Tigo Energy (TYGO) to Release Quarterly Earnings on Wednesday

Tigo Energy (NASDAQ:TYGO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Tigo Energy to post earnings of ($0.17) per share for the quarter. Tigo Energy has set its Q3 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Tigo Energy had a negative net margin of 17.49% and a negative return on equity of 85.92%. The business had revenue of $12.70 million during the quarter, compared to analyst estimates of $13.91 million. During the same quarter last year, the business posted $0.14 earnings per share. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Tigo Energy Stock Performance

Tigo Energy stock opened at $1.17 on Monday. The stock has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.36. The stock has a market capitalization of $70.76 million, a price-to-earnings ratio of -1.30 and a beta of 0.93. The company has a quick ratio of 2.05, a current ratio of 5.37 and a debt-to-equity ratio of 0.81. Tigo Energy has a 12-month low of $0.86 and a 12-month high of $3.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Northland Securities dropped their target price on shares of Tigo Energy from $4.80 to $4.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. HC Wainwright dropped their price objective on shares of Tigo Energy from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

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.