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Tigo Energy, Inc., together with its subsidiaries, provides solar and energy storage solutions worldwide. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules for utility, commercial, and residential solar arrays. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities, and energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities, as well as Predict+, an energy consumption and demand forecasting software. In addition, it offers GO Battery modular, scalable energy storage system; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; Tigo Predict+ for energy demand forecasting; and GO Electric Vehicle (EV) Charger to reduce transportation costs. Further, it provides monitoring services. The company offers its products through distributors and solar installers. Tigo Energy, Inc. was founded in 2007 and is headquartered in Los Gatos, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Tigo Energy provides module-level power electronics and cloud monitoring for solar PV systems, including optimizers and rapid-shutdown devices that integrate with various inverters. Long-term growth may be supported by rising MLPE adoption due to safety rules, expanding distributed solar and storage, and demand for O&M software and analytics, which could support recurring revenue.
Key risks include intense competition from larger inverter and MLPE vendors, pricing and margin pressure, exposure to solar installation cycles and policy incentives, supply-chain and execution risk, and potential technology or patent disputes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -1.28M | -62.64M | -0.85M | -6.97M | -4.66M |
| Net income | -1.88M | -62.75M | -0.98M | -7.04M | -4.86M |
| Selling general administrative | 22.17M | 21.06M | 28.81M | 9.03M | 3.02M |
| Selling and marketing expenses | 17.44M | 16.92M | 21.28M | 10.95M | 7.57M |
| Gross profit | 44.35M | -4.16M | 51.11M | 24.77M | 12.64M |
| Reconciled depreciation | 1.27M | 1.22M | 0.98M | 0.56M | 0.42M |
| Ebit | 9.73M | -51.22M | -8.07M | -0.84M | -3.70M |
| Ebitda | 11.00M | -50.00M | -6.97M | -0.28M | -3.28M |
| Depreciation and amortization | 1.27M | 1.22M | 1.11M | 0.56M | 0.42M |
| Operating income | -4.50M | -52.00M | -8.07M | -0.90M | -3.71M |
| Other operating expenses | 108.03M | 106.01M | 153.31M | 82.22M | 47.36M |
| Interest expense | 11.01M | 11.42M | 8.12M | 1.49M | 2.51M |
| Tax provision | 0.60M | 0.10M | 0.10M | 0.07M | 0.20M |
| Interest income | 0.92M | 0.87M | 2.32M | 0.20M | - |
| Net interest income | -10.09M | -10.55M | -5.49M | -1.49M | -2.51M |
| Income tax expense | 0.60M | 0.10M | 0.14M | 0.07M | 0.20M |
| Total revenue | 103.54M | 54.01M | 145.23M | 81.32M | 43.64M |
| Total operating expenses | 48.85M | 47.84M | 59.18M | 25.67M | 16.35M |
| Cost of revenue | 59.19M | 58.17M | 94.12M | 56.55M | 31.00M |
| Total other income expense net | 3.22M | -10.65M | 7.23M | -4.58M | 1.56M |
| Net income from continuing ops | -1.88M | -62.75M | 14.69M | -7.04M | -4.86M |
| Net income applicable to common shares | - | - | - | -13.38M | -7.70M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 78.04M | 72.91M | 132.73M | 88.08M | 23.96M |
| Intangible assets | 1.65M | 1.92M | 2.19M | 0.06M | 0.05M |
| Other current assets | 5.15M | 3.53M | 5.24M | 3.97M | 1.53M |
| Total liab | 50.41M | 64.53M | 69.91M | 143.77M | 73.85M |
| Total stockholder equity | 27.62M | 8.38M | 62.82M | -55.69M | -49.90M |
| Other current liab | 7.75M | 7.86M | 9.21M | 5.67M | 1.75M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.00M | 0.00M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.00M | 0.00M |
| Retained earnings | -140.41M | -138.53M | -75.78M | -62.22M | -55.18M |
| Other liab | - | - | - | 4.13M | - |
| Good will | 12.21M | 12.21M | 12.21M | - | - |
| Other assets | - | - | - | 0.08M | 0.00M |
| Cash | 7.67M | 11.75M | 4.41M | 36.19M | 6.18M |
| Total current liabilities | 38.77M | 17.11M | 26.42M | 39.59M | 22.05M |
| Current deferred revenue | 0.96M | 0.53M | 0.34M | 0.05M | 0.05M |
| Net debt | -5.00M | 30.38M | 29.75M | -14.21M | 3.23M |
| Short term debt | 0.86M | 0.65M | 1.19M | 10.58M | 8.00M |
| Short long term debt | - | - | - | 10.00M | 8.00M |
| Short long term debt total | 2.67M | 42.12M | 34.15M | 21.98M | 9.41M |
| Other stockholder equity | 168.02M | 146.90M | 138.66M | 6.52M | 5.28M |
| Property plant equipment | - | - | - | 2.90M | - |
| Total current assets | 58.00M | 53.41M | 104.71M | 85.09M | 22.95M |
| Long term investments | - | 0.00M | 1.98M | - | - |
