Analysts Offer Predictions for Tigo Energy FY2029 Earnings

Key Points

• HC Wainwright cut its FY2029 EPS forecast for Tigo Energy to $0.14 from $0.17, while keeping a Buy rating and a $3.50 price target. It estimates FY2030 EPS of $0.29.
• Tigo reported quarterly EPS of $0.02, beating the consensus estimate of a $0.02 loss, but revenue of $24.04 million came in below the $25.33 million forecast.
• Analyst sentiment is mixed: MarketBeat’s average rating is Hold, with a $3.73 consensus price target. Shares opened at $0.64, near their 12-month low of $0.63.

Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) - Equities research analysts at HC Wainwright dropped their FY2029 EPS estimates for Tigo Energy in a research report issued on Thursday, November 5th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $0.14 for the year, down from their previous forecast of $0.17. HC Wainwright currently has a "Buy" rating and a $3.50 price target on the stock. The consensus estimate for Tigo Energy's current full-year earnings is ($0.06) per share. HC Wainwright also issued estimates for Tigo Energy's FY2030 earnings at $0.29 EPS.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. Tigo Energy had a net margin of 11.94% and a return on equity of 4.99%. The company had revenue of $24.04 million for the quarter, compared to analyst estimates of $25.33 million.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings cut Tigo Energy from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday. Wall Street Zen cut Tigo Energy from a "hold" rating to a "sell" rating in a report on Sunday, October 4th. Finally, Roth Capital downgraded Tigo Energy from a "buy" rating to a "neutral" rating and set a $1.30 target price on the stock. in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $3.73.

Tigo Energy Price Performance

TYGO stock opened at $0.64 on Friday. The firm has a 50 day moving average of $0.90 and a 200-day moving average of $2.51. The company has a market cap of $49.36 million, a price-to-earnings ratio of 33.72 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. Tigo Energy has a 12-month low of $0.63 and a 12-month high of $5.33.

Hedge Funds Weigh In On Tigo Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TYGO. Russell Investments Group Ltd. grew its position in shares of Tigo Energy by 7,728.5% in the third quarter. Russell Investments Group Ltd. now owns 242,605 shares of the company's stock valued at $221,000 after purchasing an additional 239,506 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of Tigo Energy by 68.4% during the 2nd quarter. Engineers Gate Manager LP now owns 41,007 shares of the company's stock worth $96,000 after purchasing an additional 16,661 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Tigo Energy by 951.4% during the 2nd quarter. Squarepoint Ops LLC now owns 244,627 shares of the company's stock worth $570,000 after purchasing an additional 221,361 shares during the last quarter. AXQ Capital LP raised its position in shares of Tigo Energy by 57.1% during the 2nd quarter. AXQ Capital LP now owns 61,772 shares of the company's stock worth $144,000 after purchasing an additional 22,443 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in Tigo Energy in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds own 15.72% of the company's stock.

Tigo Energy Company Profile

Tigo Energy, Inc. NASDAQ: TYGO develops smart solar and energy-storage solutions for residential, commercial, and utility-scale installations. Its products are designed to improve the safety, monitoring, optimization, and overall performance of photovoltaic systems. The company's product portfolio includes module-level power electronics, rapid-shutdown devices, communication and monitoring equipment, and software platforms. Its TS4 product line provides functions such as module-level optimization, system monitoring, and enhanced safety, while its Energy Intelligence offering supports solar-plus-storage applications and energy management.

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