Tigo Energy gains on new patent issuance

Tigo Energy

10/01/2024 14:46

** Shares of solar company Tigo Energy  TYGO.O  up about
11%at $1.67
    ** Firm says it has been issued a new patent for its rapid
shutdown technology
    ** TYGO has over 150 patents granted or pending for its
rapid shutdown technology and Module Level Power Electronics
    ** Two of three analysts covering the stock rate it "buy"
and one "hold"; the median PT is $7.40
    ** TYGO stock lost nearly 80% in 2023

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com;))