Press release
Investigation announced for Investors who lost money with shares of Tigo Energy, Inc. (NASDAQ: TYGO)
An investigation for investors in Tigo Energy, Inc. (NASDAQ: TYGO) shares over potential securities laws violations by Tigo Energy
Investors who purchased shares of Tigo Energy, Inc. (NASDAQ: TYGO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tigo Energy, Inc. (NASDAQ: TYGO) concerning whether a series of statements by Tigo Energy, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Campbell, CA based Tigo Energy, Inc. develops module-level power electronics (Flex MLPE) and module optimizer technology for the solar industry. Tigo Energy, Inc. reported that its annual Total Revenue rose from $43.64 million in 2021 to $81.32 million in 2022, and that its Net Loss increased from $4.86 million in 2021 to $7.03 million in 2022.
On August 8, 2023, Tigo Energy, Inc announced its financial results for the second quarter of 2023. Therein, Tigo Energy, Inc claimed that it had "recently started seeing some demand softening in the channel as supply constraints that defined 2022 began to improve in 2023." The Company also claimed that it believes the "supply constraints led to some across-the-board over-ordering that the industry is now facing."
Shares of Tigo Energy, Inc. (NASDAQ: TYGO) declined from $26.98 per share on July 19, 2023, to as low as $6.20 per share on September 28, 2023.
Those who purchased shares of Tigo Energy, Inc. (NASDAQ: TYGO) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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