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Investing.com - Roth/MKM has upgraded Tigo Energy (NASDAQ:TYGO) from Neutral to Buy and significantly raised its price target to $3.00 from $0.90, citing improved performance and positive EBITDA. According to InvestingPro data, the stock has shown strong momentum with a 44% gain over the past six months, though current analysis suggests the stock is trading above its Fair Value.
The solar power optimization company delivered better-than-expected second-quarter results and raised its guidance despite challenging market conditions, according to Roth/MKM’s analysis.
Tigo Energy achieved positive EBITDA in the second quarter, with the company expecting this positive trend to continue through the third quarter and beyond, marking a steady improvement in performance since the fourth quarter of 2024.
The firm highlighted Tigo’s success in European markets and its product versatility across residential, commercial, industrial, and utility-scale solar segments, which provides customers with flexibility to adapt to varying market conditions.
Despite challenges in the U.S. market, Roth/MKM noted that Tigo’s management is targeting the solar repowering segment, which could enable further growth opportunities for the company.
In other recent news, Tigo Energy reported a remarkable 89.4% increase in revenue for the second quarter of 2025, reaching $24.1 million. The company’s gross profit also experienced a notable rise, amounting to $10.8 million. These robust financial results have drawn attention from investors and analysts alike. H.C. Wainwright responded by raising its price target for Tigo Energy from $3.00 to $6.00, maintaining a Buy rating on the stock. The research firm pointed out that Tigo Energy’s significant international revenue, which constitutes about 80% of its total, shields it from the challenges faced by other solar companies due to changes in U.S. solar deployment incentives and tariff issues. These developments underscore the company’s strong performance and its resilience amid industry challenges.
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