Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Decreases By 32.8%

Key Points

• Tigo Energy, Inc. experienced a 32.8% decrease in short interest in September, bringing the total to 85,900 shares.
• Analysts have provided mixed ratings for Tigo Energy, with some raising the price target to as high as $6.00, while Weiss Ratings reaffirmed a "sell" rating.
• The company's recent earnings report showed a negative net margin of 69.01% and an EPS of ($0.07), above the consensus estimate of ($0.09).

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 85,900 shares, a drop of 32.8% from the September 15th total of 127,800 shares. Approximately 0.3% of the company's stock are short sold. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company's stock are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Roth Capital raised shares of Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price target for the company in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Tigo Energy in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Tigo Energy to a "hold" rating in a research note on Saturday, September 13th. Finally, HC Wainwright raised their target price 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. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.50.

Tigo Energy Price Performance

Shares of TYGO stock opened at $2.48 on Thursday. The company has a fifty day moving average price of $1.93 and a two-hundred day moving average price of $1.38. Tigo Energy has a one year low of $0.58 and a one year high of $2.95. The stock has a market cap of $163.04 million, a P/E ratio of -2.95 and a beta of 1.18.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its quarterly earnings data 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 434.06%. The firm had revenue of $24.06 million for the quarter, compared to the consensus estimate of $21.48 million. Tigo Energy has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Tigo Energy will post -0.43 EPS 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.

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