Tigo Energy (TYGO)


Market Price (9/26/2026): $0.8588 | Market Cap: $65.5 MilSector: Information Technology | Industry: Semiconductors

Tigo Energy (TYGO)


Market Price (9/26/2026): $0.8588
Market Cap: $65.5 Mil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 50%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -76%

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Solar Energy Generation, Renewable Energy Equipment, Show more.

Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -165%

Penny stock
Mkt Price is 0.9

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.4%

High stock price volatility
Vol 12M is 104%

Key risks
TYGO key risks include [1] potential financial distress highlighted by a looming $50 million debt maturity, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 50%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -76%
4 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Solar Energy Generation, Renewable Energy Equipment, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -81%, 3Y Excs Rtn is -165%
6 Penny stock
Mkt Price is 0.9
7 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.8%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.4%
9 High stock price volatility
Vol 12M is 104%
10 Key risks
TYGO key risks include [1] potential financial distress highlighted by a looming $50 million debt maturity, Show more.

TYGO in ETFs

Weight = TYGO's share of each fund

VTI0.00%
IWM0.00%
IWO0.00%
VTWO0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

Tigo Energy (TYGO) stock has lost about 80% since 5/31/2026 because of the following key factors:

1. Tigo Energy reported a significant revenue miss and lowered its full-year guidance during its fiscal Q2 2026 earnings call on August 4, 2026.

The company's revenue of $25.4 million fell short of analyst estimates of $30.82 million by approximately 17.6%. Concurrently, Tigo Energy slashed its full-year 2026 revenue outlook to between $100 million and $110 million, a considerable reduction from its previous guidance of $130 million to $135 million.

2. Weak market conditions in the U.S. residential solar sector, influenced by the expiration of a clean-energy tax credit, impacted sales.

Management cited "soft U.S. sales following the expiration of the residential clean-energy tax credit" as a contributing factor to the lower-than-expected performance. While U.S. residential solar installations increased 6% year-over-year in fiscal Q1 2026, they experienced a 15% quarter-over-quarter decline, indicating broader market challenges.

Show more
Updated on 9/1/2026

Tigo Energy (TYGO) stock has lost about 80% since 5/31/2026 because of the following key factors:

1. Tigo Energy reported a significant revenue miss and lowered its full-year guidance during its fiscal Q2 2026 earnings call on August 4, 2026.

The company's revenue of $25.4 million fell short of analyst estimates of $30.82 million by approximately 17.6%. Concurrently, Tigo Energy slashed its full-year 2026 revenue outlook to between $100 million and $110 million, a considerable reduction from its previous guidance of $130 million to $135 million.

2. Weak market conditions in the U.S. residential solar sector, influenced by the expiration of a clean-energy tax credit, impacted sales.

Management cited "soft U.S. sales following the expiration of the residential clean-energy tax credit" as a contributing factor to the lower-than-expected performance. While U.S. residential solar installations increased 6% year-over-year in fiscal Q1 2026, they experienced a 15% quarter-over-quarter decline, indicating broader market challenges.

3. Operational delays with a key U.S. optimized inverter partner postponed significant product shipments.

Tigo Energy experienced operational delays with a U.S. optimized inverter partner, leading to a shift in the anticipated volume shipments of its Section 45X and ITC qualified optimized inverter solution to fiscal Q4 2026. This company-specific issue deferred expected revenue contributions.

4. The company experienced a notable decline in gross profit margin.

Gross profit margin decreased to 39.3% in fiscal Q2 2026, down from 44.7% in the same period of the prior year. This reduction was primarily attributed to sales of older battery inventory.

