FY2024 EPS Estimates for Tigo Energy Cut by Roth Capital

Tigo Energy, Inc. (NASDAQ:TYGO) – Roth Capital cut their FY2024 earnings 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 post earnings of ($0.75) per share for the year, down from their previous forecast 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.

A number of other equities analysts also recently commented on TYGO. 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. Northland Securities reduced their price target on shares of Tigo Energy from $4.80 to $4.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

Tigo Energy Stock Up 2.0 %

Tigo Energy stock opened at $1.02 on Wednesday. The stock’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.37. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60. The stock has a market cap of $61.96 million, a PE ratio of -1.18 and a beta of 0.92. Tigo Energy has a 1-year low of $0.86 and a 1-year high of $3.48.

Tigo Energy (NASDAQ:TYGO) last posted its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The business had revenue of $14.24 million for 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 last year, the business earned ($0.89) EPS.

Hedge Funds Weigh In On Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC increased its position in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period. Institutional investors own 15.72% of the company’s stock.

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.