beta2.17vs XLK 0.57

Price target$3.50+246.5%Average of 3 analysts
ConsensusBuy2 of 3 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 12, 2026Roth CapitalDowngrade
Rating: BuyTarget: $7
Rating: NeutralTarget: $1.30
Aug 5, 2026H.C. WainwrightTarget
Target:
Target: $3.50
May 7, 2026Northland SecuritiesTarget
Target:
Target: $6.40
May 6, 2026Roth CapitalTarget
Target: $3
Target: $7

Next report
Oct 27, 26
in 35 days
EPS estimate
−$0.02
Revenue estimate
$25.2M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported−$0.44−$0.11−$0.07−$0.03$0.16−$0.02$0.05Pending
Estimate−$0.15−$0.13−$0.09−$0.05−$0.04−$0.02$0.04−$0.02
Surprise−193.3%+15.4%+22.2%+40.0%+500.0%0.0%+36.4%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26May '26Aug '26Oct '26
Reported$17.3M$18.8M$24.1M$30.6M$30.0M$25.2M$25.4MPending
Estimate$15.2M$17.6M$29.6M$30.0M$30.0M$25.8M$30.8M$25.2M
Surprise+13.6%+7.0%−18.7%+2.0%0.0%−2.2%−17.6%
Estimate−$0.02
ReportedDue Oct 27, 2026
Estimate$25.2M
ReportedDue Oct 27, 2026
View details

Debt to equity14.50%
Current ratio247.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$14.2M$17.3M$18.8M$24.1M$30.6M$30.0M$25.2M$25.4M
Net income−$13.1M−$26.8M−$7.0M−$4.4M−$2.2M$11.7M−$1.8M$2.2M
Net margin0.0%0.0%0.0%0.0%0.0%39.0%0.0%8.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$10.4M−$24.1M−$4.0M−$1.5M$649.0K$333.0K−$2.4M−$1.7M
YoY growthLoss narrowedLoss widenedLoss narrowedLoss narrowedTurned profitTurned profitLoss narrowedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $16.9M · Total debt $6.5M · Total assets $77.9M · Shareholders' equity $44.6M

Revenue
$25.4M
Operating income
−$1.7M
Net income
$2.2M
View details

No dividends on record.

Institutions30.72%23.58M shares
76 holders · as of Jun 30, 2026
Insiders26.13%20.06M shares
10 holders · as of Sep 18, 2026
Strategic holders18.69%14.35M shares
1 holder · as of Jun 2, 2023
Other24.46%18.78M shares
remainder

76.77M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Zvi Alon1,2Insiderdirector, 10 percent owner, officer: CEO / Chairperson
22.01%15.82Mfiled Sep 18, 2026
Energy Growth Momentum GP II LimitedStrategic
18.69%14.35Mfiled Jun 2, 2023
Generation IM Climate Solutions GP LtdInstitution
9.21%7.07Mfiled Nov 12, 2025
Awm Investment Company, Inc.Institution
4.36%3.35Mas of Jun 30, 2026
Invesco Ltd.Institution
3.71%2.85Mas of Jun 30, 2026
  1. Zvi Alon's transaction reports restate only vehicles that traded; the 2023 ownership statement (15.82M) plus the 1.08M net shares acquired since is used instead.
  2. Zvi Alon reports a block also reported by another filer; it is counted once, under that filer.

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

  • 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

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