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

Tigo Energy (NASDAQ:TYGO) will be announcing its earnings results after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Tigo Energy has set its Q1 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Tigo Energy (NASDAQ:TYGO) last issued its earnings results on Tuesday, February 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.05). The firm had revenue of $9.25 million for the quarter, compared to the consensus estimate of $9.50 million. On average, analysts expect Tigo Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tigo Energy Stock Performance

NASDAQ:TYGO opened at $1.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.64 and a current ratio of 3.96. Tigo Energy has a 12-month low of $0.86 and a 12-month high of $27.00. The stock’s 50 day moving average price is $1.10 and its two-hundred day moving average price is $1.66.

Analyst Ratings Changes

Separately, HC Wainwright assumed coverage on Tigo Energy in a report on Tuesday, February 27th. They set a “buy” rating and a $5.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.05.

Insider Buying and Selling at Tigo Energy

In other news, CEO Zvi Alon sold 19,606 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.47, for a total transaction of $28,820.82. Following the completion of the sale, the chief executive officer now owns 173,913 shares of the company’s stock, valued at approximately $255,652.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 197,671 shares of company stock valued at $260,003 in the last ninety days. 26.30% of the stock is currently owned by company insiders.

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.