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Stock Movement Drivers

Fundamental Drivers

The -78.9% change in TYGO stock from 5/31/2026 to 9/25/2026 was primarily driven by a -92.5% change in the company's P/E Multiple.
(LTM values as of)53120269252026Change
Stock Price ($)4.070.86-78.9%
Change Contribution By: 
Total Revenues ($ Mil)1101111.2%
Net Income Margin (%)3.1%9.0%192.3%
P/E Multiple87.66.6-92.5%
Shares Outstanding (Mil)7376-4.9%
Cumulative Contribution-78.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/25/2026
ReturnCorrelation
TYGO-78.9% 
Market (SPY)2.2%38.7%
Sector (XLK)2.9%40.4%

Fundamental Drivers

The -76.8% change in TYGO stock from 2/28/2026 to 9/25/2026 was primarily driven by a -78.0% change in the company's P/S Multiple.
(LTM values as of)22820269252026Change
Stock Price ($)3.700.86-76.8%
Change Contribution By: 
Total Revenues ($ Mil)9111122.5%
P/S Multiple2.70.6-78.0%
Shares Outstanding (Mil)6676-13.9%
Cumulative Contribution-76.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/25/2026
ReturnCorrelation
TYGO-76.8% 
Market (SPY)13.0%37.2%
Sector (XLK)41.8%37.9%

Fundamental Drivers

The -38.6% change in TYGO stock from 8/31/2025 to 9/25/2026 was primarily driven by a -49.7% change in the company's P/S Multiple.
(LTM values as of)83120259252026Change
Stock Price ($)1.400.86-38.6%
Change Contribution By: 
Total Revenues ($ Mil)7411149.5%
P/S Multiple1.20.6-49.7%
Shares Outstanding (Mil)6276-18.3%
Cumulative Contribution-38.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/25/2026
ReturnCorrelation
TYGO-38.6% 
Market (SPY)20.9%27.7%
Sector (XLK)50.4%27.2%

Fundamental Drivers

The -91.1% change in TYGO stock from 8/31/2023 to 9/25/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120239252026Change
Stock Price ($)9.620.86-91.1%
Change Contribution By: 
Total Revenues ($ Mil)�1110.0%
Net Income Margin (%)�9.0%0.0%
P/E Multiple�6.60.0%
Shares Outstanding (Mil)�760.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/25/2026
ReturnCorrelation
TYGO-91.1% 
Market (SPY)77.8%21.5%
Sector (XLK)127.9%23.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TYGO Return1%3%-80%-53%40%-36%-91%
Peers Return-1%-14%-27%-42%28%-16%-61%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
TYGO Win Rate50%75%50%50%50%44% 
Peers Win Rate40%48%38%40%44%42% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
TYGO Max Drawdown--5%-93%-62%-50%-83% 
Peers Max Drawdown-48%-52%-67%-56%-50%-62% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENPH, SEDG, GNRC, RUN, SPWR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)

How Low Can It Go

EventTYGOS&P 500
2025 US Tariff Shock
  % Loss-33.7%-18.8%
  % Gain to Breakeven50.7%23.1%
  Time to Breakeven56 days79 days
2024 Yen Carry Trade Unwind
  % Loss-44.5%-7.8%
  % Gain to Breakeven80.2%8.5%
  Time to Breakeven392 days18 days

Compare to ENPH, SEDG, GNRC, RUN, SPWR

In The Past

Tigo Energy's stock fell -33.7% during the 2025 US Tariff Shock. Such a loss loss requires a 50.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTYGOS&P 500
2025 US Tariff Shock
  % Loss-33.7%-18.8%
  % Gain to Breakeven50.7%23.1%
  Time to Breakeven56 days79 days
2024 Yen Carry Trade Unwind
  % Loss-44.5%-7.8%
  % Gain to Breakeven80.2%8.5%
  Time to Breakeven392 days18 days

Compare to ENPH, SEDG, GNRC, RUN, SPWR

In The Past

Tigo Energy's stock fell -33.7% during the 2025 US Tariff Shock. Such a loss loss requires a 50.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Tigo Energy (TYGO)

Tigo Energy (TYGO) is a provider of intelligent solutions for the solar and energy storage industries. The company develops smart hardware and software designed to improve the safety, increase the energy production, and reduce the operational expenses of solar systems across various scales.

Its primary product offerings include Flex Module Level Power Electronics (MLPE) and solar optimizer technology, which are complemented by intelligent, cloud-based software. These solutions enable real-time energy monitoring, maximize solar array performance, and provide critical, code-required rapid shutdown capabilities at the module level.

Tigo Energy serves a diverse customer base, providing its technology to residential, commercial, and utility-scale solar system installations. Furthermore, the company expands its reach into the residential solar-plus-storage market by manufacturing and supplying inverters and battery storage systems.

