Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Down 32.8% in September

Tigo Energy, Inc. (NASDAQ:TYGO) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 85,900 shares, a decline of 32.8% from the September 15th total of 127,800 shares. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,140,000 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

TYGO has been the subject of several research reports. HC Wainwright upped their price target on shares of Tigo Energy from $3.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Roth Capital raised shares of Tigo Energy from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Tigo Energy in a research report on Friday. Finally, Wall Street Zen raised shares of Tigo Energy to a “hold” rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.50.

Tigo Energy Trading Up 3.2%

Tigo Energy stock opened at $2.56 on Friday. The firm has a 50 day moving average of $1.98 and a 200 day moving average of $1.40. The firm has a market capitalization of $168.29 million, a price-to-earnings ratio of -3.05 and a beta of 1.18. Tigo Energy has a 12-month low of $0.58 and a 12-month high of $2.95.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Tuesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. The company had revenue of $24.06 million during the quarter, compared to analyst estimates of $21.48 million. Tigo Energy had a negative net margin of 69.01% and a negative return on equity of 434.06%. Tigo Energy has set its Q3 2025 guidance at EPS. On average, analysts predict that Tigo Energy will post -0.43 EPS for the current year.

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.