Tigo Energy, Inc. (NASDAQ:TYGO) Sees Large Drop in Short Interest

Key Points

• Tigo Energy, Inc. experienced a significant 49.4% decline in short interest in September, with total short interest falling from 252,600 shares to 127,800 shares.
• Several analysts have recently upgraded Tigo Energy's stock ratings, with Roth Capital setting a new price target of $3.00 and HC Wainwright raising theirs to $6.00.
• The company's recent quarterly earnings showed an EPS of ($0.07), beating estimates and revenues of $24.06 million, surpassing analyst estimates of $21.48 million.

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 127,800 shares, a decline of 49.4% from the August 31st total of 252,600 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TYGO shares. Roth Capital upgraded 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. HC Wainwright lifted their price target on Tigo Energy from $3.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Tigo Energy to a "hold" rating in a research note on Saturday, September 13th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Tigo Energy in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Tigo Energy has an average rating of "Hold" and an average price target of $4.50.

Tigo Energy Trading Down 1.2%

NASDAQ:TYGO traded down $0.03 during trading hours on Friday, hitting $2.42. 1,166,239 shares of the stock were exchanged, compared to its average volume of 667,896. Tigo Energy has a 52-week low of $0.58 and a 52-week high of $2.58. The firm's fifty day moving average price is $1.62 and its 200 day moving average price is $1.23. The company has a market cap of $159.09 million, a P/E ratio of -2.88 and a beta of 1.18.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02. The business had revenue of $24.06 million during the quarter, compared to analyst estimates of $21.48 million. Tigo Energy had a negative return on equity of 434.06% and a negative net margin of 69.01%. Tigo Energy has set its Q3 2025 guidance at EPS. Equities analysts expect 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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