HC Wainwright Forecasts Tigo Energy FY2029 Earnings

Tigo Energy, Inc. (NASDAQ:TYGO) – Analysts at HC Wainwright issued their FY2029 EPS estimates for shares of Tigo Energy in a report released on Wednesday, February 12th. HC Wainwright analyst A. Dayal expects that the company will post earnings per share of $0.14 for the year. 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 ($0.78) per share.

Tigo Energy Price Performance

Shares of NASDAQ:TYGO opened at $1.02 on Friday. The company’s fifty day moving average price is $0.95 and its 200 day moving average price is $1.14. Tigo Energy has a 12 month low of $0.76 and a 12 month high of $2.12. 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 firm has a market capitalization of $61.95 million, a P/E ratio of -1.20 and a beta of 0.77.

Tigo Energy (NASDAQ:TYGO) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.29). Tigo Energy had a negative return on equity of 103.85% and a negative net margin of 110.29%.

Institutional Investors Weigh In On Tigo Energy

A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC increased its stake in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,893 shares of the company’s stock after acquiring an additional 146,634 shares during the quarter. Geode Capital Management LLC owned about 0.39% of Tigo Energy worth $399,000 at the end of the most recent quarter. Institutional investors 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.