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.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced the success of its Green Glove program, providing crucial support to solar installers resulting in better outcomes for end customers. The program has been utilized for 70 installations across North America and Europe, with positive feedback from installers such as Southern California Energy Alternatives and Circuit Electric Service. The program includes comprehensive design reviews, on-call support during installation, and thorough post-installation follow-ups, resulting in a premium support experience for solar installers.
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Tigo Energy, Inc. (NASDAQ: TYGO) has achieved a significant victory in a patent infringement case against SMA Solar Technology America LLC, with the USPTO ruling in favor of Tigo on two petitions filed by SMA Solar. The ruling provides additional validation to Tigo patents, reinforcing the company's intellectual property rights. Tigo's rapid shutdown technology complies with industry standards and is a leader in MLPE, with over 150 patents granted or pending. The company licenses its patented technology to other solar equipment manufacturers and has prevailed in multiple patent disputes. Tigo's products and technology have been deployed in more than one hundred countries, monitoring over 1 GWh of daily solar production and delivering reliability and consistent ROI for renewable energy systems.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced the launch of the Tigo GO EV Charger for the German market, offering seamless integration with the Tigo EI Residential solar-plus-storage solution. The charger is available as both a single and three-phase charger up to 22 kW and can be wall-mounted indoors or outdoors. It includes RFID technology for easy user authentication and flexible charging modes tailored to accommodate homeowner use cases. The release of the GO EV Charger comes with an introductory webinar and training events for German PV professionals.
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Tigo Energy, Inc. (TYGO) announced unaudited preliminary financial results for its fiscal fourth quarter and full year ended December 31, 2023. Revenue for Q4 2023 is expected to be $9.0 to $10.0 million, down from previous expectations of $15 to $20 million. Adjusted EBITDA loss for Q4 2023 is expected to be $11 to $12 million, in line with previous guidance. Full-year revenue for 2023 is expected to be approximately $145 million. The company reduced staffing levels by 15% to align with the current environment, expecting to reduce cash expenditures by $3.8 million in 2024. Despite marketplace weakness, Tigo is seeing signs of improving demand as distributors normalize inventories.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced an exclusive panel discussion with CALSSA and EnergySage at Intersolar North America 2024 to discuss residential solar adoption trends, insights, and case studies. The event aims to bring together industry experts and collaborators to drive the growth of residential solar. EnergySage and CALSSA will provide valuable insights into consumer demands, trends, and policy changes, while Tigo will exhibit at the event.
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Tigo Energy, Inc. (NASDAQ: TYGO) strengthens its patent portfolio with the issuance of U.S. Patent No. 11,855,578 for rapid shutdown technology, reflecting the company's commitment to solar safety and innovation. The patent enhances automated shutdown, disconnect, and solar module power reduction methods, crucial for firefighters and installation crews. With over 150 patents granted or pending, Tigo is a leader in rapid shutdown technology and Module Level Power Electronics (MLPE). The company actively licenses its patented technology to other solar equipment manufacturers and complies with industry safety standards. Tigo's dedication to safety and reliability is further underlined by Chairman and CEO Zvi Alon's emphasis on extensive training and educational services for installers, ensuring safe and reliable solutions for the solar industry.
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Tigo Energy, Inc. (Nasdaq: TYGO) appoints Sagit Manor as an independent director, bringing substantial C-suite experience in the tech sector. Ms. Manor's track record of leading global expansion will bolster Tigo's strategy and tactical execution.
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Tigo Energy, Inc. (NASDAQ: TYGO) announced the installation of the 10 millionth Tigo TS4 device by an Arizona solar company, Sunny Energy. This milestone marks the deployment of 3.5 GW of Tigo MLPE devices across more than 100 countries and 1 GWh of daily solar production monitored by Tigo Energy Intelligence. The Tigo TS4 products provide rapid shutdown, module-level monitoring, and optimization, offering flexibility for installers and reducing balance-of-system (BOS) and labor costs. Through the Tigo Enhanced program, Tigo customers and installers can choose the right equipment for their solar projects through simple, plug-and-play pairing with inverters from major suppliers and Tigo Enhanced partners. The company also offers tools for residential, commercial, industrial, and utility-scale solar fleets to decrease operations and maintenance costs, enhance system performance, and improve the user experience for installers and asset owners.
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Tigo Energy, Inc. (TYGO) partners with CPV Retail Energy to integrate Tigo Predict+ technology, enabling highly accurate and customizable energy demand forecasting models. CPV Retail Energy leverages renewable generation assets to provide safe, reliable, cost-effective, and environmentally responsible electric power, offering customized energy plans and 100% renewable electricity solutions. Tigo Predict+ will allow CPV Retail Energy to model precise day-ahead and long-term demand forecasts of customer energy needs accurately, with more than 300 GWh of daily forecasted consumption.
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Tigo Energy, Inc. (Tigo) Reports $17.1 Million Revenue for Q3 2023, Down 25.1% from Q3 2022
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FAQ
What is the current stock price of Tigo Energy (TYGO)?
The current stock price of Tigo Energy (TYGO) is $0.9385 as of December 20, 2024.
What is the market cap of Tigo Energy (TYGO)?
The market cap of Tigo Energy (TYGO) is approximately 54.8M.
What is Tigo Energy, Inc. known for?
Tigo Energy, Inc. is known for its advanced PV solar panel technology and patented impedance matching technology, enhancing safety, reliability, and energy production.
Where is Tigo Energy headquartered?
Tigo Energy is headquartered in Silicon Valley.
What products does Tigo Energy offer?
Tigo Energy designs solar power conversion and storage products, including advanced monitoring, theft prevention, and fleet management solutions.
What is the mission of Tigo Energy?
Tigo Energy's mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs for solar systems.
Who are Tigo Energy's partners?
Tigo Energy partners with module, inverter, and combiner box manufacturers to embed its technologies and ensure comprehensive safety and monitoring.
How does Tigo Energy enhance the ROI for its customers?
Tigo Energy enhances ROI by increasing energy production and maximizing system uptime for both new installations and retrofits.
What innovative technologies has Tigo Energy developed?
Tigo Energy has developed patented impedance matching technology and solutions for arcing, fire, and safety hazard monitoring.
What sectors does Tigo Energy serve?
Tigo Energy serves residential, commercial, and utility-scale solar system sectors.
Does Tigo Energy offer safety monitoring solutions?
Yes, Tigo Energy provides advanced safety monitoring solutions, including arcing and fire hazard detection.
What recent achievements has Tigo Energy made?
Tigo Energy has been involved in numerous groundbreaking projects and has formed strategic partnerships to advance its technology and market presence.
Tigo Energy, Inc.
Nasdaq:TYGO
TYGO Rankings
TYGO Stock Data
54.82M
29.26M
51.52%
15.19%
0.11%
Solar
Semiconductors & Related Devices
United States of America
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