Tigo Energy sees Q3 revenue between $24 mln and $26 mln
Company expects Q3 adjusted EBITDA (loss) between $(1) mln and $0.5 mln
Tigo Energy revises full-year 2026 revenue outlook to $100 mln-$110 mln
Overview
US solar solutions provider's Q2 revenue rose 5.6% yr/yr but missed analyst expectations
Adjusted EBITDA for Q2 missed analyst expectations, reflecting a softer revenue mix and delays
Company cites soft US sales and delayed product launches as reasons for revenue shortfall
Result Drivers
US market weakness - Co said US sales remained soft after expiration of residential clean-energy tax credit and partner delays pushed back a key product launch
Slower European recovery - Co said European market recovery continued at a more measured pace than anticipated, though Germany and Italy grew yr/yr
Softer revenue mix - Co said gross margin and adjusted EBITDA reflected a softer revenue mix in the quarter
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Tigo Energy Inc is $6.70, about 243.6% above its August 3 closing price of $1.95
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 71 three months ago
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