AIGH Capital Management LLC Takes Position in Tigo Energy, Inc. $TYGO

Key Points

• AIGH Capital Management acquired 1.99 million Tigo Energy shares worth approximately $4.64 million, giving it a 2.62% stake. Institutional investors collectively own 15.72% of the company.
• Tigo Energy reported quarterly EPS of $0.05, beating estimates by $0.01, but revenue of $25.41 million fell short of the $30.82 million consensus forecast. The stock opened at $1.22, well below its 52-week high of $5.33.
• Analyst sentiment remains cautious: Roth Capital downgraded the stock to neutral, Wall Street Zen issued a sell rating, and the consensus rating is Hold with an average price target of $3.73. Insiders have sold 463,444 shares worth $1.63 million over the past 90 days.

AIGH Capital Management LLC acquired a new stake in shares of Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,990,371 shares of the company's stock, valued at approximately $4,638,000. AIGH Capital Management LLC owned approximately 2.62% of Tigo Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Tigo Energy in the 3rd quarter valued at $31,000. Vanguard Group Inc. increased its holdings in shares of Tigo Energy by 182.4% in the third quarter. Vanguard Group Inc. now owns 922,226 shares of the company's stock worth $2,306,000 after purchasing an additional 595,702 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Tigo Energy in the third quarter worth $431,000. Man Group plc purchased a new stake in shares of Tigo Energy in the third quarter worth $346,000. Finally, Virtu Financial LLC bought a new stake in Tigo Energy during the third quarter valued at $34,000. Institutional investors own 15.72% of the company's stock.

Tigo Energy Stock Performance

Shares of TYGO stock opened at $1.22 on Monday. The stock has a market capitalization of $92.61 million, a PE ratio of 8.71 and a beta of 1.32. Tigo Energy, Inc. has a 1-year low of $0.93 and a 1-year high of $5.33. The business has a 50-day moving average of $2.04 and a 200 day moving average of $3.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.04 and a quick ratio of 1.90.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $25.41 million for the quarter, compared to analysts' expectations of $30.82 million. Tigo Energy had a negative return on equity of 1.74% and a net margin of 8.97%. As a group, sell-side analysts anticipate that Tigo Energy, Inc. will post -0.01 earnings per share for the current year.

Insider Transactions at Tigo Energy

In other Tigo Energy news, Director Joan C. Conley sold 50,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $3.10, for a total value of $155,000.00. Following the sale, the director owned 227,902 shares in the company, valued at approximately $706,496.20. This represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Zvi Alon sold 72,057 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $3.42, for a total transaction of $246,434.94. Following the transaction, the chief executive officer directly owned 1,239,316 shares of the company's stock, valued at $4,238,460.72. This represents a 5.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 463,444 shares of company stock valued at $1,631,333. Insiders own 26.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Roth Capital lowered Tigo Energy from a "buy" rating to a "neutral" rating and set a $1.30 price objective for the company. in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Tigo Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Northland Securities set a $6.40 price target on shares of Tigo Energy in a research note on Thursday, May 7th. HC Wainwright cut their price target on shares of Tigo Energy from $6.00 to $3.50 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Tigo Energy from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $3.73.

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.

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