HC Wainwright Reiterates Buy Rating for Tigo Energy (NASDAQ:TYGO)

HC Wainwright reissued their buy rating on shares of Tigo Energy (NASDAQ:TYGO) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $3.00 target price on the stock.

Tigo Energy Price Performance

Shares of NASDAQ:TYGO opened at $1.00 on Wednesday. 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 stock’s 50-day moving average price is $0.94 and its two-hundred day moving average price is $1.15. Tigo Energy has a 12-month low of $0.76 and a 12-month high of $2.12.

Tigo Energy (NASDAQ:TYGO) last announced 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 return on equity of 103.85% and a negative net margin of 110.29%. As a group, equities analysts expect that Tigo Energy will post -0.78 EPS for the current fiscal year.

Institutional Trading of Tigo Energy

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

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.