Tigo Energy (NASDAQ:TYGO) Lowered to Buy Rating by Wall Street Zen

Tigo Energy (NASDAQ:TYGO) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Tigo Energy Stock Performance

TYGO stock opened at $3.45 on Tuesday. The firm has a market cap of $260.82 million, a P/E ratio of -68.99 and a beta of 1.19. Tigo Energy has a 1 year low of $0.58 and a 1 year high of $4.57. The stock has a 50-day simple moving average of $3.64 and a 200-day simple moving average of $2.57.

Tigo Energy (NASDAQ:TYGO) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. The firm had revenue of $30.03 million for the quarter, compared to analyst estimates of $30.02 million. Tigo Energy had a negative return on equity of 136.32% and a negative net margin of 1.82%. On average, equities research analysts predict that Tigo Energy will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TYGO. JPMorgan Chase & Co. acquired a new stake in Tigo Energy during the 3rd quarter valued at $31,000. Scientech Research LLC purchased a new stake in Tigo Energy during the 3rd quarter worth $33,000. Virtu Financial LLC acquired a new position in Tigo Energy in the 3rd quarter worth $34,000. NewEdge Advisors LLC lifted its holdings in Tigo Energy by 137.7% in the 3rd quarter. NewEdge Advisors LLC now owns 36,162 shares of the company’s stock worth $90,000 after buying an additional 20,950 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Tigo Energy by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 335,716 shares of the company’s stock valued at $463,000 after buying an additional 21,211 shares during the last quarter. 15.72% of the stock is owned by institutional investors and hedge funds.

Tigo Energy Company Profile

Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company’s technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.

At the core of Tigo’s offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.