Key Points
- Tigo Energy CEO Zvi Alon sold 84,356 shares on June 2 at an average price of $3.72, worth about $313,804. After the sale, he still held 1,388,866 shares, a 5.73% reduction in his position.
- Alon also made two more insider sales that week, unloading 87,912 shares on June 3 and 42,167 shares on June 1. Together, the transactions highlight notable recent insider selling activity at TYGO.
- Tigo Energy’s stock and fundamentals remain mixed: shares opened at $3.47, the company reported quarterly EPS in line with estimates, and analysts currently have a consensus rating of Hold with an average price target of $6.47.
Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) CEO Zvi Alon sold 42,167 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $3.85, for a total value of $162,342.95. Following the completion of the sale, the chief executive officer owned 1,388,866 shares in the company, valued at $5,347,134.10. This trade represents a 2.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Zvi Alon also recently made the following trade(s):
- On Wednesday, June 3rd, Zvi Alon sold 87,912 shares of Tigo Energy stock. The stock was sold at an average price of $3.52, for a total value of $309,450.24.
- On Tuesday, June 2nd, Zvi Alon sold 84,356 shares of Tigo Energy stock. The stock was sold at an average price of $3.72, for a total value of $313,804.32.
Tigo Energy Stock Down 7.7%
NASDAQ:TYGO opened at $3.47 on Thursday. The business's 50-day moving average price is $4.11 and its two-hundred day moving average price is $3.15. Tigo Energy, Inc. has a twelve month low of $1.06 and a twelve month high of $5.33. The stock has a market cap of $263.41 million, a P/E ratio of 86.77 and a beta of 1.23.
Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $25.20 million during the quarter, compared to analyst estimates of $25.76 million. Tigo Energy had a negative return on equity of 41.48% and a net margin of 3.07%. On average, equities research analysts expect that Tigo Energy, Inc. will post 0.04 EPS for the current fiscal year.
Institutional Trading of Tigo Energy
Several hedge funds and other institutional investors have recently bought and sold shares of TYGO. JPMorgan Chase & Co. bought a new position in Tigo Energy during the third quarter valued at approximately $31,000. Scientech Research LLC bought a new stake in shares of Tigo Energy in the 3rd quarter worth approximately $33,000. Virtu Financial LLC bought a new stake in shares of Tigo Energy in the 3rd quarter worth approximately $34,000. Centiva Capital LP purchased a new stake in shares of Tigo Energy in the 3rd quarter valued at $59,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tigo Energy in the 3rd quarter valued at $63,000. Hedge funds and other institutional investors own 15.72% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on TYGO. Roth Mkm reissued a "buy" rating and issued a $7.00 price target on shares of Tigo Energy in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Tigo Energy from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Tigo Energy from a "sell (e+)" rating to a "sell (d+)" rating in a research report on Monday, May 18th. Finally, Northland Securities set a $6.40 price target on Tigo Energy in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Tigo Energy has an average rating of "Hold" and an average target price of $6.47.
Read Our Latest Stock Analysis on Tigo Energy
About Tigo Energy
(
Get Free Report)
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.
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