Tigo Energy (TYGO) Set to Announce Earnings on Wednesday

Tigo Energy (NASDAQ:TYGO - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Tigo Energy to post earnings of ($0.17) per share for the quarter. Tigo Energy has set its Q3 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The business had revenue of $12.70 million during the quarter, compared to analysts' expectations of $13.91 million. Tigo Energy had a negative return on equity of 85.92% and a negative net margin of 17.49%. During the same period last year, the business earned $0.14 earnings per share. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Tigo Energy Price Performance

Shares of TYGO stock traded down $0.06 during trading hours on Wednesday, reaching $1.13. The company had a trading volume of 50,017 shares, compared to its average volume of 52,538. Tigo Energy has a 12-month low of $0.86 and a 12-month high of $3.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.05 and a current ratio of 5.37. The company has a market capitalization of $68.34 million, a price-to-earnings ratio of -1.26 and a beta of 0.86. The stock has a fifty day moving average of $1.35 and a 200-day moving average of $1.36.

Analysts Set New Price Targets

TYGO has been the subject of a number of recent research reports. Northland Securities cut 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 cut their price objective on shares of Tigo Energy from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th.

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.