Tigo Energy (NASDAQ:TYGO) Trading Up 5.1% – Here’s What Happened

Tigo Energy, Inc. (NASDAQ:TYGO) shares were up 5.1% on Tuesday . The company traded as high as $2.75 and last traded at $2.68. Approximately 500,829 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 724,053 shares. The stock had previously closed at $2.55.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TYGO. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tigo Energy in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Tigo Energy to a “hold” rating in a research report on Saturday, September 13th. Roth Capital raised shares of Tigo Energy from a “neutral” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Thursday, July 31st. Finally, HC Wainwright lifted their target price on shares of Tigo Energy from $3.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Tigo Energy has a consensus rating of “Hold” and a consensus price target of $4.50.

Tigo Energy Stock Performance

The business has a 50-day moving average of $1.67 and a 200 day moving average of $1.26. The stock has a market cap of $176.18 million, a PE ratio of -3.19 and a beta of 1.18.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Tuesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $24.06 million for the quarter, compared to analyst estimates of $21.48 million. Tigo Energy had a negative net margin of 69.01% and a negative return on equity of 434.06%. Tigo Energy has set its Q3 2025 guidance at EPS. Equities analysts expect that Tigo Energy, Inc. will post -0.43 EPS for the current fiscal year.

Tigo Energy Company Profile

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.