| Net tangible assets | - | - | - | -55.69M | - |
| Short term investments | 0.00M | 8.16M | 26.81M | - | - |
| Net receivables | 13.89M | 7.98M | 6.86M | 16.27M | 3.88M |
| Long term debt | - | 40.51M | 31.57M | 10.64M | 1.41M |
| Inventory | 31.29M | 22.00M | 61.40M | 24.91M | 10.07M |
| Accounts payable | 29.20M | 8.08M | 15.69M | 23.29M | 12.25M |
| Accumulated other comprehensive income | - | 0.00M | -0.06M | - | - |
| Non currrent assets other | 1.19M | 0.98M | 0.71M | 0.08M | 0.08M |
| Non current assets total | 20.04M | 19.50M | 28.02M | 2.99M | 1.01M |
| Capital lease obligations | 2.67M | 1.61M | 2.58M | 1.34M | 0.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 8.62M | 19.76M | -41.86M | -1.60M | -0.32M |
| Change to liabilities | - | - | - | 10.88M | 0.00M |
| Total cashflows from investing activities | 22.62M | 19.76M | - | -1.60M | -1.60M |
| Net borrowings | -50.25M | 0.00M | - | 10.84M | 10.84M |
| Total cash from financing activities | -36.99M | -0.06M | 34.82M | 48.32M | 7.30M |
| Change to operating activities | - | - | - | -0.45M | -0.45M |
| Net income | -1.88M | -62.75M | -0.98M | -7.04M | -4.86M |
| Change in cash | -4.08M | 7.34M | -33.31M | 30.24M | 1.98M |
| Begin period cash flow | 11.75M | 4.41M | 37.72M | 7.47M | 5.49M |
| End period cash flow | 7.67M | 11.75M | 4.41M | 37.72M | 7.47M |
| Total cash from operating activities | 10.30M | -12.35M | -37.22M | -16.47M | -4.99M |
| Issuance of capital stock | 13.47M | 0.02M | 0.00M | 40.98M | 15.00M |
| Depreciation | 1.27M | 1.22M | 1.11M | 0.56M | 0.42M |
| Other cashflows from investing activities | 14.64M | - | - | -0.46M | -0.46M |
| Dividends paid | - | - | 0.00M | 0.00M | 0.00M |
| Change to inventory | -10.77M | 16.30M | -37.20M | -14.97M | -5.48M |
| Change to account receivables | -5.90M | 0.57M | 5.20M | -12.53M | 0.80M |
| Sale purchase of stock | - | - | -0.09M | - | - |
| Other cashflows from financing activities | 13.10M | -0.08M | 63.42M | 62.16M | -102.67M |
| Change to netincome | - | - | - | 7.07M | 7.07M |
| Capital expenditures | 0.64M | 1.29M | 2.56M | 1.15M | 0.32M |
| Change in working capital | 6.04M | 10.47M | -38.51M | -17.07M | -0.58M |
| Stock based compensation | 7.86M | 7.72M | 3.81M | 0.81M | 0.18M |
| Other non cash items | -2.98M | 30.98M | -2.62M | 0.91M | 1.65M |
| Free cash flow | 9.66M | -13.64M | -39.79M | -17.62M | -5.31M |
Sector: Technology Industry: Solar
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TYGO Tigo Energy Inc. |
0.00 0.50% |
0.88 | 6.44 | 85.47 | 0.71 | 1.77 | 0.62 | 5.13 |
| FSLR First Solar Inc |
6.07 3.33% |
188.12 | 13.14 | 11.49 | 3.84 | 2.17 | 3.54 | 8.58 |
| NXT Nextpower Inc. |
5.05 5.54% |
96.18 | 21.39 | 18.42 | 3.38 | 4.90 | 3.30 | 15.84 |
| ENPH Enphase Energy Inc |
2.67 9.54% |
30.59 | 136.61 | 18.32 | 6.79 | 9.24 | 6.51 | 53.17 |
| XISHY Xinyi Solar Holdings Limited |
- -% |
4.64 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
Tigo Energy, Inc., together with its subsidiaries, provides solar and energy storage solutions worldwide. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules for utility, commercial, and residential solar arrays. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities, and energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities, as well as Predict+, an energy consumption and demand forecasting software. In addition, it offers GO Battery modular, scalable energy storage system; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; Tigo Predict+ for energy demand forecasting; and GO Electric Vehicle (EV) Charger to reduce transportation costs. Further, it provides monitoring services. The company offers its products through distributors and solar installers. Tigo Energy, Inc. was founded in 2007 and is headquartered in Los Gatos, California.
983 University Avenue, Los Gatos, CA, United States, 95032
408 402 0802
138
| Name | Title | Year Born |
|---|---|---|
| Mr. Zvi Alon | Chairman & CEO | 1953 |
| Mr. Bill Roeschlein | Chief Financial Officer | 1970 |
| Mr. James Dillon | Chief Marketing Officer | 1973 |
| Dr. Jeffrey Sullivan | Chief Operating Officer | 1973 |
| Ms. Jing Tian | Chief Growth Officer | 1965 |
| Mr. Mirko Bindi | Senior VP of Sales for EMEA & MD of Europe | NA |
| Mr. James Dillon | Chief Marketing & Customer Experience Officer | 1973 |
| Ms. Anita Chang | Chief Operating Officer | 1974 |
| Ms. Jing Tian | Chief Growth & Revenue Officer | 1965 |
| Luca Ressel | Business Development Manager of Italy | NA |
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