10 Best Solar Stocks to Buy Now

5. Tigo Energy, Inc. (NASDAQ:TYGO)

Tigo Energy Inc. (NASDAQ:TYGO) is one of the best solar stocks to buy now. On February 25, Tigo Energy Inc. (NASDAQ:TYGO) entered into a definitive agreement with an institutional investor for the purchase and sale of 5 million shares at $3 a share. The company is poised to generate $15 million in gross proceeds from the offering. It plans to use net proceeds from the offering for general corporate and working capital purposes.

Earlier, on February 24, the company delivered strong fourth-quarter results at the back of a seasonally slower solar installation period and a cold-weather period. Revenue in the period was up 73% to $30 million, as income from operations increased to $0.3 million, from an operating loss of $24.1 million in Q4 2024. The company bounced to profitability with a net income of $11.7 million compared to a net loss of $26.8 million in the fourth quarter of 2024.

Full-year revenue increased 91.7% to $103.5 million, while gross profit totaled $44.4 million. Full-year net loss narrowed to $1.9 million compared to a net loss of $62.7 million in 2024. Tigo Energy Inc. expects first-quarter revenue to range between $25 million and $27 million, with full-year revenue expected to grow by 26% to 30%.

Bill Roeschlein, Chief Financial Officer of Tigo, added: “The first quarter outlook reflects weather-related seasonality in EMEA revenue and prudently incorporates a potential $500 thousand operating expense reserve related to a slow-paying distributor that we are actively addressing.

Tigo Energy, Inc. (NASDAQ:TYGO) is a leading provider of intelligent solar energy solutions, specializing in Module Level Power Electronics (MLPE) such as power optimizers, inverters, and battery storage. It designs hardware and software that increase solar energy yield, enhance safety via rapid shutdown, and improve monitoring for residential and commercial solar installations.