Tigo Energy (NASDAQ:TYGO) Upgraded at Wall Street Zen

Key Points

• Tigo Energy has been upgraded to a "hold" rating by analysts at Wall Street Zen, reflecting a cautious outlook for the stock.
• Roth Capital has increased the stock's rating from "neutral" to "buy," setting a target price of $3.00, while HC Wainwright raised its target to $6.00.
• The company reported a quarterly revenue of $24.06 million, surpassing analyst expectations, though it still operates with a negative net margin.

Tigo Energy (NASDAQ:TYGO - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

A number of other brokerages have also commented on TYGO. HC Wainwright lifted their price target on shares of Tigo Energy from $3.00 to $6.00 and gave the stock 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 target on the stock in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $4.50.

Tigo Energy Price Performance

NASDAQ:TYGO traded down $0.10 during mid-day trading on Friday, reaching $1.62. The stock had a trading volume of 442,579 shares, compared to its average volume of 304,132. The stock has a 50-day simple moving average of $1.36 and a two-hundred day simple moving average of $1.10. The stock has a market capitalization of $106.50 million, a PE ratio of -1.93 and a beta of 1.00. 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 posted its earnings results on Tuesday, July 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. The firm had revenue of $24.06 million for the quarter, compared to analysts' expectations 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. Equities analysts expect that Tigo Energy will post -0.43 EPS for the current year.

About Tigo Energy

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.