177,100 Shares in Tigo Energy, Inc. $TYGO Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in Tigo Energy, Inc. (NASDAQ:TYGO) during the 3rd quarter, Holdings Channel reports. The fund acquired 177,100 shares of the company’s stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. JPMorgan Chase & Co. bought a new position in Tigo Energy in the 3rd quarter valued at approximately $31,000. Finally, GSA Capital Partners LLP acquired a new stake in Tigo Energy in the third quarter valued at approximately $63,000. Institutional investors own 15.72% of the company’s stock.

Tigo Energy Stock Performance

NASDAQ TYGO opened at $3.54 on Wednesday. The firm’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.15. The stock has a market cap of $249.05 million, a PE ratio of -5.45 and a beta of 1.22. Tigo Energy, Inc. has a fifty-two week low of $0.58 and a fifty-two week high of $4.50.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. The company had revenue of $30.03 million for the quarter, compared to the consensus estimate of $30.02 million. Tigo Energy had a negative return on equity of 623.75% and a negative net margin of 44.50%. As a group, sell-side analysts predict that Tigo Energy, Inc. will post -0.43 earnings per share for the current fiscal year.

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.