AI Analysis | Feedback

  • Intel for solar energy systems
  • Honeywell for solar and battery energy management

AI Analysis | Feedback

  • Flex MLPE (Module Level Power Electronics): These smart hardware products maximize solar performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level.
  • Solar Optimizer Technology: This technology is combined with MLPE to enhance safety, increase energy yield, and lower operating costs of solar systems.
  • Cloud-based Software for Energy Monitoring and Control: This intelligent software provides capabilities for energy system monitoring and control.
  • Inverters: These hardware products convert solar-generated DC electricity to AC electricity for residential solar-plus-storage systems.
  • Battery Storage Systems: These hardware products store energy for residential solar-plus-storage applications.

AI Analysis | Feedback

Based on the provided company description, Tigo Energy (TYGO) primarily sells its products and solutions to other companies (B2B) rather than directly to individual consumers.

The company develops and manufactures smart hardware and software solutions, including Flex MLPE (Module Level Power Electronics), solar optimizer technology, inverters, and battery storage systems. These products are designed to enhance safety, increase energy yield, and lower operating costs when integrated into residential, commercial, and utility-scale solar systems.

As such, Tigo Energy's major customers would typically be other companies involved in the solar energy value chain, such as:

  • Solar Installers and Contractors: Companies that design, procure, and install complete solar energy systems for homes, businesses, and industrial facilities.
  • Solar System Integrators and Developers: Businesses that develop large-scale solar projects, combining various components into full commercial or utility-scale power plants.
  • Solar Equipment Distributors: Wholesalers that supply solar components, including Tigo's optimizers, MLPEs, and inverters, to installers and system integrators.
  • Other Solar Equipment Manufacturers: Companies that might integrate Tigo Energy's specialized components, like MLPEs or optimizers, into their own solar panel or inverter offerings.

The provided background information does not identify specific major customer companies by name or include their stock symbols.

AI Analysis | Feedback

  • Flex Ltd. (FLEX)
  • Wistron Corporation (3231)
  • Hon Hai Precision Industry Co., Ltd. (2317)

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Zvi Alon, Chief Executive Officer and Chairman

Zvi Alon has over 30 years of business experience as an executive, partner, and advisor to various venture capital groups in high tech, clean tech, and real estate. He has served as chairman, chief executive, president, and founder of several companies, with two (NetManage in the US and NetVision in Israel) having IPO'ed into the public market. He led NetManage, Inc. through its growth and sale in 2008. He is the Founder and Chairman of the California Israel Chamber of Commerce (CICC) and a Co-Founder of the California Israel Angels (CIA). Since 2014, he has also been Chairman of Business Intelligence Associates, Inc., a private eDiscovery firm.

Bill Roeschlein, Chief Financial Officer

Bill Roeschlein leads Tigo's Legal, HR, IT, and Finance teams and played a key role in the company's private to public transition via de-SPAC in 2023. Prior to joining Tigo, he served as CFO for two public companies, Perceptron and Intermolecular, where he enhanced operating profitability and oversaw cross-border M&A acquisitions. He also previously served as Chief Financial Officer at Nanosys, Inc., where he led its most recent financing, and at Perceptron, Inc., where he managed the M&A sale and integration process to Atlas Copco. His early career included financial planning and audit roles at Coopers & Lybrand, Hewlett-Packard, and Asyst Technologies.

Anita Chang, Chief Operating Officer

Anita Chang is responsible for leading Tigo's product delivery and fulfillment obligations globally. She brings over 17 years of experience in global Sales, Engineering, Quality Assurance, Product Management, and Supplier Management across diverse industries. Her previous leadership positions include roles at TE Connectivity, Quanta Storage Inc., and Taiwan Video & Monitor Corp.

Jing Tian, Chief Growth and Revenue Officer

Jing Tian is responsible for spearheading Tigo's strategic growth initiatives, driving revenue generation, and scaling the company's business worldwide.

