HC Wainwright Comments on Tigo Energy FY2029 Earnings

Tigo Energy, Inc. (NASDAQ:TYGO) – Stock analysts at HC Wainwright issued their FY2029 earnings per share (EPS) estimates for shares of Tigo Energy in a note issued to investors on Wednesday, February 12th. HC Wainwright analyst A. Dayal forecasts that the company will post earnings per share of $0.14 for the year. HC Wainwright has a “Buy” rating and a $3.00 price objective on the stock. The consensus estimate for Tigo Energy’s current full-year earnings is ($0.78) per share.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Tuesday, February 11th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). Tigo Energy had a negative return on equity of 103.85% and a negative net margin of 110.29%.

Tigo Energy Trading Down 1.9 %

NASDAQ:TYGO opened at $1.02 on Friday. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. The business’s 50 day moving average is $0.95 and its two-hundred day moving average is $1.14. Tigo Energy has a 52 week low of $0.76 and a 52 week high of $2.12. The company has a market cap of $61.95 million, a PE ratio of -1.20 and a beta of 0.77.

Institutional Trading of Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC increased its stake in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.39% of Tigo Energy worth $399,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.72% of the company’s stock.

About Tigo Energy

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.