Craig-Hallum starts ‘rare undiscovered gem’ Tigo Energy with a Buy

As previously reported, Craig-Hallum analyst Eric Stine initiated coverage of Tigo Energy (TYGO) with a Buy rating and $28 price target. The firm sees Tigo Energy as a “rare undiscovered gem” in the rapidly growing global solar market and thinks that investors who take note will be rewarded. Following substantial growth over the last several years, Module Level Power Electronics for the residential solar market have been dominated by Enphase Energy (ENPH) and SolarEdge (SEDG). Craig-Hallum believes the market wants another option and sees Tigo Energy as that company.