James (JD) Dillon, Chief Marketing & Customer Experience Officer

AI Analysis | Feedback

Here are the key risks to Tigo Energy's business:

  1. Challenges in Achieving and Sustaining Profitability and Financial Health: Tigo Energy has faced significant financial challenges, including negative operating and net margins, which indicate operational inefficiencies and substantial losses relative to revenue. The company has historically struggled with liquidity and a high debt-to-equity ratio, though recent efforts have been made to strengthen the balance sheet by eliminating convertible notes. Despite demonstrating strong revenue growth, the ability to consistently achieve and maintain profitability remains a critical risk, with uncertainties surrounding future earnings expectations.
  2. Intense Competition and Rapid Technological Evolution in the Solar Industry: Tigo Energy operates within a highly competitive and rapidly evolving solar and energy storage market. The company is constantly exposed to swift technological advancements, pricing pressures, and the need for continuous innovation. Maintaining and expanding market share against larger, more established players presents an ongoing and significant challenge. The company's ability to sustain its competitive edge and profitability in this dynamic landscape is crucial.
  3. Dependence on Government Policies, Subsidies, and Regulatory Landscape: The solar industry is heavily influenced by government regulations, economic incentives, and policy shifts. Changes in these areas, such as alterations to government subsidies, tax incentives for solar energy solutions, or the imposition of trade tariffs, can directly and materially impact Tigo Energy's operations, market demand for its products, and overall financial performance.

AI Analysis | Feedback

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AI Analysis | Feedback

Tigo Energy (NASDAQ: TYGO) operates in several growing addressable markets globally for its intelligent solar and energy storage solutions.

Module Level Power Electronics (MLPE) and Solar Optimizers

The global Module Level Power Electronics (MLPE) market, which includes solar optimizers, was valued at approximately $3.1 billion in 2024 and is projected to reach $10.7 billion by 2033. Another estimate places the global MLPE market at $5.82 billion in 2025, with a projected growth to $15.36 billion by 2033. Specifically, the global solar power optimizer market was valued at approximately $1.75 billion (US$ 1752 million) in 2025 and is anticipated to reach around $3.15 billion (US$ 3147 million) by 2032.

Intelligent, Cloud-Based Software for Energy Monitoring and Control

The global solar monitoring software market was valued at approximately $1.2 billion in 2024 and is expected to grow to about $3.7 billion by 2033. Other estimates for the global solar software market, which includes monitoring and control, show a valuation of approximately $1.5 billion in 2023, projected to reach around $3.8 billion by 2032. Another source projects the global Solar Monitoring Software market to reach approximately $5.5 billion (USD 5,500 million) by 2025.

Inverters for the Residential Solar-Plus-Storage Market

The global residential solar PV inverter market was estimated at $4.2 billion in 2024 and is projected to grow from $4.5 billion in 2025 to $7.6 billion in 2034. Other reports indicate the residential solar PV inverter market size was $5.35 billion in 2025 and is expected to reach $7.34 billion by 2030.

Battery Storage Systems for the Residential Solar-Plus-Storage Market

The global residential battery market size was valued at $14.86 billion in 2023 and is expected to reach $61.33 billion in 2032. Another estimate for the global residential energy storage market values it at $13 billion. For Residential Battery Energy Storage Systems (BESS), the market was valued at $9.83 billion in 2025 and is expected to reach $30.96 billion by 2033. More broadly, the global residential battery market size is estimated at $26.02 billion in 2026 and is expected to reach $57.93 billion by 2031.

AI Analysis | Feedback

Tigo Energy (TYGO) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:

