Brokers Set Expectations for Tigo Energy FY2029 Earnings

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

Tigo Energy (NASDAQ:TYGO) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.44) earnings per share 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 Stock Up 4.0 %

TYGO stock opened at $1.04 on Friday. Tigo Energy has a one year low of $0.76 and a one year high of $2.12. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60. The firm has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.15.

Institutional Inflows and Outflows

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

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.