FY2024 EPS Estimates for Tigo Energy Reduced by Roth Capital

Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) - Equities research analysts at Roth Capital decreased their FY2024 EPS estimates for shares of Tigo Energy in a research note issued on Sunday, November 17th. Roth Capital analyst P. Shen now expects that the company will earn ($0.75) per share 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.05). Tigo Energy had a negative return on equity of 103.85% and a negative net margin of 110.29%. The firm had revenue of $14.24 million for the quarter, compared to the consensus estimate of $13.92 million. During the same period in the prior year, the company posted ($0.89) earnings per share.

A number of other analysts have also weighed in on the company. Northland Securities lowered their target price on 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 reduced their target price on shares of Tigo Energy from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th.

Tigo Energy Price Performance

TYGO stock traded up $0.03 during midday trading on Wednesday, reaching $1.03. 2,280 shares of the company's stock traded hands, compared to its average volume of 50,473. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. The company has a market cap of $62.57 million, a price-to-earnings ratio of -1.18 and a beta of 0.92. The company has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.37. Tigo Energy has a 1-year low of $0.86 and a 1-year high of $3.48.

Hedge Funds Weigh In On Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC raised its holdings in shares of Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) by 166.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,893 shares of the company's stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned 0.39% of Tigo Energy worth $399,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.72% of the company's stock.

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.