Tigo Energy, Inc. (NASDAQ:TYGO) is one of the best wind power and solar stocks to buy according to analysts. On August 25, the company inked a manufacturing and marketing partnership with EG4 Electronics as it looks to enhance the development of smart hardware and software solutions for solar systems.
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The two companies are joining forces to produce optimized inverters and Module Level Power Electronics. The partnership will utilize EGV's 310,000-square-foot manufacturing facility in Commerce. Tigo and its partners plan to strengthen their domestic energy manufacturing capabilities and improve product availability for US installers.
"We believe in energy autonomy for our customers just as much as we believe in manufacturing autonomy for American innovators, and this partnership with Tigo allows us to make significant progress on both of those fronts," said James Showalter, founder at EG4 Electronics.
Tigo Energy, Inc. (NASDAQ:TYGO) designs and sells hardware and software for the solar industry, providing solutions that increase energy production, enhance safety, and reduce operating costs for residential, commercial, and utility-scale solar systems.
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Disclosure: None. This article is originally published at Insider Monkey.