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CAMPBELL, Calif. - Tigo Energy, Inc. (NASDAQ:TYGO), a solar technology company with a market capitalization of $81 million, announced on Thursday the release of Inverter Power Output Control (IPOC), a software feature that allows installers to limit the AC power output of Tigo inverters during commissioning. According to InvestingPro data, the company has shown strong momentum with a 32% gain over the past six months, despite operating in challenging market conditions.
The new capability enables solar installers to set precise system power targets required for incentives or maintain system power ratings when updating legacy solar systems with new inverters.
According to Wood Mackenzie data cited in the company’s press release, more than one million residential solar systems in the U.S. are over 10 years old, with approximately 400,000 more reaching this age annually over the next five years. This market opportunity aligns with analysts’ expectations of sales growth for Tigo Energy, as revealed in InvestingPro’s analysis, which includes over 10 additional key insights available to subscribers.
The IPOC feature allows installers to configure maximum AC nameplate rating via the Tigo EI App during system setup. Documentation options include product data sheets, bezel stickers, and installer letters to verify compliance with local authorities and incentive program administrators.
"While it may feel counterintuitive to make a technology product do less of what it is designed to do, the ability to quickly and easily derate Tigo inverters with the IPOC feature was an entirely market-driven development," said JD Dillon, chief marketing and customer experience officer at Tigo Energy.
Nick Sherman, CEO at EnergyAid, commented on the practical application: "For us to consistently improve and repower legacy residential systems, Tigo has given us a way to quickly customize the output power to keep our customers in compliance with the incentive programs that got them into solar in the first place."
The feature is designed to reduce inventory complexity for installation companies by allowing software adjustments rather than requiring multiple inverter models.
Tigo Energy and EnergyAid will join Solar Power World for a webinar on August 14 to discuss how inverter power control is influencing residential solar repowering. For investors interested in deeper analysis of Tigo Energy’s financial health and growth prospects, InvestingPro offers comprehensive research reports with detailed metrics and expert insights, available as part of its coverage of over 1,400 US stocks.
In other recent news, Tigo Energy Inc. reported its financial results for the first quarter of fiscal year 2025, showcasing a notable increase in revenue while still experiencing a net loss. The company shared guidance for the upcoming quarter and full fiscal year, expressing expectations for continued revenue growth. Additionally, Tigo Energy announced the certification of its TS4 module-level power electronics devices as compatible with sonnen’s hybrid inverter-battery systems. This development allows solar installers to integrate Tigo’s monitoring capabilities with sonnen’s battery storage systems, enhancing energy management for homeowners. In another significant update, Tigo Energy has settled a patent litigation case with SMA Solar Technology AG. The lawsuit, initiated in July 2022, revolved around claims of SMA infringing on Tigo’s rapid shutdown technology. While the settlement terms remain confidential, the resolution concludes the legal dispute. These developments reflect Tigo Energy’s ongoing efforts to expand its technological offerings and address legal challenges.
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