Tigo Energy (NASDAQ:TYGO) Raised to “Buy” at Wall Street Zen

Tigo Energy (NASDAQ:TYGO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Tigo Energy Trading Down 6.6%

TYGO stock opened at $3.37 on Friday. The stock’s fifty day simple moving average is $2.95 and its two-hundred day simple moving average is $2.29. Tigo Energy has a 1-year low of $0.58 and a 1-year high of $4.50. The stock has a market cap of $237.73 million, a P/E ratio of -67.39 and a beta of 1.19.

Tigo Energy (NASDAQ:TYGO) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $30.03 million during the quarter, compared to the consensus estimate of $30.02 million. Tigo Energy had a negative return on equity of 263.41% and a negative net margin of 1.82%. As a group, analysts forecast that Tigo Energy will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Tigo Energy

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Tigo Energy in the third quarter valued at about $31,000. Scientech Research LLC purchased a new stake in shares of Tigo Energy during the 3rd quarter worth approximately $33,000. Virtu Financial LLC purchased a new stake in shares of Tigo Energy during the 3rd quarter worth approximately $34,000. Centiva Capital LP bought a new stake in shares of Tigo Energy in the 3rd quarter worth approximately $59,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Tigo Energy in the 3rd quarter worth approximately $63,000. 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.