Tigo Energy (NASDAQ:TYGO) Given “Buy” Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Tigo Energy (NASDAQ:TYGO) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $3.00 price target on the stock.

Tigo Energy Price Performance

Shares of 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. Tigo Energy has a 1-year low of $0.76 and a 1-year high of $2.12. The firm has a 50 day simple moving average of $0.94 and a 200-day simple moving average of $1.15.

Tigo Energy (NASDAQ:TYGO) last announced its earnings results on Tuesday, February 11th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.29). Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. Analysts anticipate that Tigo Energy will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC grew its position in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. 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.