Tigo Energy (NASDAQ:TYGO - Get Free Report) was upgraded by investment analysts at Roth Capital from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has a $3.00 price objective on the stock. Roth Capital's target price would suggest a potential upside of 129.01% from the company's previous close. Roth Capital also issued estimates for Tigo Energy's Q1 2027 earnings at ($0.07) EPS and Q2 2027 earnings at ($0.04) EPS.
Separately, HC Wainwright increased their price target on shares of Tigo Energy from $3.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday.
Check Out Our Latest Research Report on Tigo Energy
Tigo Energy Stock Performance
Shares of NASDAQ TYGO traded down $0.01 during mid-day trading on Thursday, hitting $1.31. 791,146 shares of the stock were exchanged, compared to its average volume of 2,508,054. Tigo Energy has a twelve month low of $0.58 and a twelve month high of $1.80. The stock's fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $1.02.
Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. Tigo Energy had a negative net margin of 69.01% and a negative return on equity of 337.61%. The business had revenue of $24.06 million for the quarter, compared to analysts' expectations of $21.48 million. On average, equities analysts forecast that Tigo Energy will post -0.43 earnings per share for the current fiscal year.
About Tigo Energy
(
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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.
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