Roth/MKM Starts Tigo Energy (TYGO) at Buy

Roth/MKM analyst Philip Shen initiates coverage on Tigo Energy (NASDAQ: TYGO) with a Buy rating and a price target of $21.00.

The analyst comments: "TYGO, in our view, is poised to win module level power electronics (MLPE) share in the resi/C&I solar segments in EU/US in the coming years. The company has an attractive value proposition with its flexible optimizer technology, and customers are looking for alternatives. As a lower cost option, we see rapid growth/attractive margin potential. TYGO produces high quality MLPE with <0.01% failure rates and recently scored a commendable global NPS of 70. We initiate coverage of TYGO with a Buy rating and $21PT."

For an analyst ratings summary and ratings history on Tigo Energy click here. For more ratings news on Tigo Energy click here.

Shares of Tigo Energy closed at $16.20 yesterday.

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