Welcome to our dedicated page for Tigo Energy news (Ticker: TYGO), a resource for investors and traders seeking the latest updates and insights on Tigo Energy stock.
Tigo Energy, Inc. (TYGO) is a trailblazer in the solar energy sector, headquartered in Silicon Valley. The company specializes in designing advanced photovoltaic (PV) solar panel technology leveraging patented impedance matching technology. This innovation allows for the installation of more modules on any roof, accommodating uneven string lengths and various orientations, which enhances both safety and reliability.
Tigo Energy stands out by partnering with module, inverter, and combiner box manufacturers to include its state-of-the-art technologies. These advanced solutions enable efficient arcing, fire, and safety hazard monitoring, providing installers and system owners with the highest return on investment (ROI) by maximizing energy production and system uptime for both new systems and retrofits.
The company's product offerings span solar power conversion and storage, giving customers a broad range of choices and flexibility. Tigo Energy's mission focuses on delivering intelligent hardware and software solutions designed to enhance safety, boost energy yields, and reduce operating costs for residential, commercial, and utility-scale solar systems. The company also offers robust string monitoring, theft prevention, and fleet management solutions, making it a significant player in the field of solar energy technology.
Recently, Tigo Energy has been involved in numerous groundbreaking projects and has formed strategic partnerships aimed at furthering its technological advancements and market reach. These efforts underscore Tigo Energy's commitment to innovation and leadership in the solar power industry.
Tigo Energy (NASDAQ: TYGO) will showcase its latest innovations at KEY – The Energy Transition Expo in Rimini, Italy, March 5-7, 2025. The company will feature the TS4-X, their newest module-level power electronics (MLPE) compatible with high-power PV modules up to 800W.
Key highlights include:
- EI Residential platform featuring integrated energy storage and e-mobility solutions
- Italian systems showing average 7.6% more energy reclamation through optimization, with some reaching 40%
- TS4-X product line with no-bolt design, 25A Isc rating, and 80V maximum input voltage
- New Multi-Factor Rapid Shutdown capability via wired PLC and wireless connections
The company will also introduce Italian-language updates to its Tigo Academy platform for PV professional training.
Tigo Energy (NASDAQ: TYGO) announces significant improvements to its solar installation software and processes ahead of Intersolar North America 2025. The company has implemented 35 core software enhancements that reduce average system commissioning time by one hour and minimize manual steps for installers.
The improvements were developed based on insights from the Tigo Green Glove Service Program, featuring new how-to guides and streamlined commissioning flows for Tigo inverters, batteries, and Automatic Transfer Switch. The company highlights its partnership with EnergyAid, which completed over 600 service appointments weekly in 2024, servicing more than 12,000 solar systems. EnergyAid, employing 45 direct service technicians, specializes in repowering legacy solar systems and has conducted over 100 inverter replacements in the past quarter using Tigo's enhanced support system.
Tigo Energy (NASDAQ: TYGO) reported Q4 2024 revenue of $17.3M, up 21.3% quarter-over-quarter and 86.8% year-over-year. However, full-year 2024 revenue declined 62.8% to $54.0M. The company recorded significant inventory charges of $19.5M in Q4 and $23.5M for the full year, primarily related to excess GO ESS energy storage solutions.
Q4 2024 resulted in a net loss of $26.8M and an Adjusted EBITDA loss of $22.1M. For full-year 2024, net loss was $62.7M compared to $1.0M in 2023. The company shipped 1.5M MLPE units in 2024, equivalent to 717 MWdc. Cash position stood at $19.9M as of December 31, 2024.
Looking ahead, Tigo projects Q1 2025 revenue between $17-19M with an Adjusted EBITDA loss of $2.5-4.5M, and full-year 2025 revenue between $85-100M.
Tigo Energy (NASDAQ: TYGO) announced significant enhancements to its Predict+ platform, a utility analytics solution that has experienced remarkable growth, expanding from 15,000 to 140,000 meters under management since Q1 2024. The platform now manages 600 GWh of energy and achieves up to 97.5% accuracy in energy forecasting through machine learning and AI.
The enhanced platform offers four key functional domains: Market Insights for energy market trends, Customer Insights for market expansion evaluation, Profit Analysis for revenue prediction and billing automation, and Regulatory Support for forecast plan generation. The system outperforms traditional forecasting methods by up to 11%, maintaining approximately 3% deviation from actual figures.
Predict+ helps utilities optimize grid performance by adapting to real-world challenges, including extreme weather events and market disruptions, while providing data resolution ranging from yearly to minute-by-minute intervals.
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.
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