Tigo Energy Faces Class Action Over Alleged Revenue Misleading

The litigation centers on Tigo’s disclosures concerning its manufacturing agreement with EG4. While Tigo projected strong fiscal results throughout early 2026, the lawsuit claims these figures lacked a factual basis because the EG4 partnership was not expected to generate material revenue until the fourth quarter. This discrepancy allegedly left investors exposed when the company ultimately slashed its annual revenue guidance from $135 million to $110 million.

Disappointment deepened on August 4, 2026, when Tigo reported second-quarter revenue of $25.4 million, missing its own guidance of $30 to $32 million. CFO statements attributed the shortfall to a delayed go-to-market launch for the EG4 partnership and a slower-than-expected recovery in the European market. Following the announcement, Tigo stock plunged from $2.04 to $1.29 per share—a single-day decline of 37%. Robbins LLP is now seeking to represent those who suffered losses during the period, noting that participation in the litigation does not require out-of-pocket costs for investors under the firm's contingency fee structure.