Tigo Energy (TYGO) Set to Announce Quarterly Earnings on Wednesday

Tigo Energy (NASDAQ:TYGO) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Tigo Energy had a negative net margin of 17.49% and a negative return on equity of 85.92%. The business had revenue of $12.70 million for the quarter, compared to the consensus estimate of $13.91 million. During the same quarter last year, the firm posted $0.14 earnings per share. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Tigo Energy Stock Down 5.1 %

TYGO opened at $1.11 on Tuesday. Tigo Energy has a 1-year low of $0.86 and a 1-year high of $3.48. The firm’s 50 day simple moving average is $1.35 and its two-hundred day simple moving average is $1.36. The company has a current ratio of 5.37, a quick ratio of 2.05 and a debt-to-equity ratio of 0.81.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TYGO shares. Northland Securities cut their price objective on Tigo Energy from $4.80 to $4.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. HC Wainwright lowered their target price on shares of Tigo Energy from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th.

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.