Wall Street Zen upgraded shares of Tigo Energy (NASDAQ:TYGO – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.
TYGO has been the subject of several other research reports. Weiss Ratings cut Tigo Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. HC Wainwright decreased their price target on Tigo Energy from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Roth Capital cut Tigo Energy from a “buy” rating to a “neutral” rating and set a $1.30 price target for the company. in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.73.
View Our Latest Stock Report on TYGO
Tigo Energy Stock Performance
Tigo Energy (NASDAQ:TYGO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Tigo Energy had a net margin of 8.97% and a negative return on equity of 1.74%. The business had revenue of $25.41 million during the quarter, compared to the consensus estimate of $30.82 million. On average, analysts expect that Tigo Energy will post -0.08 EPS for the current year.
Hedge Funds Weigh In On Tigo Energy
Several large investors have recently made changes to their positions in the stock. AIGH Capital Management LLC purchased a new position in shares of Tigo Energy during the 1st quarter worth approximately $27,374,000. AWM Investment Company Inc. acquired a new stake in Tigo Energy in the 2nd quarter valued at approximately $7,801,000. BlackRock Inc. purchased a new stake in Tigo Energy in the second quarter valued at approximately $5,044,000. Walleye Capital LLC raised its position in Tigo Energy by 25.2% in the first quarter. Walleye Capital LLC now owns 651,158 shares of the company’s stock valued at $2,448,000 after purchasing an additional 131,259 shares during the period. Finally, Bank of America Corp DE lifted its stake in Tigo Energy by 24.4% during the first quarter. Bank of America Corp DE now owns 471,036 shares of the company’s stock worth $1,771,000 after purchasing an additional 92,412 shares in the last quarter. 15.72% of the stock is currently owned by institutional investors and hedge funds.
About Tigo Energy
Tigo Energy, Inc develops smart solar and energy-storage solutions for residential, commercial, and utility-scale installations. The company’s products are designed to improve the safety, monitoring, energy harvesting, and operational performance of photovoltaic systems.
Its portfolio includes module-level power electronics (MLPE), such as the TS4 platform, which supports functions including power optimization, rapid shutdown, and module-level monitoring. Tigo also offers cloud-based monitoring and fleet-management software, as well as energy-storage and solar-plus-storage solutions through its EI Residential product line.
Founded in 2007 and headquartered in Campbell, California, Tigo serves solar equipment manufacturers, distributors, installers, and system owners in markets around the world.
See Also
- Five stocks we like better than Tigo Energy
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
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.
