Wall Street Zen Upgrades Tigo Energy (NASDAQ:TYGO) to Hold

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 research analysts at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on TYGO. Roth Capital upgraded shares of Tigo Energy from a "neutral" rating to a "buy" rating and set a $3.00 price objective for the company in a research note on Thursday, July 31st. HC Wainwright boosted their price objective on shares of Tigo Energy from $3.00 to $6.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $4.50.

Tigo Energy Stock Up 2.5%

Shares of NASDAQ TYGO traded up $0.05 during trading hours on Friday, hitting $1.81. 399,905 shares of the stock were exchanged, compared to its average volume of 362,932. The company has a market cap of $118.99 million, a PE ratio of -2.15 and a beta of 1.00. The firm has a fifty day moving average price of $1.38 and a 200-day moving average price of $1.12. Tigo Energy has a 12 month low of $0.58 and a 12 month high of $1.90.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. The firm had revenue of $24.06 million during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal 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.