FY2024 EPS Estimates for Tigo Energy Decreased by Analyst

Tigo Energy, Inc. (NASDAQ:TYGO) – Roth Capital lowered their FY2024 EPS estimates for Tigo Energy in a research note issued on Sunday, November 17th. Roth Capital analyst P. Shen now forecasts that the company will post earnings per share of ($0.75) for the year, down from their previous estimate of ($0.61). The consensus estimate for Tigo Energy’s current full-year earnings is ($0.71) per share. Roth Capital also issued estimates for Tigo Energy’s Q4 2024 earnings at ($0.15) EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.14) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.56) EPS, Q1 2026 earnings at ($0.13) EPS, Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at ($0.11) EPS and FY2026 earnings at ($0.47) EPS.

Tigo Energy (NASDAQ:TYGO) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $14.24 million during the quarter, compared to analyst estimates of $13.92 million. Tigo Energy had a negative return on equity of 103.85% and a negative net margin of 110.29%. During the same period in the previous year, the firm earned ($0.89) earnings per share.

A number of other research firms also recently weighed in on TYGO. HC Wainwright reduced their price target on Tigo Energy from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Northland Securities decreased 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 report on Wednesday, August 7th.

Tigo Energy Trading Up 2.0 %

NASDAQ TYGO opened at $1.02 on Wednesday. Tigo Energy has a 12 month low of $0.86 and a 12 month high of $3.48. The company has a current ratio of 3.96, a quick ratio of 1.60 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $61.96 million, a PE ratio of -1.18 and a beta of 0.92. The stock has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.37.

Hedge Funds Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC raised its stake in shares of 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 institutional investor owned 234,893 shares of the company’s stock after acquiring an additional 146,634 shares during the period. Geode Capital Management LLC owned about 0.39% of Tigo Energy worth $399,000 as of its most recent SEC filing. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

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.