Analysts Set Expectations for Tigo Energy FY2028 Earnings

Tigo Energy, Inc. (NASDAQ:TYGO) – Investment analysts at HC Wainwright increased their FY2028 earnings estimates for Tigo Energy in a report issued on Thursday, May 8th. HC Wainwright analyst A. Dayal now expects that the company will earn $0.09 per share for the year, up from their prior estimate of $0.05. HC Wainwright currently has a “Buy” rating and a $3.00 price target on the stock. The consensus estimate for Tigo Energy’s current full-year earnings is ($0.43) per share. HC Wainwright also issued estimates for Tigo Energy’s FY2029 earnings at $0.18 EPS.

Tigo Energy (NASDAQ:TYGO) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The company had revenue of $18.84 million for the quarter, compared to the consensus estimate of $17.56 million. Tigo Energy had a negative net margin of 116.17% and a negative return on equity of 142.03%.

Tigo Energy Stock Performance

NASDAQ:TYGO opened at $0.90 on Friday. The firm has a market capitalization of $55.81 million, a PE ratio of -0.87 and a beta of 0.77. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60. The business’s fifty day moving average price is $0.84 and its 200 day moving average price is $0.93. Tigo Energy has a 12 month low of $0.58 and a 12 month high of $1.85.

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC raised its stake in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the 3rd quarter, according to its most recent Form 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.72% of the company’s stock.

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.