Tigo Energy’s (TYGO) “Buy” Rating Reiterated at HC Wainwright

Tigo Energy (NASDAQ:TYGO)‘s stock had its “buy” rating reiterated by investment analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock. HC Wainwright’s price target indicates a potential upside of 200.00% from the company’s previous close.

Tigo Energy Stock Performance

Shares of NASDAQ:TYGO opened at $1.00 on Wednesday. The business has a fifty day moving average of $0.94 and a 200-day moving average of $1.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.60 and a current ratio of 3.96. Tigo Energy has a twelve month low of $0.76 and a twelve month high of $2.12. The firm has a market cap of $60.74 million, a PE ratio of -1.18 and a beta of 0.77.

Tigo Energy (NASDAQ:TYGO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.29). Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. On average, equities research analysts predict that Tigo Energy will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC lifted its stake in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned 0.39% of Tigo Energy worth $399,000 at the end of the most recent quarter. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

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.