  1. Expansion of Energy Storage and Software Solutions: The introduction of new products, such as the GO Battery for the U.S. market, is anticipated to enhance upsell opportunities and contribute significantly to growth in the rapidly expanding solar-plus-storage sector. Tigo Energy is also expanding its technology platform to include broader energy storage systems and "AI-driven software solutions" aimed at boosting sales in 2026 and beyond. Furthermore, new software for active commissioning is expected to support installers with both basic and advanced solar-plus-storage configurations.
  2. Strategic Partnerships and U.S. Manufacturing: A key partnership with EG4 Electronics for the domestic manufacturing of optimized inverters and Module Level Power Electronics (MLPE) in the United States is expected to drive revenue. This initiative supports the production of U.S. domestic content-compliant MLPE and enhances product availability for installers.
  3. Continued Market Share Gains: Tigo Energy has demonstrated market share gains, with its optimizer unit volume outgrowing its main competitor in 2025. Management anticipates that the company will continue to outpace its competitors, especially as some competitors reduce their physical footprint in key regions like EMEA and APAC, which is expected to benefit Tigo.
  4. Growth in the Solar Repowering Market: The increasing adoption of repowering solutions, which involve upgrading aging solar installations with modern electronics, is identified as a significant driver. With over one million residential solar systems in the U.S. exceeding ten years in age, the inverter replacement market presents a rapidly expanding opportunity for Tigo's Inverter Power Output Control (IPOC) and other solutions that facilitate system updates.
  5. Geographic Expansion and Increasing International Demand: Tigo Energy is experiencing expanding demand across various international markets, including EMEA, the Americas, and APAC. The company has achieved certification for its EI Residential solar-plus-storage solution with Romanian grid operators, marking a significant market expansion in Europe. Strong performance in the U.S. and sequential growth in several other countries are also contributing factors, alongside expected market growth opportunities in regions like Italy.

AI Analysis | Feedback

Share Issuance

  • Tigo Energy completed a registered direct offering in February 2026, selling 5 million shares of common stock at $3.00 per share, which generated gross proceeds of approximately $15 million intended for general corporate and working capital purposes.
  • In connection with its business combination on May 23, 2023, Tigo issued 56,326,024 new shares of common stock to holders of Legacy Tigo common stock and an additional 118,021 shares.
  • The company's outstanding common shares increased to 70.3 million in fiscal year 2025 from 60.76 million in fiscal year 2024, reflecting a 15.69% year-over-year dilution.

Inbound Investments

  • Institutional investors participated in Tigo Energy's $15 million registered direct offering in February 2026.
  • As of Q3 2025, institutional investors and hedge funds owned approximately 15.72% of Tigo Energy's stock, with Vanguard Group Inc. significantly increasing its holdings and other firms like Hillsdale Investment Management Inc., GSA Capital Partners LLP, and JPMorgan Chase & Co. acquiring new stakes.

Capital Expenditures

  • Tigo Energy's capital expenditures were approximately $1.3 million in 2024.

Better Bets vs. Tigo Energy (TYGO)

Peer Outperformance in Semiconductors

TYGO has trailed 91% of its 54 Semiconductors peers over 5Y. Among the peers that beat it are PENG, SMTC and LASR. Semiconductors ranks 6th of 12 industries in Information Technology by median 5Y return.
Share of Semiconductors constituents that TYGO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
6%
of 66 industry peers · -64.8% return
3Y
7%
of 59 industry peers · -87.2% return
5Y
9%
of 54 industry peers · -91.2% return
Semiconductors peers with revenue growth within 4pp of TYGO's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
TYGO Tigo Energy 10.0% 6.6x -64.8%-87.2%-91.2% —
PENG Penguin Solutions 9.8% 29.6x 111.8%137.4%131.4% +223pp
SMTC Semtech 13.2% 110.4x 195.8%617.4%123.8% +215pp
LASR nLight 13.7% -184.2x 43.8%292.7%44.6% +136pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is TYGO's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 68.8%203.4%292.1% TTMI 931% · FLEX 720% · SANM 472%
Semiconductor Materials & Equipment 27 98.9%100.0%115.6% AXTI 818% · AEHR 560% · LRCX 443%
Technology Distributors 9 42.3%87.0%104.8% CLMB 416% · AVT 210% · SNX 152%
Communications Equipment 36 17.2%81.5%68.7% AAOI 1301% · FEIM 1056% · LITE 988%
Electronic Components 26 49.4%72.5%66.4% CLS 3763% · BELFA 1387% · COHR 381%
Semiconductors ← 55 34.1%43.0%40.1% POET 1808% · MU 1399% · NVDA 924%
Technology Hardware, Storage & Peripherals 20 22.7%129.4%33.3% STX 1127% · DELL 1084% · SMCI 1060%
Internet Services & Infrastructure 6 2.2%49.1%28.3% DOCN 69% · GDDY 37% · VRSN 34%
Electronic Equipment & Instruments 26 -15.9%15.2%-11.2% PI 190% · OSIS 110% · KEYS 103%
IT Consulting & Other Services 30 -23.9%-17.4%-36.6% CHRN 522268% · APLD 1124% · TSSI 797%
Application Software 124 -30.0%-12.7%-48.3% VIDA 144067% · INLX 4910% · PLTR 564%
Systems Software 72 -20.8%11.1%-63.1% QNC 609% · ZETA 391% · PANW 358%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TYGOENPHSEDGGNRCRUNSPWRMedian
NameTigo Ene.Enphase .SolarEdg.Generac Sunrun SunPower  
Mkt Price0.8632.4032.68208.148.110.3120.25
Mkt Cap0.14.32.012.21.90.02.0
Rev LTM1111,3291,3324,4393,4762831,330
Op Inc LTM-3116-11542192-5745
FCF LTM-815390379-2,211-6041
FCF 3Y Avg-16274-171469-3,000-52-34
CFO LTM-7205114548-200-6053
CFO 3Y Avg-15325-91626-514-51-33

