Tigo Energy (TYGO) Set to Announce Quarterly Earnings on Wednesday

Tigo Energy (NASDAQ:TYGO) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Tigo Energy to post earnings of ($0.17) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Tigo Energy had a negative net margin of 17.49% and a negative return on equity of 85.92%. The firm had revenue of $12.70 million during the quarter, compared to analyst estimates of $13.91 million. During the same quarter last year, the business earned $0.14 earnings per share. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Tigo Energy Stock Down 5.1 %

Shares of TYGO stock opened at $1.11 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.05 and a current ratio of 5.37. The stock’s fifty day moving average price is $1.35 and its 200 day moving average price is $1.36. Tigo Energy has a 1-year low of $0.86 and a 1-year high of $3.48.

Analyst Ratings Changes

Several equities analysts recently issued reports on TYGO shares. HC Wainwright cut their target price on Tigo Energy from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Northland Securities decreased their target price on Tigo Energy from $4.80 to $4.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th.

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.