Tigo Energy, Inc. (TYGO) Partners with EG4 Electronics to Enhance Manufacturing Capacity

Tigo Energy, Inc. (NASDAQ:TYGO) is one of the best wind power and solar stocks to buy according to analysts. On August 25, the company inked a manufacturing and marketing partnership with EG4 Electronics as it looks to enhance the development of smart hardware and software solutions for solar systems.

Tigo Energy, Inc. (TYGO) Partners with EG4 Electronics to Enhance Manufacturing Capacity

Soonthorn Wongsaita/Shutterstock.com

The two companies are joining forces to produce optimized inverters and Module Level Power Electronics. The partnership will utilize EGV’s 310,000-square-foot manufacturing facility in Commerce. Tigo and its partners plan to strengthen their domestic energy manufacturing capabilities and improve product availability for US installers.

“We believe in energy autonomy for our customers just as much as we believe in manufacturing autonomy for American innovators, and this partnership with Tigo allows us to make significant progress on both of those fronts,” said James Showalter, founder at EG4 Electronics.

Tigo Energy, Inc. (NASDAQ:TYGO) designs and sells hardware and software for the solar industry, providing solutions that increase energy production, enhance safety, and reduce operating costs for residential, commercial, and utility-scale solar systems.

While we acknowledge the potential of TYGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TYGO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Robinhood Penny Stocks to Invest In and 12 Best Cybersecurity Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.