Should I buy or sell Tigo Energy stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tigo Energy in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TYGO shares. View TYGO analyst ratings or view top-rated stocks .

What is Tigo Energy's stock price target for 2024?

5 brokerages have issued 1 year price targets for Tigo Energy's shares. Their TYGO share price targets range from $2.20 to $12.00. On average, they anticipate the company's stock price to reach $7.05 in the next year. This suggests a possible upside of 605.8% from the stock's current price. View analysts price targets for TYGO or view top-rated stocks among Wall Street analysts .

How have TYGO shares performed in 2024?

Tigo Energy's stock was trading at $2.09 at the beginning of 2024. Since then, TYGO shares have decreased by 52.2% and is now trading at $0.9988. View the best growth stocks for 2024 here .

Are investors shorting Tigo Energy?

Tigo Energy saw a increase in short interest in March. As of March 31st, there was short interest totaling 117,500 shares, an increase of 23.8% from the March 15th total of 94,900 shares. Based on an average daily volume of 87,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company's stock are sold short. View Tigo Energy's Short Interest .

When is Tigo Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our TYGO earnings forecast .

How were Tigo Energy's earnings last quarter?

Tigo Energy, Inc. (NASDAQ:TYGO) issued its earnings results on Tuesday, February, 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.05. The firm earned $9.25 million during the quarter, compared to the consensus estimate of $9.50 million.

What guidance has Tigo Energy issued on next quarter's earnings?

Tigo Energy issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.0 million-$14.0 million, compared to the consensus revenue estimate of $15.1 million.

How do I buy shares of Tigo Energy?

Shares of TYGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Positive News SentimentPositive News

NASDAQ:TYGO

Tigo Energy (TYGO) Stock Price, News & Analysis

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$1.00

+0.08 (+8.71%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.94
▼
$1.01
50-Day Range: $0.92
▼
$2.04
52-Week Range: $0.86
▼
$27.00

Volume: 20,685 shs
Average Volume: 85,276 shs
Market Capitalization: $60.29 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.05

Get Tigo Energy alerts:

Tigo Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 605.8% Upside
$7.05 Price Target
Short Interest: Healthy
0.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.63
Based on 2 Articles This Week
Insider Trading: Selling Shares
$260,003 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.53) to ($0.42) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.11 out of 5 stars

Oils/Energy Sector

112th out of 226 stocks

Semiconductors & Related Devices Industry

44th out of 87 stocks

3.3

Analyst's Opinion

Consensus Rating
Tigo Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Tigo Energy has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.53% of the float of Tigo Energy has been sold short.
Short Interest Ratio / Days to Cover
Tigo Energy has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tigo Energy has recently increased by 23.81%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Tigo Energy does not currently pay a dividend.
Dividend Growth
Tigo Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TYGO.

3.7

News and Social Media Coverage

News Sentiment
Tigo Energy has a news sentiment score of 1.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Tigo Energy this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for TYGO on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
7 people have added Tigo Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tigo Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $260,003.00 in company stock.
Percentage Held by Insiders
26.30% of the stock of Tigo Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 15.72% of the stock of Tigo Energy is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Tigo Energy are expected to grow in the coming year, from ($0.53) to ($0.42) per share.
Price to Book Value per Share Ratio
Tigo Energy has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Tigo Energy Stock (NASDAQ:TYGO)

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. In addition, it offers GO Battery that provides energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; and GO Electric Vehicle (EV) Charger to reduce transportation costs. The company serves residential, commercial, and utility sectors through distributors and solar installers in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific regions. Tigo Energy, Inc. was founded in 2007 and is headquartered in Campbell, California.

TYGO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TYGO Stock News Headlines

April 15, 2024 | americanbankingnews.com

Tigo Energy, Inc. (NASDAQ:TYGO) Short Interest Update

March 28, 2024 | businesswire.com

Tigo Energy Headquarters Receives 90kW of Optimized Solar from Long-Time Installer Partner

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 28, 2024 | msn.com

HC Wainwright & Co. Initiates Coverage of Tigo Energy (TYGO) with Buy Recommendation

February 21, 2024 | finance.yahoo.com

Tigo Energy Expands Comprehensive Residential Energy Solution for Italy with GO EV Charger

February 21, 2024 | businesswire.com

Tigo Energy Expands Comprehensive Residential Energy Solution for Italy with GO EV Charger

February 15, 2024 | finance.yahoo.com

Tigo Energy Inc (TYGO) Reports Significant Revenue Growth Amid Market Challenges

February 14, 2024 | finance.yahoo.com

Tigo Energy, Inc. (NASDAQ:TYGO) Q4 2023 Earnings Call Transcript

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 13, 2024 | finance.yahoo.com

Tigo Energy Reports Fourth Quarter and Full Year 2023 Financial Results

February 9, 2024 | msn.com

Tigo Energy 2024 Annual Meeting: Director Elections Ahead

February 7, 2024 | stockhouse.com

Tigo Energy Green Glove Program for C&I Solar Builds Bridge to Total Quality Solar

