Short Interest in Tigo Energy, Inc. (NASDAQ:TYGO) Rises By 947.7%

Key Points

• Tigo Energy, Inc. experienced a dramatic increase in short interest in July, rising by 947.7% to 621,300 shares, representing approximately 2.1% of total shares.
• The company reported earnings of ($0.07) per share for the last quarter, exceeding analyst expectations and generating $24.06 million in revenue.
• Analysts have given Tigo Energy a buy rating, with price targets increased from $3.00 to $6.00, suggesting positive market sentiment.

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 621,300 shares, anincreaseof947.7% from the July 15th total of 59,300 shares. Approximately2.1% of the shares of the company are short sold. Based on an average daily volume of 847,600 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 847,600 shares, the short-interest ratio is currently 0.7 days. Approximately2.1% of the shares of the company are short sold.

Analysts Set New Price Targets

TYGO has been the subject of several research reports. HC Wainwright lifted their price target on Tigo Energy from $3.00 to $6.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Roth Capital upgraded shares of Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price objective on the stock in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $4.50.

Tigo Energy Trading Up 0.3%

NASDAQ TYGO traded up $0.0040 during trading on Tuesday, hitting $1.3040. The company had a trading volume of 108,850 shares, compared to its average volume of 419,192. Tigo Energy has a one year low of $0.5802 and a one year high of $1.80. The company's fifty day moving average is $1.28 and its 200-day moving average is $1.04. The company has a market cap of $85.72 million, a price-to-earnings ratio of -1.55 and a beta of 0.99.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. The company had revenue of $24.06 million for the quarter, compared to the consensus estimate of $21.48 million. Tigo Energy had a negative net margin of 69.01% and a negative return on equity of 434.06%. Tigo Energy has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Tigo Energy will post -0.43 EPS for the current 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.