Tigo Energy Stock Earnings Estimates Cut by HC Wainwright

Tigo Energy, Inc. (NASDAQ:TYGO) – Stock analysts at HC Wainwright reduced their FY2029 earnings estimates for shares of Tigo Energy in a research note issued on Thursday, November 5th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.14 per share for the year, down from their prior estimate of $0.17. HC Wainwright has a “Buy” rating and a $3.50 price objective on the stock. The consensus estimate for Tigo Energy’s current full-year earnings is ($0.06) per share. HC Wainwright also issued estimates for Tigo Energy’s FY2030 earnings at $0.29 EPS.

Tigo Energy (NASDAQ:TYGO) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $24.04 million during the quarter, compared to the consensus estimate of $25.33 million. Tigo Energy had a net margin of 11.94% and a return on equity of 4.99%.

TYGO has been the topic of a number of other reports. Weiss Ratings lowered Tigo Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Roth Capital downgraded shares of Tigo Energy from a “buy” rating to a “neutral” rating and set a $1.30 price objective for the company. in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Tigo Energy from a “hold” rating to a “sell” rating in a report on Sunday, October 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.73.

Tigo Energy Stock Performance

Shares of TYGO opened at $0.64 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 2.90. The company has a market capitalization of $49.36 million, a price-to-earnings ratio of 33.72 and a beta of 1.32. The company’s 50 day simple moving average is $0.90 and its 200 day simple moving average is $2.51. Tigo Energy has a 1 year low of $0.63 and a 1 year high of $5.33.

Institutional Investors Weigh In On Tigo Energy

Several large investors have recently made changes to their positions in TYGO. Walleye Capital LLC purchased a new position in shares of Tigo Energy in the 2nd quarter valued at $29,000. Engineers Gate Manager LP boosted its position in Tigo Energy by 68.4% during the 2nd quarter. Engineers Gate Manager LP now owns 41,007 shares of the company’s stock worth $96,000 after purchasing an additional 16,661 shares during the period. Bank of America Corp DE purchased a new stake in Tigo Energy during the 2nd quarter worth $52,000. AXQ Capital LP increased its holdings in Tigo Energy by 57.1% in the 2nd quarter. AXQ Capital LP now owns 61,772 shares of the company’s stock valued at $144,000 after purchasing an additional 22,443 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Tigo Energy in the 1st quarter valued at $107,000. Institutional investors and hedge funds own 15.72% of the company’s stock.

About Tigo Energy

Tigo Energy, Inc. (NASDAQ: TYGO) develops smart solar and energy-storage solutions for residential, commercial, and utility-scale installations. Its products are designed to improve the safety, monitoring, optimization, and overall performance of photovoltaic systems. The company’s product portfolio includes module-level power electronics, rapid-shutdown devices, communication and monitoring equipment, and software platforms. Its TS4 product line provides functions such as module-level optimization, system monitoring, and enhanced safety, while its Energy Intelligence offering supports solar-plus-storage applications and energy management.