Tigo Energy (TYGO) Scheduled to Post Quarterly Earnings on Tuesday

Tigo Energy (NASDAQ:TYGO - Get Free Report) is scheduled to release its earnings data after the market closes on Tuesday, May 14th. Analysts expect Tigo Energy to post earnings of ($0.20) per share for the quarter. Tigo Energy has set its Q1 2024 guidance at EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.05). The business had revenue of $9.25 million during the quarter, compared to analyst estimates of $9.50 million. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tigo Energy Price Performance

Shares of TYGO traded up $0.03 during trading hours on Tuesday, hitting $1.13. The company had a trading volume of 41,053 shares, compared to its average volume of 76,686. The firm has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.66. Tigo Energy has a 52-week low of $0.86 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.96 and a quick ratio of 1.64.

Wall Street Analyst Weigh In

Separately, HC Wainwright started coverage on shares of Tigo Energy in a report on Tuesday, February 27th. They issued a "buy" rating and a $5.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.05.

Insider Activity at Tigo Energy

In other news, CEO Zvi Alon sold 35,506 shares of Tigo Energy stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $1.32, for a total value of $46,867.92. Following the completion of the sale, the chief executive officer now directly owns 173,913 shares in the company, valued at $229,565.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 197,671 shares of company stock valued at $260,003 over the last ninety days. Insiders own 26.30% of the company's stock.

Tigo Energy Company Profile

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.