Generation Investment Management LLP Sells 621,521 Shares of Tigo Energy, Inc. $TYGO

Generation Investment Management LLP cut its stake in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,069,700 shares of the company’s stock after selling 621,521 shares during the period. Tigo Energy comprises approximately 0.1% of Generation Investment Management LLP’s investment portfolio, making the stock its 29th biggest position. Generation Investment Management LLP owned approximately 10.05% of Tigo Energy worth $17,674,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TYGO. Vanguard Group Inc. grew its position in Tigo Energy by 182.4% during the 3rd quarter. Vanguard Group Inc. now owns 922,226 shares of the company’s stock worth $2,306,000 after acquiring an additional 595,702 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Tigo Energy during the third quarter valued at about $443,000. GSA Capital Partners LLP bought a new stake in shares of Tigo Energy during the third quarter worth about $63,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Tigo Energy during the third quarter worth about $31,000. Institutional investors and hedge funds own 15.72% of the company’s stock.

Tigo Energy Price Performance

Shares of NASDAQ TYGO opened at $3.35 on Tuesday. The company has a 50 day simple moving average of $2.56 and a 200 day simple moving average of $2.14. Tigo Energy, Inc. has a 1 year low of $0.58 and a 1 year high of $4.50. The firm has a market cap of $235.67 million, a PE ratio of -5.15 and a beta of 1.22.

Tigo Energy Profile

Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company’s technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo’s offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.