What caused TYGO's EPS to rebound in Q4 2024?
4/8/2025 08:34pm
Tigo Energy's EPS is projected to rebound in Q4 2024 due to several factors:
1. **Strategic Market Gains**: Tigo Energy has gained market share in the global DC optimizer market, increasing from 9% in 2022 to 13% in 2023. This strategic growth could contribute to improved financial performance.
2. **Revenue Growth**: The company has experienced sequential revenue growth in each of the last three quarters of 2024. This trend suggests that revenue may have stabilized or increased in Q4 2024, potentially leading to a rebound in EPS.
3. **Cost Management**: Tigo Energy has been navigating challenges with strategic growth. Effective cost management as part of this strategy could help improve gross margins and contribute to a rebound in EPS.
4. **New Business Developments**: The company's Predict+ AI-based energy consumption and production platform continues to grow, with 62,000 meters under management. New business developments like this could contribute to increased profitability.
In conclusion, Tigo Energy's EPS is likely to rebound in Q4 2024 due to a combination of strategic market gains, revenue growth, cost management, and new business developments.