Analysts Issue Forecasts for Tigo Energy FY2024 Earnings

Tigo Energy, Inc. (NASDAQ:TYGO) – Equities research analysts at Roth Capital decreased their FY2024 earnings estimates for Tigo Energy in a research note issued on Sunday, November 17th. Roth Capital analyst P. Shen now forecasts that the company will earn ($0.75) per share for the year, down from their previous forecast of ($0.61). The consensus estimate for Tigo Energy’s current full-year earnings is ($0.71) per share. Roth Capital also issued estimates for Tigo Energy’s Q4 2024 earnings at ($0.15) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.14) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.56) EPS, Q1 2026 earnings at ($0.13) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.11) EPS and FY2026 earnings at ($0.47) EPS.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $14.24 million during the quarter, compared to analyst estimates of $13.92 million. Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. During the same quarter last year, the company posted ($0.89) earnings per share.

A number of other brokerages also recently weighed in on TYGO. HC Wainwright cut their price target on shares of Tigo Energy from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Northland Securities reduced their target price on Tigo Energy from $4.80 to $4.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

Tigo Energy Stock Performance

TYGO opened at $1.00 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.60 and a current ratio of 3.96. Tigo Energy has a 52-week low of $0.86 and a 52-week high of $3.48. The firm has a market cap of $60.74 million, a P/E ratio of -1.18 and a beta of 0.92. The business’s fifty day moving average is $1.33 and its 200-day moving average is $1.37.

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC boosted its stake in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned about 0.39% of Tigo Energy worth $399,000 at the end of the most recent quarter. 15.72% of the stock is currently owned by institutional investors.

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.