Growth & Margins

TYGOENPHSEDGGNRCRUNSPWRMedian
NameTigo Ene.Enphase .SolarEdg.Generac Sunrun SunPower  
Rev Chg LTM49.5%-10.4%41.6%0.6%63.2%18.6%30.1%
Rev Chg 3Y Avg10.0%-18.4%-18.3%3.4%17.2%100.2%6.7%
Rev Chg Q5.6%-19.6%19.6%10.6%52.8%-17.0%8.1%
QoQ Delta Rev Chg LTM1.2%-5.1%4.5%2.6%9.5%-3.8%1.9%
Op Inc Chg LTM92.2%-39.0%91.3%-25.0%118.9%11.2%51.2%
Op Inc Chg 3Y Avg-85.9%-10.1%-86.9%12.6%52.3%-16.5%-13.3%
Op Mgn LTM-2.8%8.7%-8.6%9.5%2.7%-20.1%-0.1%
Op Mgn 3Y Avg-47.7%9.5%-61.7%10.9%-18.1%-40.3%-29.2%
QoQ Delta Op Mgn LTM-0.1%1.3%5.1%2.0%4.4%-5.7%1.7%
CFO/Rev LTM-6.5%15.4%8.6%12.3%-5.8%-21.4%1.4%
CFO/Rev 3Y Avg-29.5%22.8%-6.0%14.6%-23.2%-36.6%-14.6%
FCF/Rev LTM-7.4%11.5%6.8%8.5%-63.6%-21.4%-0.3%
FCF/Rev 3Y Avg-30.9%19.2%-12.3%11.0%-129.1%-37.7%-21.6%

Valuation

TYGOENPHSEDGGNRCRUNSPWRMedian
NameTigo Ene.Enphase .SolarEdg.Generac Sunrun SunPower  
Mkt Cap0.14.32.012.21.90.02.0
P/S0.63.21.52.80.60.21.0
P/Op Inc-21.136.9-17.329.021.0-0.810.1
P/EBIT5.425.7-7.530.314.52.410.0
P/E6.631.9-7.447.44.8-4.35.7
P/CFO-9.120.917.522.3-9.7-0.88.4
Total Yield15.2%3.1%-13.5%2.1%20.8%-23.1%2.6%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-15.2%3.9%-13.6%4.9%-127.9%--13.6%
D/E0.10.10.20.17.93.00.2
Net D/E-0.2-0.1-0.10.17.52.90.0

