Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) - Research analysts at HC Wainwright cut their FY2024 earnings per share estimates for Tigo Energy in a research report issued to clients and investors on Thursday, November 7th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.80) per share for the year, down from their prior forecast of ($0.73). HC Wainwright currently has a "Buy" rating and a $3.00 target price 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 - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.05). The company had revenue of $14.24 million during the quarter, compared to analysts' expectations of $13.92 million. Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 93.99%. During the same period in the previous year, the company posted ($0.89) earnings per share.
Separately, Northland Securities lowered their price target on Tigo Energy from $4.80 to $4.50 and set an "outperform" rating for the company in a research report on Wednesday, August 7th.
Get Our Latest Stock Report on Tigo Energy
Tigo Energy Stock Down 0.9 %
NASDAQ TYGO traded down $0.01 on Monday, reaching $1.07. The company had a trading volume of 32,069 shares, compared to its average volume of 51,417. The stock has a market capitalization of $65.00 million, a P/E ratio of -1.26 and a beta of 0.92. The company's fifty day moving average is $1.34 and its 200 day moving average is $1.37. Tigo Energy has a 52-week low of $0.86 and a 52-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.
About Tigo Energy
(
Get Free Report)
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.
Further Reading
Before you consider Tigo Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tigo Energy wasn't on the list.
While Tigo Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
