
TYGO Stock Forecast & Price Target
TYGO Analyst Ratings
Bulls say
Tigo Energy Inc. is demonstrating strong potential with anticipated gross margins improving from approximately 30% in Q2 2024 to between 34% and 36% in the second half of the year, driven by revenue growth. The company is also expected to exceed consensus revenue estimates for 2024, bolstered by robust demand in markets such as Brazil and the Asia-Pacific region, alongside a history of increasing wattage per unit from 350W to 700W. Additionally, Tigo Energy's strategic acquisition of FSIGHT has enabled the creation of a high-margin, recurring revenue software business, positioning it favorably with a competitive product lineup, asset-light model, and established distribution channels.
Bears say
Tigo Energy has reported a significant decline in total revenues, falling to $9.8 million in 1Q24, representing an 80.4% decrease from $30.9 million in the same quarter of the prior year, despite a slight sequential increase. Forecasts indicate that the company will continue to face challenges, with projected 2Q24 revenues of $13.7 million and an adjusted EBITDA loss of $5.8 million, reflecting the adverse effects of market oversupply and economic conditions. Additionally, Tigo's stock has plummeted approximately 75% since September, primarily due to a challenging macro environment characterized by high interest rates and excessive inventory in the solar industry.
This aggregate rating is based on analysts' research of Tigo Energy Inc and is not a guaranteed prediction by Public.com or investment advice.
TYGO Analyst Forecast & Price Prediction
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