Brokers Set Expectations for Tigo Energy FY2030 Earnings

Tigo Energy, Inc. (NASDAQ:TYGO) – Investment analysts at HC Wainwright issued their FY2030 earnings estimates for shares of Tigo Energy in a note issued to investors on Wednesday, February 25th. HC Wainwright analyst A. Dayal forecasts that the company will earn $0.53 per share for the year. The consensus estimate for Tigo Energy’s current full-year earnings is ($0.43) per share.

Tigo Energy Stock Up 6.3%

Tigo Energy stock opened at $4.25 on Thursday. The company has a market capitalization of $298.99 million, a P/E ratio of -84.98 and a beta of 1.23. Tigo Energy has a twelve month low of $0.58 and a twelve month high of $4.50. The firm has a 50 day moving average price of $2.70 and a 200-day moving average price of $2.18.

Tigo Energy (NASDAQ:TYGO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. The firm had revenue of $30.03 million during the quarter, compared to analyst estimates of $30.02 million. Tigo Energy had a negative net margin of 1.82% and a negative return on equity of 263.41%.

Institutional Trading of Tigo Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Tigo Energy in the 3rd quarter valued at $31,000. Vanguard Group Inc. increased its position in shares of Tigo Energy by 182.4% during the 3rd quarter. Vanguard Group Inc. now owns 922,226 shares of the company’s stock valued at $2,306,000 after purchasing an additional 595,702 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Tigo Energy during the 3rd quarter valued at about $63,000. Hillsdale Investment Management Inc. purchased a new position in shares of Tigo Energy during the 3rd quarter valued at about $443,000. Finally, Two Sigma Investments LP bought a new stake in Tigo Energy in the 3rd quarter worth approximately $431,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

About Tigo Energy

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.