Tigo Energy (NASDAQ:TYGO) PT Lowered to $4.50 at Northland Securities

Tigo Energy (NASDAQ:TYGO) 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.

Tigo Energy Stock Performance

NASDAQ:TYGO traded down $0.03 during midday trading on Wednesday, hitting $1.26. The company’s stock had a trading volume of 45,164 shares, compared to its average volume of 28,628. Tigo Energy has a fifty-two week low of $0.86 and a fifty-two week high of $12.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 6.24 and a quick ratio of 2.31. The firm has a market cap of $76.07 million, a P/E ratio of -0.81 and a beta of 0.85. The firm’s 50 day moving average is $1.53 and its 200-day moving average is $1.34.

Tigo Energy (NASDAQ:TYGO) 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.