FY2024 EPS Estimates for Tigo Energy Cut by HC Wainwright

Tigo Energy, Inc. (NASDAQ:TYGO) – HC Wainwright decreased their FY2024 EPS estimates for Tigo Energy in a report issued on Thursday, November 7th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of ($0.80) for the year, down from their prior forecast of ($0.73). 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 ($0.71) per share. HC Wainwright also issued estimates for Tigo Energy’s Q4 2024 earnings at ($0.21) EPS, FY2025 earnings at ($0.65) EPS, FY2026 earnings at ($0.24) EPS, FY2027 earnings at ($0.10) EPS and FY2028 earnings at $0.05 EPS.

Tigo Energy (NASDAQ:TYGO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). The company had revenue of $14.24 million for the quarter, compared to analysts’ expectations of $13.92 million. Tigo Energy had a negative return on equity of 93.99% and a negative net margin of 110.29%. During the same period in the prior year, the business earned ($0.89) EPS.

Separately, Northland Securities cut their target price on shares of Tigo Energy from $4.80 to $4.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

Tigo Energy Stock Performance

NASDAQ:TYGO opened at $1.07 on Monday. The firm’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.37. Tigo Energy has a fifty-two week low of $0.86 and a fifty-two week high of $3.48. The company has a quick ratio of 2.05, a current ratio of 5.37 and a debt-to-equity ratio of 0.81. The company has a market cap of $65.00 million, a P/E ratio of -1.26 and a beta of 0.92.

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.