Tigo Energy (NASDAQ:TYGO) Stock Rating Lowered by Wall Street Zen

Tigo Energy (NASDAQ:TYGO) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Tigo Energy Price Performance

Shares of NASDAQ:TYGO opened at $3.45 on Tuesday. The firm has a market capitalization of $260.82 million, a PE ratio of -68.99 and a beta of 1.19. The business has a 50-day moving average of $3.64 and a two-hundred day moving average of $2.57. Tigo Energy has a 12 month low of $0.58 and a 12 month high of $4.57.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Tigo Energy had a negative return on equity of 136.32% and a negative net margin of 1.82%.The company had revenue of $30.03 million for the quarter, compared to the consensus estimate of $30.02 million. As a group, research analysts anticipate that Tigo Energy will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new stake in Tigo Energy during the third quarter worth approximately $443,000. Bridgeway Capital Management LLC purchased a new position in shares of Tigo Energy in the 4th quarter valued at $97,000. Heron Bay Capital Management acquired a new position in shares of Tigo Energy during the 4th quarter valued at $76,000. State Street Corp acquired a new position in shares of Tigo Energy during the 4th quarter valued at $165,000. Finally, NewEdge Advisors LLC boosted its position in Tigo Energy by 137.7% during the 3rd quarter. NewEdge Advisors LLC now owns 36,162 shares of the company’s stock worth $90,000 after purchasing an additional 20,950 shares during the period. 15.72% of the stock is owned by institutional investors and hedge funds.

Tigo Energy Company Profile

Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company’s technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo’s offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.