Tigo Energy (NASDAQ:TYGO) Upgraded by Roth Capital to "Buy" Rating

Key Points

• Roth Capital has upgraded Tigo Energy (NASDAQ: TYGO) from a "neutral" rating to a "buy" rating, targeting a price of $3.00, suggesting a potential upside of 104.08% from the current price.
• HC Wainwright has also raised its price target on Tigo Energy to $6.00 and given it a "buy" rating.
• Tigo Energy's stock has increased by 19.5%, with the company reporting better-than-expected earnings of ($0.07) per share against estimates of ($0.09).

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 target price on the stock. Roth Capital's price objective indicates a potential upside of 136.22% 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 lifted 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, July 30th.

Tigo Energy Trading Down 3.1%

Shares of NASDAQ:TYGO traded down $0.04 during trading on Thursday, reaching $1.27. 579,054 shares of the stock were exchanged, compared to its average volume of 427,556. The stock has a 50-day moving average price of $1.24 and a 200-day moving average price of $1.02. The firm has a market cap of $78.76 million, a PE ratio of -1.48 and a beta of 0.99. Tigo Energy has a 12 month low of $0.58 and a 12 month high of $1.80.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.07) earnings per share 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 business had revenue of $24.06 million during the quarter, compared to the consensus estimate of $21.48 million. On average, sell-side analysts expect that Tigo Energy will post -0.43 earnings per share for the current fiscal year.

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.