Returns

TYGOENPHSEDGGNRCRUNSPWRMedian
NameTigo Ene.Enphase .SolarEdg.Generac Sunrun SunPower  
1M Rtn-17.3%-15.7%-1.2%0.7%-11.2%4.9%-6.2%
3M Rtn-61.4%-31.9%-36.9%-25.3%-39.9%-50.1%-38.4%
6M Rtn-78.5%-14.4%-36.9%7.1%-35.6%-74.9%-36.2%
12M Rtn-64.8%-12.6%-13.8%26.7%-52.0%-80.7%-32.9%
3Y Rtn-87.2%-72.8%-74.3%101.6%-35.4%-80.7%-73.6%
1M Excs Rtn-18.2%-16.5%-2.1%-0.1%-12.1%4.0%-7.1%
3M Excs Rtn-66.7%-37.2%-42.1%-30.6%-45.2%-55.4%-43.7%
6M Excs Rtn-97.9%-38.9%-54.5%-14.4%-54.1%-95.4%-54.3%
12M Excs Rtn-79.3%-31.4%-29.4%7.7%-66.1%-98.3%-48.7%
3Y Excs Rtn-164.9%-149.8%-152.4%12.9%-119.0%-156.6%-151.1%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Design, development and sale of solar energy optimization solutions104541458144
Total104541458144


Price Behavior

Price Behavior
Market Price$0.86 
Market Cap ($ Bil)0.1 
First Trading Date09/03/2021 
Distance from 52W High-83.3% 
   50 Days200 Days
DMA Price$1.26$2.72
DMA Trenddowndown
Distance from DMA-31.6%-68.4%
 3M1YR
Volatility96.5%103.6%
Downside Capture806.66379.08
Upside Capture138.55188.93
Correlation (SPY)40.1%28.2%
TYGO Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta4.224.452.992.662.311.41
Up Beta3.286.193.842.962.701.28
Down Beta-6.46-1.80-0.96-0.150.821.09
Up Capture115%240%120%217%482%111%
Bmk +ve Days10213268138427
Stock +ve Days5131951113331
Down Capture1311%672%443%285%183%112%
Bmk -ve Days11213259113324
Stock -ve Days14274272128378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TYGO
TYGO-62.8%103.6%-0.47-
Sector ETF (XLK)41.7%26.4%1.2827.6%
Equity (SPY)17.7%13.0%0.9828.2%
Gold (GLD)14.7%29.3%0.4614.7%
Commodities (DBC)46.8%20.7%1.751.9%
Real Estate (VNQ)4.5%13.6%0.0711.5%
Bitcoin (BTCUSD)-25.5%44.8%-0.5317.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TYGO
TYGO-40.4%102.0%-0.17-
Sector ETF (XLK)21.3%26.0%0.7317.8%
Equity (SPY)13.3%17.2%0.5916.0%
Gold (GLD)19.2%18.8%0.838.2%
Commodities (DBC)11.2%19.5%0.454.6%
Real Estate (VNQ)0.9%18.9%-0.067.5%
Bitcoin (BTCUSD)12.3%52.6%0.414.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TYGO
TYGO-22.7%101.8%-0.17-
Sector ETF (XLK)24.8%25.0%0.9017.7%
Equity (SPY)15.5%17.9%0.7316.0%
Gold (GLD)12.1%16.4%0.618.2%
Commodities (DBC)8.7%18.1%0.394.6%
Real Estate (VNQ)4.8%20.7%0.197.5%
Bitcoin (BTCUSD)63.9%66.2%1.044.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity3.0 Mil
Short Interest: % Change Since 8312026-2.7%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest4.6 days
Basic Shares Quantity76.3 Mil
Short % of Basic Shares3.9%

