Tigo Energy (NASDAQ:TYGO – Free Report) had its target price decreased by Northland Securities from $4.80 to $4.50 in a report released on Wednesday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.
Several other analysts have also commented on the company. HC Wainwright dropped their target price on Tigo Energy from $5.00 to $3.00 and set a buy rating on the stock in a report on Wednesday. Roth Mkm lifted their target price on shares of Tigo Energy from $1.40 to $1.50 and gave the company a neutral rating in a report on Thursday, May 16th.
Check Out Our Latest Report on TYGO
Tigo Energy Stock Performance
Tigo Energy (NASDAQ:TYGO – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The business had revenue of $12.70 million during the quarter, compared to analyst estimates of $13.91 million. Tigo Energy had a negative return on equity of 79.38% and a negative net margin of 17.49%. During the same quarter in the previous year, the company earned $0.14 EPS. Equities analysts anticipate that Tigo Energy will post -0.55 earnings per share for the current fiscal year.
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.
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