Tigo Energy (TYGO) to Release Earnings on Tuesday

Tigo Energy (NASDAQ:TYGO) will announce its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Tigo Energy has set its Q1 2024 guidance at EPS.Individual that are interested in registering for the company’s conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.05). The business had revenue of $9.25 million during the quarter, compared to the consensus estimate of $9.50 million. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tigo Energy Stock Performance

NASDAQ:TYGO opened at $1.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.96 and a quick ratio of 1.64. The stock’s 50 day simple moving average is $1.10 and its 200-day simple moving average is $1.66. Tigo Energy has a 12-month low of $0.86 and a 12-month high of $27.00.

Analyst Upgrades and Downgrades

Separately, HC Wainwright initiated coverage on shares of Tigo Energy in a research note on Tuesday, February 27th. They issued a “buy” rating and a $5.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tigo Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.05.

Insider Activity

In other news, CEO Zvi Alon sold 19,606 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.47, for a total transaction of $28,820.82. Following the sale, the chief executive officer now owns 173,913 shares of the company’s stock, valued at approximately $255,652.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 197,671 shares of company stock worth $260,003 in the last 90 days. 26.30% of the stock is currently owned by corporate insiders.

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.