Earnings Returns History

Updated 9/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-36.8%-38.7%-47.5%
5/5/2026-13.4%-20.2%-30.6%
2/24/202613.0%2.0%22.6%
10/28/2025-9.8%-11.8%-30.3%
7/29/202519.5%0.8%10.6%
5/6/202511.7%16.7%33.6%
2/11/20250.0%1.0%-13.0%
11/6/2024-6.1%-9.6%-31.3%
...
SUMMARY STATS   
# Positive654
# Negative789
Median Positive12.4%2.0%22.7%
Median Negative-11.8%-16.0%-30.3%
Max Positive20.9%16.7%33.6%
Max Negative-43.6%-46.4%-57.7%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/2026-36.8%-38.7%-47.5%
5/5/2026-13.4%-20.2%-30.6%
2/24/202613.0%2.0%22.6%
10/28/2025-9.8%-11.8%-30.3%
7/29/202519.5%0.8%10.6%
5/6/202511.7%16.7%33.6%
2/11/20250.0%1.0%-13.0%
11/6/2024-6.1%-9.6%-31.3%
8/6/2024-11.8%-25.0%-18.1%
5/14/20246.6%-6.6%22.8%
2/13/202420.9%-5.8%-17.3%
11/7/2023-4.0%6.2%-19.0%
8/8/2023-43.6%-46.4%-57.7%
SUMMARY STATS   
# Positive654
# Negative789
Median Positive12.4%2.0%22.7%
Median Negative-11.8%-16.0%-30.3%
Max Positive20.9%16.7%33.6%
Max Negative-43.6%-46.4%-57.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/05/202610-Q
12/31/202503/19/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202403/20/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/14/202410-Q
12/31/202303/21/202410-K
09/30/202311/07/202310-Q
06/30/202308/11/202310-Q
12/31/202204/07/2023S-4/A
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/04/202610-Q
03/31/202605/05/202610-Q
12/31/202503/19/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202403/20/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/14/202410-Q
12/31/202303/21/202410-K
09/30/202311/07/202310-Q
06/30/202308/11/202310-Q
12/31/202204/07/2023S-4/A

Recent Forward Guidance

Updated 9/15/2026

Latest: Q2 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 RevenueReported24.00 Mil25.00 Mil26.00 Mil   
Q3 2026 Adjusted EBITDAReported-1.00 Mil-0.25 Mil0.50 Mil   
2026 RevenueReported100.00 Mil105.00 Mil110.00 Mil-20.8% LoweredGuidance: 132.50 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported30.00 Mil31.00 Mil32.00 Mil19.2% Higher NewGuidance: 26.00 Mil for Q1 2026
Q2 2026 Adjusted EBITDAReported1.00 Mil2.00 Mil3.00 Mil  Higher NewGuidance: 0 for Q1 2026
2026 RevenueReported130.00 Mil132.50 Mil135.00 Mil0 AffirmedGuidance: 132.50 Mil for 2026

Q4 2025 Earnings Reported 2/24/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 RevenueReported25.00 Mil26.00 Mil27.00 Mil-13.3% Lower NewGuidance: 30.00 Mil for Q4 2025
Q1 2026 Adjusted EBITDAReported-1.00 Mil01.00 Mil-100.0% Lower NewGuidance: 3.00 Mil for Q4 2025
2026 Revenue GrowthReported26.0%28.0%30.0%   
2026 RevenueReported130.00 Mil132.50 Mil135.00 Mil28.0% Higher NewGuidance: 103.50 Mil for 2025

Q3 2025 Earnings Reported 10/28/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 RevenueReported29.00 Mil30.00 Mil31.00 Mil0 Same NewActual: 30.00 Mil for Q3 2025
Q4 2025 Adjusted EBITDAReported2.00 Mil3.00 Mil4.00 Mil0 Same NewActual: 3.00 Mil for Q3 2025
2025 RevenueReported102.50 Mil103.50 Mil104.50 Mil1.0% RaisedGuidance: 102.50 Mil for 2025

Insider Activity

Updated 9/18/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Manor, SagitDirectSell61520262.8563,500180,975920,829Form
2Conley, Joan CDirectSell61220263.1050,000155,000706,496Form
3Alon, ZviCEO / ChairpersonDirectSell60520263.4272,057246,4354,238,461Form
4Alon, ZviCEO / ChairpersonDirectSell60320263.5287,912309,4504,616,033Form
5Alon, ZviCEO / ChairpersonDirectSell60320263.7284,356313,8045,166,582Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Manor, SagitDirectSell61520262.8563,500180,975920,829Form
2Conley, Joan CDirectSell61220263.1050,000155,000706,496Form
3Alon, ZviCEO / ChairpersonDirectSell60520263.4272,057246,4354,238,461Form
4Alon, ZviCEO / ChairpersonDirectSell60320263.5287,912309,4504,616,033Form
5Alon, ZviCEO / ChairpersonDirectSell60320263.7284,356313,8045,166,582Form
6Alon, ZviCEO / ChairpersonDirectSell60320263.8542,167162,3435,347,134Form
7Babai, TomerDirectSell52720264.1563,452263,167889,431Form
Core Cache Last Updated: 9/25/2026