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FY2028 EPS Estimates for Tigo Energy Raised by HC Wainwright

Tigo Energy logo with Energy background

Key Points

  • HC Wainwright has raised its FY2028 earnings per share (EPS) estimate for Tigo Energy from $0.09 to $0.12, maintaining a "Buy" rating with a price target of $6.00.
  • Tigo Energy's stock surged by 19.5%, opening at $1.47, following the announcement of its quarterly earnings which topped expectations.
  • The company reported revenues of $24.06 million for the quarter, exceeding the consensus estimate of $21.48 million, despite a negative EPS of ($0.07).
  • Want stock alerts on Tigo Energy? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) - Equities research analysts at HC Wainwright lifted their FY2028 earnings per share (EPS) estimates for Tigo Energy in a note issued to investors on Wednesday, July 30th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of $0.12 per share for the year, up from their previous forecast of $0.09. HC Wainwright currently has a "Buy" rating and a $6.00 price target on the stock. The consensus estimate for Tigo Energy's current full-year earnings is ($0.43) per share. HC Wainwright also issued estimates for Tigo Energy's FY2029 earnings at $0.21 EPS.

Separately, Roth Capital raised Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price target for the company in a report on Thursday.

Check Out Our Latest Stock Analysis on TYGO

Tigo Energy Stock Down 3.4%

NASDAQ:TYGO traded down $0.05 during mid-day trading on Thursday, hitting $1.27. 579,054 shares of the company traded hands, compared to its average volume of 427,556. The stock's fifty day moving average price is $1.24 and its 200-day moving average price is $1.02. Tigo Energy has a one year low of $0.58 and a one year high of $1.80. The firm has a market cap of $78.45 million, a price-to-earnings ratio of -1.48 and a beta of 0.99.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Tigo Energy had a negative return on equity of 337.61% and a negative net margin of 69.01%. The company had revenue of $24.06 million during the quarter, compared to analyst estimates of $21.48 million.

About Tigo Energy

(Get Free Report)

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.

See Also

Earnings History and Estimates for Tigo Energy (NASDAQ:TYGO)

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