Tigo Energy (NASDAQ:TYGO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tigo Energy (NASDAQ:TYGO) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Tigo Energy Stock Up 0.3%

Shares of NASDAQ TYGO opened at $3.63 on Friday. The firm has a market cap of $275.37 million, a PE ratio of -72.59 and a beta of 1.15. Tigo Energy has a 12-month low of $0.70 and a 12-month high of $4.57. The company’s fifty day simple moving average is $3.70 and its 200 day simple moving average is $2.69.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. Tigo Energy had a negative net margin of 1.82% and a negative return on equity of 136.32%. The firm had revenue of $30.03 million for the quarter, compared to analyst estimates of $30.02 million. On average, equities analysts predict that Tigo Energy will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Tigo Energy in the fourth quarter valued at $250,000. Quadrature Capital Ltd lifted its stake in shares of Tigo Energy by 148.1% in the fourth quarter. Quadrature Capital Ltd now owns 77,187 shares of the company’s stock valued at $107,000 after buying an additional 46,074 shares in the last quarter. Man Group plc lifted its stake in shares of Tigo Energy by 65.0% in the fourth quarter. Man Group plc now owns 228,685 shares of the company’s stock valued at $316,000 after buying an additional 90,108 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Tigo Energy in the fourth quarter valued at $97,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Tigo Energy in the fourth quarter valued at $226,000. 15.72% of the stock is owned by institutional investors.

Tigo Energy Company Profile

Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company’s technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo’s offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.