Tigo Energy (TYGO) Stock Price, News & Analysis

Company Overview

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. In addition, it offers GO Battery that provides energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; and GO Electric Vehicle (EV) Charger to reduce transportation costs. The company serves residential, commercial, and utility sectors through distributors and solar installers in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific regions. Tigo Energy, Inc. was founded in 2007 and is headquartered in Campbell, California.

Key Stats

• Today's Range: $0.98 to $1.04
• 50-Day Range: $1.00 to $1.70
• 52-Week Range: $0.86 to $3.37
• Volume: 18,472 shs
• Average Volume: 50,335 shs
• Market Capitalization: $59.53 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.00
• Consensus Rating: Moderate Buy

Tigo Energy Stock Analysis - MarketRank™

Tigo Energy scored higher than 56% of companies evaluated by MarketBeat, and ranked 143rd out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tigo Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Tigo Energy has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Tigo Energy are expected to grow in the coming year, from ($0.78) to ($0.61) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tigo Energy is -1.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tigo Energy is -1.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Tigo Energy has a P/B Ratio of 1.78. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.21% of the float of Tigo Energy has been sold short.

Short Interest Ratio / Days to Cover

Tigo Energy has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tigo Energy has recently decreased by 5.30%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Tigo Energy does not currently pay a dividend.

Dividend Growth

Tigo Energy does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.21% of the float of Tigo Energy has been sold short.

Short Interest Ratio / Days to Cover

Tigo Energy has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tigo Energy has recently decreased by 5.30%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.08

News Sentiment

Tigo Energy has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Tigo Energy this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tigo Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.30% of the stock of Tigo Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 15.72% of the stock of Tigo Energy is held by institutions.

TYGO Stock Analysis - Frequently Asked Questions

How have TYGO shares performed this year?

Tigo Energy's stock was trading at $2.09 at the beginning of the year. Since then, TYGO stock has decreased by 53.1% and is now trading at $0.98.
View the best growth stocks for 2024 here.

How were Tigo Energy's earnings last quarter?

Tigo Energy, Inc. (NASDAQ:TYGO) posted its quarterly earnings results on Wednesday, November, 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by $0.05. The business had revenue of $14.24 million for the quarter, compared to analysts' expectations of $13.92 million. Tigo Energy had a negative net margin of 110.29% and a negative trailing twelve-month return on equity of 103.85%.

Who are Tigo Energy's major shareholders?

Top institutional investors of Tigo Energy include Geode Capital Management LLC (0.39%). Insiders that own company stock include Zvi Alon, Jing Tian, Bill Roeschlein, Jeffrey Stuart Sullivan and James Jd Dillon.
View institutional ownership trends.

How do I buy shares of Tigo Energy?

Shares of TYGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tigo Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tigo Energy investors own include Avino Silver & Gold Mines (ASM), Avino Silver & Gold Mines (ASM), Clean Energy Fuels (CLNE), Intel (INTC), XPeng (XPEV), AbCellera Biologics (ABCL) and A.P. Møller - Mærsk A/S (AMKBY).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:TYGO
• CUSIP: N/A
• CIK: 1855447
• Web: www.tigoenergy.com
• Phone: 949-720-5700
• Fax: N/A
• Employees: 126
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.00
• High Stock Price Target: $4.50
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +194.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-980,000.00
• Net Margins: -110.29%
• Pretax Margin: -110.02%
• Return on Equity: -103.85%
• Return on Assets: -46.23%

Debt

• Debt-to-Equity Ratio: 1.14
• Current Ratio: 3.96
• Quick Ratio: 1.60

Sales & Book Value

• Annual Sales: $45.99 million
• Price / Sales: 1.35
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.07 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 60,743,000
• Free Float: 44,768,000
• Market Cap: $61.96 million
• Optionable: Not Optionable
• Beta: 0.92