Tigo Energy, Inc. (NASDAQ:TYGO – Get Free Report) CEO Zvi Alon sold 72,057 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $3.42, for a total transaction of $246,434.94. Following the completion of the transaction, the chief executive officer directly owned 1,239,316 shares of the company’s stock, valued at $4,238,460.72. This trade represents a 5.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Zvi Alon also recently made the following trade(s):
- On Wednesday, June 3rd, Zvi Alon sold 87,912 shares of Tigo Energy stock. The stock was sold at an average price of $3.52, for a total transaction of $309,450.24.
- On Monday, June 1st, Zvi Alon sold 42,167 shares of Tigo Energy stock. The stock was sold at an average price of $3.85, for a total transaction of $162,342.95.
- On Tuesday, June 2nd, Zvi Alon sold 84,356 shares of Tigo Energy stock. The shares were sold at an average price of $3.72, for a total transaction of $313,804.32.
Tigo Energy Price Performance
NASDAQ:TYGO opened at $3.29 on Friday. The firm’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $3.16. Tigo Energy, Inc. has a one year low of $1.08 and a one year high of $5.33. The company has a market cap of $249.74 million, a PE ratio of 82.27 and a beta of 1.23.
Analyst Ratings Changes
Several research firms recently commented on TYGO. Roth Mkm reiterated a “buy” rating and set a $7.00 target price on shares of Tigo Energy in a research report on Wednesday, May 6th. Northland Securities set a $6.40 target price on shares of Tigo Energy in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Tigo Energy from a “sell (e+)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Tigo Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.47.
Read Our Latest Report on Tigo Energy
Institutional Trading of Tigo Energy
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TYGO. JPMorgan Chase & Co. acquired a new stake in Tigo Energy during the 3rd quarter valued at approximately $31,000. Vanguard Group Inc. increased its position in Tigo Energy by 182.4% during the 3rd quarter. Vanguard Group Inc. now owns 922,226 shares of the company’s stock valued at $2,306,000 after purchasing an additional 595,702 shares during the period. GSA Capital Partners LLP acquired a new stake in Tigo Energy during the 3rd quarter valued at approximately $63,000. Hillsdale Investment Management Inc. acquired a new stake in Tigo Energy during the 3rd quarter valued at approximately $443,000. Finally, Two Sigma Investments LP acquired a new stake in Tigo Energy during the 3rd quarter valued at approximately $431,000. Institutional investors and hedge funds own 15.72% of the company’s stock.
About Tigo Energy
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.
Recommended Stories
- Five stocks we like better than Tigo Energy
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
Receive News & Ratings for Tigo Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tigo Energy and related companies with MarketBeat.com's FREE daily email newsletter.
