Street Calls of the Week
SAN JUAN, Puerto Rico - Tigo Energy, Inc. (NASDAQ:TYGO) announced it will introduce its enhanced GO Optimized Energy Storage System to the Puerto Rican market and expand local support infrastructure for solar installers on the island. The announcement comes ahead of the company's participation in the Energy 2025 tradeshow at the Puerto Rico Convention Center on October 10. According to InvestingPro data, Tigo has shown remarkable momentum with a 191.67% return over the past six months, though current analysis suggests the stock is trading above its Fair Value.
The Tigo GO Optimized ESS features modular battery storage with capacity of up to 30kWh per enclosure and delivers 11.4kW of continuous output with surge capacity up to 18kW. The system is designed for whole-home backup power and includes features like automated battery discovery and net-metering functions. This product launch comes as the company reports revenue growth of 52.31% in the last twelve months, though InvestingPro analysis indicates challenges with gross profit margins currently at 9.61%.
To strengthen its presence in Puerto Rico, Tigo is collaborating with local firm RR^2 Electrical & Engineering Solutions to provide in-market installer support. The company is also expanding its Green Glove service program and offering Spanish-language training through Tigo Academy.
"We are very excited about not only bringing our customers the latest solar technology from Tigo, but also about collaborating with Tigo to help installers in Puerto Rico deploy more solar," said Roberto Rojas, co-owner of RR^2 Electrical & Engineering Solutions.
The expanded offerings come in response to growing demand for solar and storage solutions in Puerto Rico, where energy costs and grid instability have been ongoing concerns. According to the company, battery product attach rates on the island average two units per installation site.
"Our response to being embraced by these installers is expanding our battery offering, improving system production through optimization, and taking our customer support infrastructure to the next level," said Jing Tian, chief growth and revenue officer at Tigo Energy. Analysts appear optimistic about the company's direction, with three analysts recently revising their earnings estimates upward for the upcoming period. For deeper insights into Tigo's growth prospects and detailed financial analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
The announcement was made in a press release statement from the company.
In other recent news, Tigo Energy reported a remarkable 89.4% increase in revenue for the second quarter of 2025, totaling $24.1 million. The company's gross profit also rose significantly, reaching $10.8 million. Roth/MKM upgraded Tigo Energy's stock rating from Neutral to Buy, citing improved performance and positive EBITDA, and increased the price target to $3.00 from $0.90. Additionally, H.C. Wainwright raised its price target for Tigo Energy to $6.00 from $3.00, maintaining a Buy rating due to the company's strong second-quarter results and positive 2025 outlook. Tigo Energy's revenue composition, with about 80% coming from outside the United States, provides some insulation from U.S. solar deployment incentive changes and tariff challenges. In another development, Tigo Energy has partnered with EG4 Electronics to manufacture optimized inverters and Module Level Power Electronics in the United States. This partnership will utilize EG4's new manufacturing facility in Commerce, Texas, expected to create over 1,000 jobs. These developments highlight Tigo Energy's strategic growth and operational resilience.
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