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, Inc. (NASDAQ: TYGO), a leading provider of intelligent solar and energy software solutions, has filed a patent infringement lawsuit against Zhejiang Benyi New Energy Co., The complaint, filed in the Shanghai Intellectual Property Court on August 21, 2024, alleges that certain Zhejiang Benyi rapid shutdown devices infringe on Tigo's China Patent No. 200880114564.0, which relates to rapid shutdown technology.
Tigo is a leader in rapid shutdown technology and module-level power electronics (MLPE), with over 150 patents granted or pending. The company actively licenses its patented technology and has prevailed in multiple patent disputes. Millions of Tigo products are installed worldwide, providing optimized, monitored, and safe solar solutions.
Tigo Energy (NASDAQ: TYGO) announces its comprehensive lineup of installer service solutions for the 2024 RE+ tradeshow, focusing on Total Quality Solar. The showcase includes:
- Green Glove Service Program: In-depth support services for installers
- TS4-X Technology: Compatible with high-power solar modules up to 800W
- Tigo Academy: Comprehensive training curriculum for installers
- EI Professional: Enhanced monitoring and management tools
These offerings aim to improve solar installation efficiency and quality across residential and commercial segments, supporting the forecasted global solar deployment of 3.8 terawatts (TWac) of new project capacity by 2033.
Tigo Energy (NASDAQ: TYGO), a leading provider of intelligent solar and energy storage solutions, is set to present at the 2024 Annual Gateway Conference on September 5th at 8:30 a.m. PT. The conference will take place at the Four Seasons Hotel in San Francisco, CA from September 4-5.
Tigo's management team will not only deliver a presentation but also be available for one-on-one meetings throughout the event. This presents an opportunity for investors and industry professionals to gain insights into Tigo's innovative solutions and future plans. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
Tigo Energy (NASDAQ: TYGO) is showcasing its latest solar technology and installer support programs at Intersolar South America 2024 in São Paulo, Brazil. The company is highlighting its Tigo Energy Intelligence (EI) Professional software platform and the Tigo TS4 Flex MLPE device family, including the new TS4-X-O for high-power modules. Tigo is also expanding its Green Glove installer service program in Latin America, which provides comprehensive support from project design to post-installation review.
The company's commitment to Total Quality Solar is demonstrated through its advanced MLPE products for optimization, module-level monitoring, and rapid shutdown. A recent 3MWp project at the Children's Hospital in Brasília, featuring 5,400 Tigo TS4-A-O optimizers, showcases the company's product quality and service excellence.
Tigo Energy reported its second quarter 2024 financial results with a revenue of $12.7 million, marking an 81.5% decrease from the same period last year. The GAAP gross margin stood at 30.4%, while the GAAP net loss was $11.3 million. The company also recorded an adjusted EBITDA loss of $6.4 million. Cash, cash equivalents, and marketable securities totaled $20.2 million at the end of the quarter.
Tigo Energy shipped 378,000 MLPE, or approximately 144MW DC assuming an average panel size of 400W. A notable achievement was being selected for a 142MWp Solar Installation in Spain.
For the third quarter of 2024, Tigo expects revenues to be between $13.0 million and $16.0 million with an adjusted EBITDA loss ranging from $6.5 million to $8.5 million.
Tigo Energy (NASDAQ: TYGO) has announced that over 520 solar installations have enrolled in its Green Glove program, which provides support throughout the installation process. The program, focused on delivering Total Quality Solar, has benefited installers across four continents, with a primary emphasis on the Commercial and Industrial (C&I) market.
The Green Glove process includes a comprehensive design review, on-call support during installation, and post-installation review. Nearly 60% of sign-ups are from North America, with 70% globally coming from the C&I segment. The program aims to drive quality across the solar value chain and share insights from Tigo's extensive experience in the market.
Tigo Energy Inc. (Nasdaq: TYGO), a leading provider of intelligent solar and energy software solutions, has announced it will hold a conference call on Tuesday, August 6, 2024, at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The company will issue a press release with the financial results prior to the call. Tigo management will host the presentation, followed by a question-and-answer session.
Interested parties can register for the conference call online and are advised to do so at least 10 minutes before the start time. The call will be broadcast live and available for replay via the company's website. For any difficulties with registration or connection, participants can contact Gateway Group at (949) 574-3860.
Tigo Energy, Inc. (NASDAQ: TYGO) has announced that MidNite Solar Inc. has licensed Tigo's rapid shutdown technology for its module-level products. This licensing agreement allows MidNite Solar to use Tigo's patented technologies in rapid shutdown and optimization. Tigo, a leader in rapid shutdown technology and Module Level Power Electronics (MLPE), has over 150 patents granted or pending. Their technology complies with key safety standards and requirements, including UL 1741, IEC 63257, and the U.S. National Electric Code.
Tigo's MLPE products are installed worldwide, providing optimized, monitored, and safe solar solutions. The company continues to invest in R&D and offers reasonable licensing terms to industry partners. This collaboration aims to drive innovation and deliver safe, reliable solutions for the solar industry.
Tigo Energy has launched EI Professional, an advanced toolset for solar installers aimed at managing rising operations and maintenance (O&M) costs associated with growing solar portfolios. The new features of the Tigo Energy Intelligence (EI) Platform offer scalable, customizable monitoring and insights, supporting small to mid-sized installation companies. Key features include a centralized dashboard displaying critical health and performance data, one-click enrollment for unlimited subscription access, and advanced filtering tools. The EI Platform also offers free basic monitoring and premium options for more detailed analytics. Tigo aims to help installers enhance efficiency, reduce costs, and improve system performance.
Tigo Energy, a leader in intelligent solar and energy storage solutions, has announced its schedule for June 2024. The company will participate in three major events: the J.P. Morgan Energy, Power & Renewables Conference in New York on June 17-18, Intersolar Europe in Munich on June 19-21, and the ROTH 10th Annual London Conference on June 26. CFO Bill Roeschlein and CEO Zvi Alon will represent Tigo at these events, participating in fireside chats, 1-on-1 meetings, and hosting a company booth. Investors and industry partners can contact event representatives to schedule meetings or visit the respective event websites for more details.
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