Tigo Energy (NASDAQ:TYGO) Stock Price Up 2.4% - Here's Why

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report)'s share price rose 2.4% during trading on Monday . The company traded as high as $1.30 and last traded at $1.30. Approximately 56,244 shares were traded during trading, a decline of 1% from the average daily volume of 56,929 shares. The stock had previously closed at $1.27.

Tigo Energy Stock Up 2.4%

The firm has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $0.94. The firm has a market cap of $80.63 million, a PE ratio of -1.35 and a beta of 0.86.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.02. The company had revenue of $18.84 million for the quarter, compared to analysts' expectations of $17.56 million. Tigo Energy had a negative net margin of 92.37% and a negative return on equity of 257.79%. Research analysts forecast that Tigo Energy, Inc. 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.

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