January 30, 2024 | finance.yahoo.com

Tigo Energy Wins Key Rulings in U.S. Patent and Trademark Office Proceeding

January 18, 2024 | finance.yahoo.com

Analysts Just Made A Major Revision To Their Tigo Energy, Inc. (NASDAQ:TYGO) Revenue Forecasts

January 17, 2024 | finance.yahoo.com

Tigo Energy Announces Preliminary Financial Results and Reporting Date of February 13, 2024 for Fiscal Fourth Quarter and Full Year 2023

January 16, 2024 | finance.yahoo.com

Tigo Energy to Lead Residential Solar Solutions Discussion at Intersolar North America 2024

January 10, 2024 | finance.yahoo.com

Tigo Energy Strengthens Solar Rapid Shutdown Technology Patent Portfolio

December 26, 2023 | finance.yahoo.com

Returns At Tigo Energy (NASDAQ:TYGO) Are On The Way Up

December 24, 2023 | benzinga.com

Tigo Energy Stock (NASDAQ:TYGO) Dividends: History, Yield and Dates

December 19, 2023 | finance.yahoo.com

Tigo Energy Appoints Sagit Manor to Board of Directors

December 14, 2023 | finance.yahoo.com

Tigo Energy Breaks Through 10 Million MLPE Devices Deployed Milestone

December 6, 2023 | finance.yahoo.com

Why Investors Shouldn't Be Surprised By Tigo Energy, Inc.'s (NASDAQ:TYGO) 25% Share Price Plunge

November 18, 2023 | morningstar.com

Tigo Energy Inc TYGO

November 10, 2023 | msn.com

Roth MKM Downgrades Tigo Energy (TYGO)

November 9, 2023 | benzinga.com

Tigo Energy Stock (NASDAQ:TYGO), Analyst Ratings, Price Targets, Predictions

November 9, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Tigo Energy, Inc. (NASDAQ:TYGO)?

October 12, 2023 | msn.com

Roth MKM Maintains Tigo Energy (TYGO) Buy Recommendation

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Oils/Energy
Industry: Semiconductors & related devices
Sub-Industry: N/A
Current Symbol: NASDAQ:TYGO
CUSIP: N/A
CIK: 1855447
Web: www.tigoenergy.com
Phone: 949-720-5700
Fax: N/A
Employees: 176
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.05
High Stock Price Target: $12.00
Low Stock Price Target: $2.20
Potential Upside/Downside: +605.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-980,000.00
Net Margins: N/A
Pretax Margin: -0.58%
Return on Equity: -55.89%
Return on Assets: -19.15%

Debt

Debt-to-Equity Ratio: 0.50
Current Ratio: 3.96
Quick Ratio: 1.64

Sales & Book Value

Annual Sales: $145.23 million
Price / Sales: 0.42
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.07 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 60,360,000
Free Float: 44,484,000
Market Cap: $60.29 million
Optionable: Not Optionable
Beta: 0.72

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Key Executives

Mr. Zvi Alon (Age 71)
Chairman & CEO
Comp: $364.88k
Mr. Bill Roeschlein (Age 54)
Chief Financial Officer
Comp: $180.89k
Mr. James Dillon (Age 51)
Chief Marketing Officer
Comp: $274.17k
Dr. Jeffrey Sullivan (Age 51)
Chief Operating Officer
Ms. Jing Tian (Age 59)
Chief Growth Officer
Mr. Mirko Bindi
Senior VP of Sales for EMEA & MD of Europe

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TYGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Tigo Energy stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tigo Energy in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TYGO shares.
View TYGO analyst ratings or view top-rated stocks.
What is Tigo Energy's stock price target for 2024?: 5 brokerages have issued 1 year price targets for Tigo Energy's shares. Their TYGO share price targets range from $2.20 to $12.00. On average, they anticipate the company's stock price to reach $7.05 in the next year. This suggests a possible upside of 605.8% from the stock's current price.
View analysts price targets for TYGO or view top-rated stocks among Wall Street analysts.
How have TYGO shares performed in 2024?: Tigo Energy's stock was trading at $2.09 at the beginning of 2024. Since then, TYGO shares have decreased by 52.2% and is now trading at $0.9988.
View the best growth stocks for 2024 here.
Are investors shorting Tigo Energy?: Tigo Energy saw a increase in short interest in March. As of March 31st, there was short interest totaling 117,500 shares, an increase of 23.8% from the March 15th total of 94,900 shares. Based on an average daily volume of 87,600 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the company's stock are sold short.
View Tigo Energy's Short Interest.

When is Tigo Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our TYGO earnings forecast.
How were Tigo Energy's earnings last quarter?: Tigo Energy, Inc. (NASDAQ:TYGO) issued its earnings results on Tuesday, February, 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.05. The firm earned $9.25 million during the quarter, compared to the consensus estimate of $9.50 million.
What guidance has Tigo Energy issued on next quarter's earnings?: Tigo Energy issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.0 million-$14.0 million, compared to the consensus revenue estimate of $15.1 million.
How do I buy shares of Tigo Energy?: Shares of TYGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TYGO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Tigo Energy (TYGO) Stock Price, News & Analysis

Tigo Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tigo Energy Stock (NASDAQ:TYGO)

TYGO Stock Price History

TYGO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TYGO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™